Check out the companies making headlines in midday trading. General Motors — Shares rose more than 4% after the automaker exceeded analysts’ expectations for its first-quarter results . General Motors posted adjusted earnings of $2.62 per share on revenue of $43.01 billion. Analysts had anticipated earnings of $2.15 per share and revenue of $41.92 billion, according to LSEG. The company also raised its forecast for adjusted automotive free cash flow to between $8.5 billion and $10.5 billion, above its previously anticipated $8 billion to $10 billion. GE Aerospace — The aircraft supplier stock added 7% after reporting first-quarter adjusted earnings of 82 cents per share, higher than consensus estimates of 65 cents a share, per LSEG. GE Aerospace’s revenue of $16.1 billion also exceeded analysts’ expectations of $15.14 billion. PepsiCo — The snack and beverage stock dipped 2% despite a stronger-than-expected first quarter . PepsiCo reported $1.61 in adjusted earnings per share, topping the $1.52 per share expected by analysts, according to LSEG. Even with the first-quarter beat, PepsiCo kept its full-year outlook the same. Novartis — The U.S.-listed shares of the Swiss drugmaker added 2.6% after Novartis raised its full-year guidance. JetBlue Airways — Shares plummeted 16% after the airline company lowered its forecasts for revenue for the second quarter and full-year 2024. JetBlue’s first-quarter revenu …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. General Motors — Shares rose more than 4% after the automaker exceeded analysts’ expectations for its first-quarter results . General Motors posted adjusted earnings of $2.62 per share on revenue of $43.01 billion. Analysts had anticipated earnings of $2.15 per share and revenue of $41.92 billion, according to LSEG. The company also raised its forecast for adjusted automotive free cash flow to between $8.5 billion and $10.5 billion, above its previously anticipated $8 billion to $10 billion. GE Aerospace — The aircraft supplier stock added 7% after reporting first-quarter adjusted earnings of 82 cents per share, higher than consensus estimates of 65 cents a share, per LSEG. GE Aerospace’s revenue of $16.1 billion also exceeded analysts’ expectations of $15.14 billion. PepsiCo — The snack and beverage stock dipped 2% despite a stronger-than-expected first quarter . PepsiCo reported $1.61 in adjusted earnings per share, topping the $1.52 per share expected by analysts, according to LSEG. Even with the first-quarter beat, PepsiCo kept its full-year outlook the same. Novartis — The U.S.-listed shares of the Swiss drugmaker added 2.6% after Novartis raised its full-year guidance. JetBlue Airways — Shares plummeted 16% after the airline company lowered its forecasts for revenue for the second quarter and full-year 2024. JetBlue’s first-quarter revenu …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
