GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings

Pickup trucks and resilient consumer spending powered GM's 24% increase in quarterly profit, but China remains a trouble spot. 


 
Virgin Galactic skyrockets 21%, stock on pace for biggest gain in 10 months

Shares of Virgin Galactic have rallied after trading down on 13 of the past 17 days. 


 
Kering Expects Sharp Drop in Operating Profit After Gucci Sales Tumble in China

Kering Chairman and Chief Executive Francois-Henri Pinault noted "sluggish market conditions, notably in China." 


 
Spotify Needs to Keep the Price Hits Coming

The music streamer's market value has surged on the belief that its money-losing days are in the past. 


 
Philip Morris Stock Climbs on Earnings Beat. Its Smokeless Strategy Is Working.

The cigarette maker posted first quarter adjusted earnings of $1.50 a share, beating Wall Street's call for $1.41. 


 
PulteGroup Stock Jumps on Earnings Beat. 'Shortage of Several Million Homes' Spurs Demand.

New home sales were strong in March, reflecting demand as supply remains weak. 


 
GE Aerospace Surges on Earnings. GE Vernova Gets a Bump, Too.

GE Aerospace and GE Vernova just reported their last quarter together, and for the most part it was better than expected. 


 
Lockheed Crushes Sales and Earnings Estimates. Growth Is Solid.

The defense giant's first-quarter earnings of $6.39 a share top Wall Street forecasts of $5.78. 


 
JetBlue Stock Tumbles After Earnings Report. Here's Why.

The carrier posted a narrower-than-expected loss in the first quarter. 


 
Kuehne + Nagel Says Shipping Demand Remains Subdued Despite Slight Volume Uptick

The global freight forwarder stepped up cost-efficiency measures in the first quarter as the industry faces headwinds from the Ukraine war and Red Sea tensions.


(END) Dow Jones Newswires

04-23-24 1315ET