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GE Vernova Posts 1Q Loss, Backs 2024 Revenue View

By Rob Curran

GE Vernova posted a first-quarter loss and reiterated its revenue growth targets for 2024 as growth blossomed for its electrification unit.

In its first earnings report since...

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Bristol-Myers Cuts '24 EPS View, Posts Narrower-Than-Seen 1Q Loss

By Rob Curran

Bristol-Myers Squibb cut its 2024 earnings projection even as the drug giant posted a narrower-than-anticipated first-quarter loss, reflecting the impact of product acquisitions...

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S&P Global 1Q Net Tops Views; Raises 2024 Revenue, EPS Views

By Rob Curran

S&P Global boosted its revenue and adjusted earnings target for 2024 as an increase in credit-market activity boosted its fortunes and first-quarter earnings soared beyond...

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Materials Gain as BHP Makes $39 Billion Anglo American Bid -- Materials Roundup

Producers of metals and other raw materials rose amid deal activity.

Shares of De Beers owner Anglo American rallied after reports that BHP, the world's largest miner by market capitalization,...

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Energy Climbs as Traders Digest GDP Data -- Energy Roundup

Shares of energy companies rose, recouping early losses as concerns about a gross-domestic product report moderated.

Initially, traders feared that signs of slowing economic growth and...
-April 25, 2024 at 05:25 pm EDT
- MarketScreener

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Utilities Advance as GDP Data Triggers Defensive Rotation -- Utilities Roundup

Shares of power producers rose after surprisingly weak gross-domestic product growth data triggered a rotation into defensive sectors.

The utilities industry group of the S&P 500 has moved into...
-April 25, 2024 at 05:37 pm EDT
- MarketScreener

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Health Care Drops Amid Mixed Earnings -- Health Care Roundup

Health-care companies fell after mixed earnings.

Bristol-Myers Squibb shares tumbled after the drug giant said it would lay off roughly 2,200 people in an effort to compensate for a slowdown in...
-April 25, 2024 at 05:31 pm EDT
- MarketScreener

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Telecoms Down After Meta, Comcast Earnings -- Communications Services Roundup

Communications services companies slid after weak earnings from cable and social networking bellwethers.

Comcast shares plunged after the cable and entertainment conglomerate posted an increase...
-April 25, 2024 at 05:36 pm EDT
- MarketScreener

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Consumer Cos Flat on Inflation Nerves -- Consumer Roundup

Consumer companies were more or less flat amid renewed anxiety about inflation.

The price component of the first-quarter gross-domestic product growth foreshadows either a massive surprise in...
-April 25, 2024 at 05:32 pm EDT
- MarketScreener

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Tech Drops After Meta Earnings, But Microsoft, Alphabet Rise After Hours - Tech Roundup

Shares of technology companies fell after Meta Platforms warned it would have to spend heavily to keep up with an artificial-intelligence arms race.

Meta tumbled after the Facebook owner said...

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