earnings projections
GE stock sinks after proposing reverse stock split, confirming $30 billion AerCap deal
Shares of General Electric Co. slumped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split. GE, which hosted an analyst meeting early Wednesday, also provided 2021 financial guidance, in which the range for adjusted earnings was a bit downbeat, but the …
European stocks slump after SAP profit warning and new COVID-19 restrictions
Italian anti-riot policemen clash with demonstrators over measures to fight the spread of COVID-19 in the center of Naples, southern Italy, on October, 24, 2020. carlo hermann/Agence France-Presse/Getty Images European stocks traded lower Monday on a combination of worries, including a profit warning from business software giant SAP, new restrictions on activity in response to …
Walmart Sales Surge as Coronavirus Drives Americans to Stockpile
Walmart Inc. is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods. The country’s largest retailer said U.S. comparable sales, those from stores and digital channels operating …
United Technologies Raises Profit Outlook
United Technologies Corp. raised its profit outlook for the year as it recorded higher quarterly earnings and revenue driven largely by its 2018 acquisition of airplane-parts maker Rockwell Collins Inc. For the full year, the Farmington, Conn., aerospace company now expects adjusted per-share earnings to be between $8.05 and $8.15, up from its previous outlook …
