Key TakeawaysGeneral Motors posted better-than-expected profit and sales as it kept prices steady and controlled costs. The biggest U.S. carmaker raised the low end of its profit guidance.General Motors shares traded at their highest level since January 2022. General Motors (GM) shares surged Tuesday after the biggest U.S. carmaker posted better-than-expected results and raised its profit guidance on steady pricing and cost controls. The company reported third-quarter adjusted earnings per share (EPS) of $2 ...

Core Insights - Verizon's third-quarter revenue and net income fell below analysts' expectations, leading to a decline in share price [1] - The company reported $33.33 billion in revenue, which is roughly flat year-over-year and slightly below consensus estimates [1] - Profit decreased by 30% to $3.41 billion, or 78 cents per share, which was more than $1 billion short of expectations [1] Financial Performance - Verizon's profit numbers were impacted by over $2.3 billion in one-time charges related to acquisitions, severance costs, and other expenses [2] - Adjusted earnings per share (EPS) came in at $1.19, a penny above estimates when excluding special items [2] - The company anticipates losing about 4,800 employees through a buyout program by March 2025, which accounted for $1.7 billion of the one-time charges in Q3 [2] Strategic Outlook - CEO Hans Vestberg stated that recent acquisitions, including a $20 billion deal for Frontier Communications and a $3.3 billion lease of communications towers, position Verizon for disciplined growth [3] - Verizon reaffirmed its full-year adjusted EPS guidance of $4.50 to $4.70 [3] - Shares of Verizon were down nearly 4% to $42.06 shortly before the market opened [3]

Key Takeaways Nvidia shares will likely remain in the spotlight after surging to a new record high Monday amid optimism about the company's dominance of the AI chip market and insatiable demand for its nextgeneration Blackwell GPU architecture. The relative strength index indicates bullish price momentum and gives a reading below overbought levels, suggesting the stock has ample room to test higher prices. A bars pattern, which extracts the stock's trend higher from April to June and repositions it from the ...

GE Aerospace (GE) reported third-quarter results above expectations Tuesday morning, as Chief Executive Officer (CEO) Larry Culp said the company saw strong demand for its airplane engines and other parts in the quarter. The engine and aerospace parts manufacturer posted $9.84 billion in revenue, while analysts polled by Visible Alpha had a consensus estimate of $9.55 billion. Net income was $1.89 billion, or $1.56 per share, compared with the projected $1.28 billion and $1.19. The company also lifted its p ...

Key Takeaways Nvidia shares closed at a fresh high Monday, just a week after the stock set its previous record. The gains came as analysts grew more bullish on stock, expecting it has further to rise. Bank of America raised its price target late last week, calling Nvidia a "top AI pick." Nvidia (NVDA) shares surged Monday to close at a fresh high, just a week after the company set its previous record. The chipmaker's stock price gained more than 4% to finish at $143.71 Monday, and has nearly tripled in valu ...

Key Takeaways Microsoft is rolling out autonomous AI agents for its Copilot software. Users will be able to create their own agents to handle customer management tasks or rely on agents designed by Microsoft. The company called agents "apps for an AI-powered world." Microsoft (MSFT) is launching artificial intelligence (AI)—driven "autonomous agents" for its Copilot AI assistant software, the company announced Monday in a move seemingly designed to compete with Salesforce (CRM) in customer management softwa ...

Key Takeaways The Walt Disney Co. announced that the replacement for CEO Bob Iger will be named in early 2026. The entertainment giant also said former Morgan Stanley CEO James Gorman, who heads the succession committee, will become chair on Jan. 2. Iger returned to Disney as CEO in November 2022 after the board removed his successor, Bob Chapek. Shares of The Walt Disney Co. (DIS) declined Monday as the entertainment giant said that the replacement for Chief Executive Officer (CEO) Bob Iger will be named i ...

Key Takeaways Boeing shares advanced Monday on word the plane maker and its machinists tentatively have agreed to a new contract, which could end the union's five-week strike. The proposal gives the union workers a 35% pay raise and $7,000 ratification bonus. The strike has crippled the company, which announced cost-cutting moves and took steps to raise cash as the walkout slashed production. Boeing (BA) shares advanced 3% Monday afternoon as the plane maker and its 33,000-member machinists union struck a t ...

Core Insights - VF Corporation's shares declined after being placed on JPMorgan's "Negative Catalyst Watch" list, indicating concerns about the company's financial outlook [1][2] - JPMorgan analysts reduced their fiscal 2025 earnings per share (EPS) estimate for VF Corporation to 65 cents, which is 35% lower than the Wall Street consensus [1] - The analysts cited an 8% year-over-year revenue decline, which is also worse than consensus forecasts [1] Group 1: Financial Performance - The EPS estimate cut reflects ongoing challenges, with a noted decline in revenue impacting the company's financial health [1][2] - VF Corporation's shares fell nearly 7% in intraday trading and have lost close to 3% of their value since the beginning of the year [2] Group 2: Market Challenges - There are "continued wholesale challenges" at The North Face, with retailers hesitant to take inventory risks due to warmer weather conditions affecting sales [2] - The analysts observed "ongoing traffic headwinds globally" across VF Corporation's brand portfolio, which is negatively impacting direct-to-consumer revenues [2] Group 3: Analyst Rating - JPMorgan maintained a "neutral" rating on VF Corporation's stock, setting a price target of $16, suggesting a potential downside of about 12% from the current intraday price of $18.25 [2]

Analyst Estimates for Q3 2024Q2 2024Q3 2023Revenue$18.22 billion$16.87 billion$18.10 billionEarnings Per Share (Loss)($8.24)($2.33)($2.70)Net Income (Loss)($5.08 billion)($1.44 billion)($1.64 billion) Key Metric: Preliminary Results The same day it announced the layoffs, Boeing also issued preliminary results for the third quarter. The company expects revenue of $17.8 billion, lower than analysts' expectations, and a loss per share of $9.97, wider than estimates, as it says results will be impacted by th ...