Discover which companies are making waves and capturing attention before the market opens:
Bank of America — Enjoy a 2% boost in shares as Bank of America surpasses first-quarter predictions, thanks to impressive net interest income and trading revenue. Their earnings climbed 11% to reach $7.4 billion or 90 cents per share, surpassing analyst projections of 82 cents per share on revenue of $26.99 billion.
Boeing — Experience a 3% dip in shares of this aerospace titan as Beijing instructs Chinese airlines to halt deliveries of Boeing planes and stop purchasing aircraft equipment from U.S. companies, as reported by Bloomberg.
Dow — Witness a decline of over 4% in Dow’s stock as it’s downgraded to underperform by Bank of America, citing a “perfect storm” of challenges including a weakened economy and increased trade barriers.
Citigroup — Rejoice in Citigroup’s success as shares climb following stronger-than-anticipated results fueled by gains in fixed income and equities trading. The bank earned $1.96 per share on $21.50 billion in revenue, topping analyst estimates of $1.85 per share on $21.29 billion.
Johnson & Johnson — Shares take a slight 1% dip, despite exceeding expectations with earnings of $2.77 per share on $21.89 billion in revenue. Johnson & Johnson increased its sales forecast but maintained its full-year earnings guidance, with $400 million in anticipated tariff costs.
Netflix — Embrace a 2% rise in shares as Netflix unveils ambitions to reach a $1 trillion market cap and double its revenue to $78 billion by 2030. They’re also targeting $9 billion in global ad sales, inspired by insights from their recent annual business review meeting.
Albertsons — Face a 5% drop in shares as Albertsons releases a full-year earnings forecast that falls short of expectations, predicting earnings between $2.03 and $2.16 per share, compared to analyst expectations of $2.28 per share. Nevertheless, they exceeded earnings and revenue projections for the fiscal fourth quarter.
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