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Boeing, Southwest, Novartis, Apple, Amazon and more



Check out the companies that make headlines before the clock:

20 per share and 3.38 cent shares for each share they now hold.

Boeing – A 737 MAX jet powered by Southwest Airlines made an emergency landing in Orlando due to an engine problem. Jeten had only two crew members on board and Southwest said the issue was not related to the computer system that has founded the jet of passenger service worldwide after two fatalities. Separately, Citi Boeing resumed coverage with a "buy" rating based on a multi-month foundation of the 737 MAX aircraft with a "manageable fix".

Southwest Airlines – The airline lowered its first quarterly forecast for REVPAR (revenue per vacant seat miles) due to its 737 MAX jet fleet. Southwest is the first carrier to report on the impact on its earnings from the Boeing jets being removed from service.

KB Hem – KB Home reported quarterly earnings of 31 cents per share, 5 cents per share over estimates. Homebuilder's revenue did not fall to base forecasts due to a decline in average sales prices. KB Home made a profit from a year earlier loss during the quarter.

Fiat Chrysler – Fiat Chrysler may be a potential takeover target for French automaker Renault, according to the Financial Times. The paper said Renault wants to re-start merger negotiations with longtime partner Nissan and then set up their views on a purchase to buy Fiat Chrysler.

J.C.. Penney – J. Penney, named former CFO Bill Wafford as new finance director, April 8. Former CFO Jeffrey Davis had left the dealer in October.

Novartis – Drugmaker won Food and Drug Administration approval for his new multiple sclerosis drug Mayzent, designed for patients whose attacks have shifted from intermittent to more frequent.

Amazon.com – Amazon and Volkswagen has formed a strategic partnership to create an "industrial bar" for automakers, according to a German newspaper. The report said that more details will be announced soon.

Apple – Apple won a judgment from the International Trade Commission (ITC) at the end of Tuesday in its protracted patent battle against chipmaker Qualcomm . Earlier in the day, in a separate patent ruling, ITC ruled in favor of Qualcomm.

Shoes Carnival – Shoes Carnival reported adjusted quarterly earnings of 11 cents per share, beating estimates by 5 cents per share. Revenues also came from analysts' forecasts. The same store sales increased by 4.7 per cent during the quarter.

DowDupont – DowDupont spin-off Dow Inc. will replace DowDupont in the Dow Jones Industrial Average when the chemical machine is split into three separate stock exchange companies next week.

Papa Johns – Stifel Nicolaus upgraded pizza chain store to "keep" from "sell" and says investors believe the worst is behind Dad John and that they are willing to give the company time to implement their sales plan.

Ralph Lauren – Wells Fargo upgraded the clothing retailer to "surpass" from "market performance", saying it likes the company's ability to accelerate growth.


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