Check out the companies making headlines before the bell: Bank of America — Shares rose about 2% after Bank of America reported first-quarter results that exceeded analysts’ expectations , due to stronger-than-expected net interest income and trading revenue. The bank’s quarterly earnings rose 11% to $7.4 billion, or 90 cents per share, while its revenue increased 5.9% to $27.51 billion. Analysts polled by LSEG had called for earnings of 82 cents per share on revenue of $26.99 billion. Boeing — Shares of the aerospace company fell more than 3% after Beijing ordered Chinese airlines not to take more deliveries of Boeing planes and to halt purchases of aircraft equipment from U.S. companies, according to a Tuesday Bloomberg report . Dow — The chemical stock slid more than 4% after a downgrade to underperform from buy at Bank of America. The investment firm said Dow is facing a “perfect storm” of negative factors, including a weakening economy and higher barriers to trade. Citigroup — Shares rose after the bank reported better-than-expected results, driven by gains at its fixed income and equities trading units. Citi earned $1.96 per share on revenue of $21.50 billion. Analysts estimated the bank would earn $1.85 per share on $21.29 billion in revenue. Johnson & Johnson — Shares slipped 1% after Johnson & Johnson increased its sales forecast, but left its full-year earnings guidance unchanged. The pharmaceutical giant beat expectations, reporting earnings of $2.77 per share on revenue of $21.89 billion, while analysts surveyed by LSEG called for earnings of $2.59 per share on revenue of $21.56 billion. The company’s chief financial officer told The Wall Street Journal that it expects costs of about $400 million this year related to tariffs on medical devices. Netflix — Shares of the streaming giant rose 2% after The Wall Street Journal reported that Netflix aims to achieve a $1 trillion market capitalization and double its revenue, from $39 billion last year, by 2030. The company also is targeting $9 billion in global ad sales by 2030, the report said, citing people who attended Netflix’s annual business review meeting last month. Albertsons — Shares of the grocery store chain dropped 5% after Albertsons gave full-year earnings guidance that was below expectations. The company said it expects earnings of between $2.03 and $2.16 per share, excluding items, while analysts polled by FactSet expected earnings of $2.28 per share. Albertsons still exceeded earnings and revenue forecasts for its fiscal fourth quarter. — CNBC’s Jesse Pound contributed reporting.
Add A Comment
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Popular Post
© 2025 incapitalquest.com – All rights reserved.
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Popular Post
© 2025 incapitalquest.com – All rights reserved.