GE Aviation to cut workforce by up to 13,000 jobs, or 25%
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- Wall St set to open higher as tech rebounds, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Stay long AI-capex winners into the peak, Stifel says despite bubble fears
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
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Spirit AeroSystems (SPR) Tops Q1 EPS by 43c, Revenues Beat
May 6, 2020 7:33 AM EDTSpirit AeroSystems (NYSE: SPR) reported Q1 EPS of ($0.79), $0.43 better than the analyst estimate of ($1.22). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.04 billion.
First Quarter 2020 Results Driven by 737 MAX Production Suspension & COVID-19
Delivered 324 shipsets compared to 453 shipsets... More