Check out the companies that are trending in intraday trading. General Motors – Shares rose more than 4% after the automaker’s first-quarter results beat analysts’ expectations. General Motors had revenue of $43.01 billion and adjusted earnings per share of $2.62. Analysts had expected earnings of $2.15 per share and revenue of $41.92 billion, according to LSEG. The company also raised its forecast for adjusted auto free cash flow to $8.5 billion to $10.5 billion, up from its previous estimate of $8 billion to $10 billion. GE Aerospace — Aircraft supplier shares rise 8% after LSEG announced first-quarter adjusted earnings of 82 cents per share, beating consensus estimates of 65 cents per share Did. GE Aerospace’s revenue was $16.1 billion, beating analysts’ estimates of $15.14 billion. PepsiCo — Snack and beverage stocks fell his 3% despite a better-than-expected first quarter. PepsiCo reported adjusted earnings per share of $1.61, beating analysts’ expectations of $1.52, according to LSEG. Despite the strong first quarter, PepsiCo kept its full-year outlook unchanged. Novartis — The Swiss drugmaker’s U.S.-listed shares rose 2% after Novartis raised its full-year outlook. JetBlue Airways — Shares plunged 19% after the airline cut its revenue forecasts for the second quarter and full year of 2024. JetBlue Airways’ first-quarter revenue was in line with expectations, but its adjusted loss per share was smaller than analysts expected. , according to LSEG. CLEVELAND-CLIFFS — The steelmaker fell 11% after reporting lower first-quarter profits and sales. The Cleveland Cliffs’ adjusted earnings were 18 cents a share on revenue of $5.2 billion, while analysts surveyed by LSEG expected earnings of 22 cents a share on revenue of $5.35 billion. Nucor — Shares fell 9% after the steelmaker missed first-quarter earnings and revenue expectations. Nucor also said it expected second-quarter profits to decline due to lower average selling prices in its steelmaking division, only partially offset by a modest increase in production. Danaher — This life sciences company soared 7% after first-quarter results beat analysts’ expectations. Danaher reported adjusted earnings of $1.92 per share on revenue of $5.8 billion. That beat analysts’ estimates of $1.72 per share and revenue of $5.62 billion, according to FactSet. Spotify — The streaming music company easily beat revenue estimates and soared 11%. Spotify reported first-quarter earnings of 97 euro cents per share, compared to analysts’ expectations of 65 euro cents, according to LSEG. Spotify’s gross profit margin for the quarter also exceeded expectations. Sherwin-Williams — The paint and coatings maker posted first-quarter adjusted earnings of $2.17 per share, missing consensus estimates of $2.22 per share, according to FactSet. % fell. Sherwin-Williams’ sales of $5.37 billion also fell short of analysts’ expectations of $5.5 billion. Roblox — Shares rose 4% after JPMorgan upgraded the gaming platform to an overweight rating. The bank believes recent investor skepticism has contributed to the stock’s decline of around 20% since the beginning of the year, but it now presents an attractive entry point. Sunnova Energy — The solar power stock rose nearly 3%. KeyBanc Capital Markets downgraded Sunnova Energy from overweight to sector weight, citing concerns about residential solar stocks, especially ahead of first-quarter earnings. Sunnova is already down more than 74% this year. LKQ — The aftermarket auto parts distributor fell 15% after first-quarter results fell short of analysts’ expectations. LKQ’s adjusted earnings were 82 cents per share on revenue of $3.7 billion, while analysts expected earnings of 95 cents per share and revenue of $3.76 billion, according to FactSet. Was. MSCI — The investment index company fell 13% after reporting earnings that fell short of Wall Street expectations. In the first quarter, MSCI had revenue of $680 million, compared to analysts’ estimates compiled by FactSet of $685.5 million. Earnings came to $3.52 per share, 5 cents more than expected. —CNBC’s Michelle Fox, Sarah Ming and Jesse Pound contributed reporting.
Stocks with the biggest price movements at noon: SPOT, JBLU, DHR, GM
