May 24, 2022

Balkan Travellers

Comprehensive up-to-date news coverage, aggregated from sources all over the world

American Airlines, Blackstone, AT&T and more

American Airlines, Blackstone, AT&T and more

Check out the companies making headlines before the bell:

American Airlines (AAL) – The US Dollar is up 10.5% in premarket trading after reporting a smaller-than-expected loss and profitability forecast for the current quarter.

United Airlines (UAL) — United lost an adjusted $4.24 per share in the first quarter, 2 cents more than expected, and the company’s revenue was just below expectations. However, United said it expects profitability to return this quarter as travel demand surges, and the stock rose 8.3% in the primary market.

Black stone (BX) — Shares of the private equity firm jumped 4% in the primary market after posting better-than-expected first-quarter earnings and returns, buoyed by strong results from its real estate and credit operations.

AT&T (T) — AT&T earned 63 cents a share for the first quarter, 4 cents above estimates, and also beat the top row. Those numbers exclude results from a now separate WarnerMedia unit, as AT&T benefits from increased wireless networking revenue. AT&T added 1.4% in pre-market activity.

Tesla (TSLA) – Tesla rose 7.4% in pre-market trading after posting record quarterly earnings and beating Wall Street’s top and bottom estimates. Tesla has warned that production will be restricted for the rest of the year due to a shortage of computer chips and other parts, but it expects delivery to increase.

Xerox (XRX) — Xerox fell 7.3% in premarket after reporting an adjusted quarterly profit of 12 cents per share, less than the consensus of 1 percent. The office equipment company has been hit by inflationary pressures and supply chain issues.

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Dow company (Dow) — The chemical company’s stock added 2.1% in premarket after beating estimates in both top and bottom earnings, buoyed by strong demand and rising prices.

sleep number (SNBR)–Sleep Number shares tumbled 10.6% in premarket trading after losing up and down for the last quarter. The mattress company earned 9 cents a share, well below the consensus estimate of 33 percent, with supply chain problems affecting its results.

Carvana (CVNA) — Carvana lost $2.89 a share for the fourth quarter, more than $1.44 a share analysts had expected. Revenue beat estimates, but the online car seller saw its first quarterly drop in sales. Carvana shares fell 5.1 percent in Premarket.

L Research (LRCX) — Lam Research slipped 11 cents from estimates with adjusted quarterly earnings of $7.40 per share and the chip maker’s revenue missed Wall Street expectations. Lam’s expenses increased as she spent more to deal with supply chain disruptions. Lamm lost 1.3% in the primary market.

CSX (CSX) — CSX beat estimates by 2 cents with quarterly earnings of 39 cents per share, and rail operator revenue beat expectations. CSX handled fewer shipments, but this was offset by higher freight rates. CSX stock rose 2.1% in pre-market trading.