U.S. less-than-truckload carrier Old Dominion Freight Line reported first-quarter revenue below above Wall Street estimates on Wednesday, as the company hauled less weight and shipments in the quarter.
TE Connectivity beat Wall Street estimates for second-quarter profit on Wednesday, helped by strong demand for its sensor technology from electric vehicle (EV) makers across the globe.
The U.S. dollar regained some lost ground on Wednesday following big falls against the euro and sterling the day before, while the yen remained mired near 34-year lows even as Japanese officials stepped up intervention warnings.
Boeing’s lower 737 MAX production will slow the pace of its recovery, as it faces a “difficult” period following a harrowing mid-air blowout on one of its jets in January, CEO Dave Calhoun told employees on Wednesday.
Avery Dennison beat first-quarter profit estimates on Wednesday, benefiting from strong demand for its labeling and packaging products as clients reduced their pandemic inventories.
Britain’s competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
Heavy industrial parts maker Wabtec raised its full-year profit forecast on Wednesday, owing to strong demand in the company’s freight segment, sending its shares up 7% in premarket trading.
Exchange operator CME Group reported an increase in first-quarter adjusted profit on Wednesday, helped by record growth in futures and options contracts tied to U.S. Treasuries and higher commodity markets trading activity.
Thermo Fisher on Wednesday beat Wall Street estimates for quarterly profit and raised its annual profit forecast, betting on improved demand for its products and services used in drug development and sending shares up about 4% premarket.
Hasbro reported a smaller-than-expected drop in first-quarter sales and easily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys.
