Spirit AeroSystems reported a higher first-quarter cash burn on Tuesday, squeezed by lower 737 production at the aerospace supplier’s biggest customer, Boeing.
Nissan is committed to staying in China but the company must change its strategy in the country, Nissan CEO Makoto Uchida told a business conference hosted by the Financial Times in Paris on Tuesday.
Nikola missed Wall Street expectations for first-quarter revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an uncertain macroeconomic outlook and reduced spending by customers.
Apple plans to hold a virtual event on Tuesday where it is expected to show new iPad models, some of which could come with a new chip aimed at speeding up artificial intelligence tasks carried out on the devices.
Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year but its shares fell as the luxury sports car maker failed to excite investors despite what its CEO called a “very positive” start of the year.
Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity.
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands.
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold.
Brazilian planemaker Embraer reported a smaller adjusted net loss for the first quarter on Tuesday, helped by a surge in aircraft deliveries, and reaffirmed its outlook for the full year.
Walt Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 6% before the bell on Tuesday.
