Dominion Energy lowered its operating earnings outlook for the second quarter. Nike Inc reported a sharp decline in quarterly earnings but the company hiked its dividend. Constellation Brands forecasted a decline in wine and spirit sales but beer sales to rise in its fiscal year.
Berkshire Hathaway increased its stake in Occidental Petroleum. Overstock..com completed its purchase of Bed Bath & Beyond brand. Micron Technology reported mixed quarterly results.
Serco Plc lifted its revenue and earning outlook for the first-half and full-year. H&M reported better-than-expected results in the latest quarter. Renault lifted its operating margin outlook for the year.
AeroVironment swung to a quarterly loss but forecasted annual profit in the current year. General Mills estimated moderate increase in sales and earnings in fiscal year 2024.
Walgreens forecasted weaker earnings in the fiscal fourth quarter citing lower Covid-19 volume and macroeconomic headwinds. Lordstown Motor filed for chapter bankruptcy protection.
Wise Plc jumped after the payment processing company reported a sharp jump in its annual earnings. Porsche Automobil signed a revolving credit agreement to improve its liquidity position.
Energy stocks were in focus after crude oil and natural gas traded volatile after Russian ended paramilitary group mutiny. China-linked stocks extended losses after indexes in Shanghai and Hong Kong extended losses.
Euronext agreed to sell its stake in the French unit of clearing company LCH Group. Associated British Foods lifted its annual outlook. Aston Martin struck a deal with Lucid Group to make high performance vehicles.
CarMax reported a decline in revenue and earnings after unit vehicle sales and comparable store sales fell. Accenture hiked its dividend and continued its stock repurchase activity. Starbucks faces strike at some stores.
ThyssenKrupp is preparing to list its hydrogen unit on a stock exchange. GSK settled a lawsuit related to Zantac. Siemens Energy withdrew its annual outlook.
Spirit AeroSystems halted production at one of its plants after workers voted to strike. Darden Restaurants reported better-than-expected sales driven by a rebound in sales at its chain of steakhouse.
Cava Group soared on the first day of trading. Lennar lifted its annual outlook. John Wiley & Sons announced a restructuring plan after quarterly sales dropped.
Toyota shareholders reelected chairman Akio Toyoda and endorsed a new electric vehicle strategy. The European Commission sought a break up of Google's ad tech business in Europe. UnitedHealth signaled elevated non-emergency surgeries.
GameStop was in focus after chairman Ryan Cohen added more stake in the company. Oracle Corp reported better-than-expected sales and earnings. Energy complex stocks advanced after crude oil rebounded.
