Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon's stock is down more than 3%. Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on...
Airbus CFO says A350 plane production increase not tied to Boeing troubles
Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according to the French plane maker's chief financial officer. Toulouse-based Airbus on Thursday announced plans to increase its production rate for the long-range aircraft to 12 units per month in...
We’re lowering our Honeywell price target after earnings. The risk-reward is still favorable
Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Revenue for the three months ended March 31 totaled $9.1 billion, topping Wall...
Meta to report first-quarter results after the bell
Meta will report first-quarter results after the bell Wednesday. Here's what analysts are expecting. Earnings per share: $4.32, according to LSEG. Revenue: $36.16 billion, according to LSEG. Daily active users (DAUs): 2.12 billion, according to StreetAccount Monthly active users (MAUs): 3.09 billion, according to StreetAccount Average revenue per user (ARPU):...