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GE Aerospace is reaching new heights with a boost in shares over 4%. The company reported adjusted earnings of $1.49 per share, surpassing analyst expectations.
Despite last week’s major rally from Hertz Global Holdings, shares dipped nearly 2% on Monday after Bill Ackman’s significant investment led to a substantial surge.
Zions Bancorporation faced a nearly 4% decline following weaker-than-expected first-quarter results, missing forecasts by earning $1.13 per share.
Meanwhile, 3M saw its shares climb almost 6% with a standout first-quarter performance, surpassing revenue and earnings expectations with $1.88 per share on $5.78 billion in revenue.
In tech, Amazon shares grew almost 1% as the company adjusted plans regarding new data center leases, making strategic moves in its cloud infrastructure services.
Calix made a 15% leap in shares due to exceeding first-quarter earnings expectations with a promising outlook, reporting 19 cents per share on $220.2 million in revenue.
While Medpace Holdings experienced an 8% drop after reporting a decline in net new business awards, Verizon shrugged off subscriber losses to beat first-quarter earnings and revenue forecasts, showing confidence for year-end targets.
Lastly, Lockheed Martin shares rose over 3% thanks to robust first-quarter profits and a steady demand for its high-tech defense systems, hitting $17.96 billion in revenue, up 4.5% from the previous year.
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