Company News for May 19, 2023

Zacks Equity Research

Fri, May 19, 2023, 8:51 AM1 min read

In this article:

Take-Two Interactive Software Inc.’s (TTWO) shares soared 11.6% after posting fourth quarter fiscal 2023 adjusted earnings per share of $0.85, surpassing the Zacks Consensus Estimate of $0.68.
Copart Inc.’s (CPRT) shares climbed 7.8% after the company reported third quarter 2023 adjusted earnings per share of $0.72, outpacing the Zacks Consensus Estimate of $0.62.
Shares of ZTO Express (Cayman) Inc. (ZTO) gained 2% after reporting first quarter 2023 adjusted earnings per share of $0.34, exceeding the Zacks Consensus Estimate of $0.24.
Shares of Eagle Materials Inc. (EXP) surged 3.4% after the company posted fourth quarter fiscal 2023 adjusted earnings per share of $2.79, beating the Zacks Consensus Estimate of $2.35.

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Zacks Investment Research

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this year than it expected, and it has begun leasing Airbus jets to fill out its fleet. United forecast better-than-expected profit in the second quarter.
Associated Press Finance•2d ago
Trump Media stock jumps for second day as company goes to battle with short sellers
Trump Media is advising investors on ways to prevent their shares from being loaned for a short-interest position.
Yahoo Finance•3h ago
Billionaire Warren Buffett Recently Cut This Stock From Berkshire Hathaway's Portfolio. It Just Dropped 53% In 1 Day. Here's What Investors Need to Know.
The insurer was accused by a short-seller of "extensive" fraud.
Motley Fool•1d ago
Kinder Morgan (KMI) Beats on Q1 Earnings, Hikes Dividend
Kinder Morgan's (KMI) Q1 earnings gain from increased financial contributions from the Natural Gas Pipelines, Products Pipelines and Terminals business segments.
Zacks•4h ago
DJT Stock Jumps. The Truth Social Owner Is Showing Stockholders How to Block Short Sellers.
An FAQ on the Truth Social owner’s website gave stockholders multiple ways to avoid their shares being lent to short sellers.
Barrons.com•5h ago
The Most Active Stock Trader in Congress Is Buying Shares of This Magnificent Stock-Split Stock
Wall Street's most-prominent stock-split stock of 2024 has been purchased on three separate occasions by a lawmaker who completed over 4,200 trades last year.
Motley Fool•11h ago
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract
(Bloomberg) -- Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government and military with AI and cloud services.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to De
Bloomberg•7h ago
Lithium Americas Plunges After Shares Sold at Steep Discount
(Bloomberg) -- Lithium Americas Corp.’s stock plunged the most on record after agreeing to sell 55 million shares at a deep discount.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsShares of the lithium explorer fell as much as 27% to $4.82 as of 9:31 a.m. in New Y
Bloomberg•6h ago
Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w
Benzinga•5h ago
The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic
Federal Reserve Chair Jerome Powell earlier this week said that inflation’s proving sticky and that “recent data have clearly not given us greater confidence.”
Fortune•8h ago

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Company News for May 19, 2023

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United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

Trump Media stock jumps for second day as company goes to battle with short sellers

Billionaire Warren Buffett Recently Cut This Stock From Berkshire Hathaway's Portfolio. It Just Dropped 53% In 1 Day. Here's What Investors Need to Know.

Kinder Morgan (KMI) Beats on Q1 Earnings, Hikes Dividend

DJT Stock Jumps. The Truth Social Owner Is Showing Stockholders How to Block Short Sellers.

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Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'

The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic