This article highlights the performance of various companies in premarket trading, focusing on significant gains and losses. American Airlines shares dropped after a wider-than-expected loss projection, while GE Aerospace surged on strong quarterly results. Alaska Air Group, Electronic Arts, AST SpaceMobile, Plexus, and Guidewire Software also saw notable movements.
American Airlines shares plummeted 8% in premarket trading after the airline projected an adjusted loss of 20 cents to 40 cents per share for the first quarter, exceeding the 2 cent loss anticipated by analysts. However, American Airlines did deliver an earnings and revenue beat for the fourth quarter. In contrast, GE Aerospace shares surged over 9% following fourth-quarter results that outperformed analyst expectations on both earnings and revenue.
GE Aerospace reported adjusted earnings per share of $1.32 on revenue of $9.88 billion. Analysts polled by LSEG had predicted earnings of $1.04 per share and $9.51 billion in revenue. Alaska Air Group shares also saw a positive movement, advancing approximately 2% on the back of better-than-expected quarterly results. The airline company further anticipates a smaller-than-expected loss per share of 70 cents to 50 cents in the current quarter, while analysts polled by FactSet had projected a loss of 75 cents. Electronic Arts stock experienced a sharp decline of 17% after the video game publisher scaled back its third-quarter and full-year guidance for net bookings. The company attributed the slowdown to a decline in its football gaming franchise. AST SpaceMobile shares dipped 17% following the satellite company's announcement of a $400 million convertible note offering. Plexus shares fell 9% after issuing a disappointing revenue outlook for the second quarter. Plexus projects revenue in the range of $960 million to $1 billion, falling short of the $1.60 billion anticipated by analysts polled by FactSet. In a separate development, Guidewire Software shares rose nearly 5% before the opening bell after Goldman Sachs initiated coverage with a buy rating. Analyst Adam Hotchkiss highlighted the company's position as a leader in cloud modernization for the property and casualty insurance sector.
AMERICAN AIRLINES GE AEROSPACE ALASKA AIR GROUP ELECTRONIC ARTS AST SPACEMOBILE
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delta Airlines Tops North American Airlines for On-Time PerformanceCirium's 2024 On-Time Performance Review highlights Delta Airlines as the most punctual airline in North America for the fourth consecutive year.
Read more »
American Airlines Wing Clips United Airlines Tail at O'Hare AirportAn American Airlines flight's wing clipped the tail of a United Airlines flight at O'Hare airport on Wednesday morning. No injuries were reported, and passengers on the American Airlines flight were rebooked on a replacement aircraft. The FAA is investigating the cause of the collision.
Read more »
American Airlines Grounded Nationwide Due to Technical Issue on Christmas EveA technical issue caused a nationwide ground stop for all American Airlines flights on Christmas Eve morning, disrupting holiday travel plans for millions.
Read more »
American Airlines up and running after technical glitch grounded flights nationwidePolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Technical Issue Disrupts American Airlines Flights NationwideA 'technical issue' briefly disrupted American Airlines flights nationwide early on Tuesday, the airline said, at the start of a busy Christmas Eve for travelers around the country. American requested a ground stop for all its flights, which were later resumed after an hour. The airline apologized for the inconvenience caused by the vendor technology issue, which has since been resolved.
Read more »
American Airlines resumes flights after nationwide 'technical issue' on Christmas Eve morningA 'technical issu' disrupted American Airlines flights nationwide on Tuesday.
Read more »