Last Updated on April 26, 2023 by Bitfinsider
Boeing — Boeing shares jumped 3.7% in premarket trade after the firm reported its latest quarterly results and announced that, despite a manufacturing hiccup, it would expand production of 737 Max jets later this year. The company reported an adjusted loss of $1.27 per share and revenue of $17.92 billion. Refinitiv surveyed analysts predicted a $1.07 loss per share on $17.57 billion in revenue.
Activision Blizzard — Activision Blizzard shares fell 10.4% in premarket trading after a UK regulator banned Microsoft’s acquisition of the video game publisher. “The final decision to prevent the deal comes after Microsoft’s proposed solution failed to effectively address the concerns in the cloud gaming sector,” the UK’s Competition and Markets Authority concluded.
First Republic Bank — The damaged regional bank shares fell 10% before the bell, potentially weighing on the broader banking sector. First Republic Bank stated on Monday that its deposits fell 40% to $104.5 billion in the first quarter, and the shares dropped nearly half its value on Tuesday.
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