Company News for July 20, 2022

  • Shares of The Boeing Company BA jumped 5.7% following deals it struck at the Farnborough International Airshow to supply jets to its 777 partners.
  • NVS shares of Novartis AG rose 4% after posting adjusted earnings of $1.56 per share in the second quarter of 2022, beating the Zacks consensus estimate of $1.51.
  • Shares of Truist Financial Corporation TFC gained 2.6% after posting adjusted earnings of $1.20 per share in the second quarter of 2022, beating Zacks’ consensus estimate of $1.17.
  • IBM shares of International Business Machines Corporation plunged 5.3% after the company announced it had lowered its cash forecast, citing the situation in the US dollar and Russia.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson