Company news from June 3, 2022

  • Hewlett Packard Enterprise Company’s HPE shares plunged 5.2% after it issued a grim full-year outlook citing currency headwinds and its exit from Russia.
  • Shares of Ciena Corporation CIEN fell 1.3% after reporting adjusted earnings of $0.50 per share in the second quarter of fiscal 2022, missing Zacks consensus estimate of $0.54 per share .
  • SPTN shares of SpartanNash Company rose 5.5% after reporting earnings of $0.83 per share in the first quarter of 2022, beating Zacks’ consensus estimate of $0.65 per share.
  • Shares of Ford Motor Company F jumped 2.5% after announcing it would invest $3.7 billion in assembly plants in Michigan, Ohio and Missouri.

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Ford Motor Company (F): Free Inventory Analysis Report

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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