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.
Zacks’ Top Picks for Leveraging Electric Vehicles
A lot of money has already been made in the electric vehicle (EV) industry. But the electric vehicle revolution has not yet reached full steam. There’s a lot of money to be made as the next push for future technologies gathers pace. Zacks special report reveals 5 top investors
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