News Highlights: Top Company News of the Day - Tuesday at 9 AM ET

PulteGroup Stock Jumps on Earnings Beat. 'Shortage of Several Million Homes' Spurs Demand. 
 

PulteGroup CEO Ryan Marshall says it's estimated the U.S. 'has a structural shortage of several million homes."

 
Lockheed Crushes Sales and Earnings Estimates. Growth Is Solid. 
 

The defense giant's first-quarter earnings of $6.39 a share top Wall Street forecasts of $5.78.

 
GE Aerospace Stock Surges on Earnings Beat and Raise 
 

GE Aerospace and GE Vernova just reported their last quarter together, and for the most part it was better than expected.

 
Kuehne + Nagel Says Market Remains Challenging Despite Slight Demand Uptick 
 

The Swiss freight forwarder stepped up cost-efficiency measures in the first quarter as the industry faces headwinds from the Ukraine war and Red Sea tensions.

 
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings 
 

Pickup trucks and resilient consumer spending powered GM's 24% increase in quarterly profit, but China remains a trouble spot.

 
UPS reports profit beat despite lower-than-expected revenue 
 

UPS's stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.

 
Pulte's stock rises premarket as home builder cites housing shortage boost 
 

Shares looked to advance after Pulte beat estimates and grew its backlog to $8 billion.

 
Starbucks Leads Business Opposition to Pro-Worker Labor Board 
 

The coffee chain is looking to the Supreme Court to limit the NLRB, as SpaceX, Amazon and others take swings in additional disputes.

 
JetBlue Stock Tumbles After Earnings Report. Here's Why. 
 

The carrier posted a narrower-than-expected loss in the first quarter.

 
Apple iPhone Sales Slump in China Amid Huawei's Comeback 
 

Apple's smartphone sales in the world's largest smartphone market dropped sharply, placing the company third overall behind local rivals, Vivo and Honor.

(END) Dow Jones Newswires

April 23, 2024 09:15 ET (13:15 GMT)

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