Southwest Airlines (NYSE:LUV) Expecting Q1 2023 Net Loss, Narrows Revenue Outlook

by

Southwest Airlines Co. (NYSE:LUV) said in a regulatory filing Tuesday it continues to expect a net loss, ‘excluding special items,’ in Q1, and has narrowed its operating revenue outlook to be up 21% to 23% from the previously expected outlook of an increase of 20% to 24%. Southwest Airlines said in its 8-K filing with … Read more

Tyson Foods (NYSE:TSN) will close two U.S. chicken plants involving nearly 1,700 employees

by

Tyson Foods (TSN. US) said Tuesday that it will close two U.S. chicken plants on May 12, involving nearly 1,700 employees combined. The closures of those plants show that the nation’s largest meat company is still grappling with how to improve its chicken business, which has struggled for years. According to a statement, Tyson Foods … Read more

Pfizer Inc. (NYSE:PFE) to Post Q1 2023 Earnings of $0.72 Per Share, Jefferies Financial Group Forecasts

by

Jefferies Financial Group lowered their Q1 2023 earnings estimates for shares of Pfizer in a note issued to investors on Friday, March 17th. Jefferies Financial Group analyst A. Tewari now anticipates that the biopharmaceutical company will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.78. Jefferies Financial Group … Read more

Deutsche Bank Maintains Micron Technology (Nasdaq:MU) “Hold” rating with a $55 price target

by

Deutsche Bank continues to see the dynamic decline in prices for DRAM and NAND chips as the biggest variable in Micron Technology’s (Nasdaq:MU) 2023 results. Deutsche Bank now expects challenges in the company’s fiscal second and third quarters, saying inventory adjustments for enterprise and cloud customers are well underway, while the latest industry survey shows … Read more