Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of GE Vernova (GEV) moved higher in premarket trading after the company reported revenue for the first quarter that beat the average analyst estimate, while also lifting guidance for the rest of the year.
- AT&T Inc. (T) reported revenue and profits in the first quarter that beat analysts’ estimates, as the No. 3 US wireless carrier continued to expand its fiber footprint and sell customers on its convergence strategy of subscribing to multiple products at once. Dallas-based AT&T said revenue rose 2.9% to $31.5 billion, just ahead of Wall Street’ projections of $31.25 billion. Sales were buoyed by growth in wireless phone and home internet service, including accounts from last year’s purchase of the fiber business of Lumen Technologies Inc., which closed in February, the company said in a statement on Wednesday.
- Shares of United Airlines (UAL) rallied in early US trading despite slashing its full-year profit forecast as higher fuel prices caused by war in the Middle East batter global carriers. The Chicago-based airline now expects full-year adjusted earnings of $7 to $11 a share. It previously expected its full-year earnings per share for 2026 to be in a range of $12 to $14. The more cautious outlook puts United broadly in line with peers grappling with the same pressures. Delta Air Lines Inc. decided to not update its full year outlook, citing uncertainty tied to fuel costs and geopolitical tensions, while Alaska Air Group Inc. pulled guidance for 2026 altogether.
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