FedEx, Johnson and Johnson slump while General Mills rises
Posted March 20, 2019 1:54 pm.
This article is more than 5 years old.
NEW YORK — Stocks that moved substantially or traded heavily on Wednesday:
FedEx Corp., down $6.34 to $175.07
The package delivery company said weaker global trade cut into profit and revenue, which fell shy of Wall Street forecasts.
General Mills Inc., up $1.05 to $48.29
The consumer goods company raised its forecast for the year, citing cost cuts and higher prices.
Viacom Inc., down $1.51 to $26.01
The cable television operator warned DirecTV customers that they could lose certain channels if the companies can’t agree on a new contract.
E.W. Scripps Co., down 62 cents to $21.87
The media company is buying eight television stations from Nexstar Media Group, including an affiliate in New York City.
AAR Corp., down $1.93 to $33.17
The airplane maintenance company’s profit and revenue forecast for 2019 fell short of analysts’ expectations.
Johnson & Johnson, down $1.15 to $137.29
The health care company received an FDA warning letter over post-approval study requirements for its breast implants.
Steelcase Inc., down $2.37 to $15.11
The furniture maker issued a full-year profit forecast that fell mostly short of Wall Street expectations.
Smartsheet Inc., up $2.25 to $45.69
The cloud software company reported a narrower-than-expected fourth-quarter loss and revenue beat analysts’ forecasts.
The Associated Press
