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UPS, Comcast fall; GE Aerospace, Sherwin-Williams rise; Tuesday, 7/23/2024
Stocks that traded heavily or had substantial price changes on Tuesday:
United Parcel Service Inc. (UPS), down $17.50 to $127.68
The package delivery service increased its volume in the U.S. for the first time since 2022, but profit and revenue fell short of forecasts.
Sherwin-Williams Co. (SHW), up $22.15 to $344.50
The paint maker said it's seeing growth in demand from new residential customers and expects the momentum to continue.
Danaher Corp. (DHR), up $13.29 to $264.18
The life sciences company reported better-than-expected results, partly because of strength at its Cepheid molecular testing business.
GE Aerospace (GE), up $9.24 to $172
The company beat analysts’ estimates for profit in the spring and raised its forecast for earnings over the full year.
Comcast Corp. (CMCSA), down $1.02 to $38.51
The company reported lower-than-expected revenue, partly due to weaker results from its U.S. theme parks and studios.
Lockheed Martin Corp. (LMT), up $26.70 to $501.29
The defense contractor raised its estimates for full-year earnings and sales.
NXP Semiconductors NV (NXPI), down $21.51 to $262.30
The Netherlands-based chip company forecast results for its latest quarter that would fall below Wall Street's estimates.
Solventum Corp. (SOLV), up $2.51 to $56.64
Activist investor Nelson Peltz has reportedly taken a stake in the health-care company.
