div > div.group > p:first-child"> Tesla — Tesla shares plummeted 8% in midday trading on Thursday after the automotive company announced that it delivered 63,000 cars in the first quarter, well below a FactSet estimate of 76,000. Model 3 deliveries also disappointed analysts, coming in at 50,900.
Constellation Brands — Shares of Constellation Brands rose 3.42% after the Corona beer owner announced the sale of 30 of its wine brands to E&J Gallo Winery for $1.7 billion. The company also reported earnings per share of $1.84, 13 cents above a Refinitiv estimate. Office Depot — Shares of Office Depot dropped 19.50% after the company released preliminary first-quarter results that disappointed investors. The company said it sees revenues for the quarter at $2.76 billion, below a Refinitiv estimate of $2.82 billion. Office Depot added it expects operating income to come in at $65 million, well below a FactSet estimate of $108 million. The retailer cited a poor operating performance from its CompuCom division.
Micron Technology — Shares of Micron dropped nearly 3% after the stock was downgraded to underweight from neutral at Morgan Stanley. The bank said that the chipmaker's rally has gone too fast for too long in the midst of growing inventory challenges.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: CarMax, BlackBerry, GM, Wells Fargo & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »