div > div.group > p:first-child"> General Electric — Bank of America/Merrill Lynch cut its price target on GE to $12 per share from $13 a share after GE CEO Larry Culp said the company's industrial cash flow would be negative this year. J.P.
Abercrombie & Fitch — The clothing retailer beat estimates by 20 cents with adjusted quarterly profit of $1.35 per share, while revenue also beat forecasts. Comparable-store sales rose 3 percent, doubling the consensus estimate of analysts surveyed by Refinitiv. Ross Stores — Ross Stores beat estimates by 7 cents ahsre,with profit of $1.20 per share for its latest quarter. The discount retailer's revenue beat estimates, however Ross also said it is taking a"prudent approach" to 2019, noting tough comparisons and a competitive retail landscape.
Philip Morris — The tobacco producer circumvented an India ban on foreign direct investment by paying manufacturing costs to its Indian partner, according to internal company documents seen by Reuters.
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