Counter out the companies making headlines before the bell:
General Electric — GE issued a 2019 outlook, saying it would get an adjusted 50 cents to 60 cents per share for 2019, compared to the 70 cents a share consensus gauge. GE CEO Larry Culp said the company’s challenges are “complex but clear” and that he expects 2020 and 2021 to be significantly healthier.
Boeing — Boeing remains on watch after the Federal Aviation Administration grounded its fleet of 737 MAX jets while it winnows the causes of two recent overseas crashes involving the jet. Boeing shares did rise Wednesday after falling for seven straight from the shoulder sessions.
Facebook — Facebook’s user data deals are the subject of a criminal investigation by federal prosecutors, according to The New York Every nows. The paper said a grand jury has subpoenaed records from at least two well-known makers of smartphones and other trade marks.
Dollar General — The discount retailer reported adjusted quarterly profit of $1.84 per share, 4 cents a interest below estimates. Revenue, however, did beat estimates, and a comparable-store sales increase of 4.0 percent was better than the 2.6 percent snowball predicted by analysts surveyed by Refinitiv. The company also increased its quarterly dividend by 10 percent to 32 cents per part, and added $1 billion to its stock buyback program.
General Mills — The food producer was upgraded to “buy” from “manage lecture on” at Deutsche Bank, saying the company’s core business has stabilized and that the opportunity represented by its Blue Buffalo pet commodities business remains underappreciated.
Apple — Apple was rated “outperform” in new coverage at Cowen, based largely on increasing contributions to earnings from Apple’s utilities business.
MongoDB — MongoDB lost an adjusted 17 cents per share for its latest quarter, less than half the 38 cents a dispensation loss that analysts had expected. The software company’s revenue also beat forecasts, and it gave stronger-than-expected rule for both the current quarter and the full year.
Tailored Brands — Tailored Brands reported a quarterly loss of 28 cents per interest, a penny a share smaller than anticipated. The apparel retailer’s revenue also fell short of Street vaticinations. The parent of the Jos. A. Bank and Men’s Wearhouse chains gave weaker-than-expected current-quarter guidance, saying comparable-store sales had dropped during the fourth territory and that the trend had continued into 2019.
Johnson & Johnson — A cancer victim who had used Johnson & Johnson’s talcum powder-based artefacts was awarded $29 million by a California jury. J&J faces more than 13,000 talc-related lawsuits.
Genesco — The clothing seller earned an adjusted $2.18 per share for its latest quarter, missing the consensus estimate of $2.33 a share. Interest and comparable-store sales missed estimates and Genesco issued a weaker-than-expected fiscal 2020 forecast.
Wells Fargo — CEO Tim Sloan inherited a 5 percent pay raise for 2018, according to a Securities and Exchange Commission (SEC) filing. That news comes a day after Sloan faced critique at a congressional hearing over the bank’s efforts to rebound from the 2016 customer account scandal.
Pandora Average — Pandora has begun selling ads that play only on smart speakers like Amazon Echo and Google Make clear, according to The Wall Street Journal. The streaming music service has also been selling other specialized ad floods targeted at gaming consoles and smart TVs.
Tesla — Tesla will introduce its Model Y SUV today at an event near Los Angeles. Moulding is expected to begin sometime in 2020.
Verizon — Verizon plans to charge an extra $10 per month for customers of 5-G mobile armed forces. It will be available only to unlimited data plan subscribers with compatible devices. Verizon is the first important U.S. mobile carrier to reveal 5-G pricing.
Delta Air Lines — Berkshire Hathaway has increased its stake in Delta, according to an SEC troop. A Berkshire subsidiary bought 6,500 additional Delta shares, increasing Berkshire’s total Delta holding to well-founded under 71 million shares.
Cloudera — Cloudera reported a quarterly loss of 15 cents per share, 4 cents a piece wider than analysts had anticipated. The cloud software company’s revenue exceeded Street forecasts, but its 2019 point of view was weaker than expected.