Shares of semiconductor company Broadcom Inc ( AVGO ) are moving higher Thursday following strong second-quarter financial results. Multiple analysts also raised price targets following the print. Q2 Revenue: $12.487 billion, beating estimates of $12.028 billion Q2 EPS:  $10.96, beating estimates of $10.84 Broadcom ( AVGO ) said it generated $4.58 billion in cash from operations during the quarter. The company...

09:14 AM EDT, 06/13/2024 (MT Newswires) -- Ryder System (R) said Thursday it now expects its long-term adjusted return on equity of 20% to 22% over the cycle, up from its prior range of 17% to 19%. The company's transformed business model, strategic initiatives, and expected benefits from the cycle upturn will help it surpass previous peak-cycle returns, Chairman and...

09:15 AM EDT, 06/13/2024 (MT Newswires) -- Alaska Air Group ( ALK ) said Thursday it has launched daily nonstop flights between Anchorage, Alaska, and New York's John F. Kennedy International Airport through August 19. Price: 41.50, Change: -0.01, Percent Change: -0.02 ...

Virgin Galactic Holdings Inc ( SPCE ) shares are trading lower Thursday after the company announced a reverse stock split. What Happened: After the market close on Wednesday, Virgin Galactic ( SPCE ) announced that its board approved a 1-for-20 reverse stock split, effective after the market close on June 14. As a result of the split, every 20 shares...