07:31 AM EDT, 05/07/2024 (MT Newswires) -- Novanta ( NOVT ) reported fiscal Q1 adjusted earnings Tuesday of $0.74 per diluted share, flat with a year earlier. Three analysts polled by Capital IQ expected $0.58. Revenue for the quarter ended March 29 was $230.9 million, compared with $219.1 million a year earlier. Three analysts surveyed by Capital IQ expected $227.9...

(Reuters) -Spirit AeroSystems ( SPR ) reported a higher first-quarter cash burn on Tuesday, squeezed by lower 737 production at the aerospace supplier's biggest customer, Boeing ( BA ). Cash burn was $444 million for the three months ended March 28, compared with $69 million a year earlier, the Wichita, Kansas-based company said. Shares of the beleaguered supplier fell 4%...

BP PLC ( BP ) shares are trading lower after the company reported first-quarter FY24 results. Sales and other operating revenues came in at $48.88 billion, missing the consensus of $55.08 billion. Hydrocarbons production was 914 mboe/d (-5.7% Y/Y), with underlying production down 3.5% Y/Y mainly due to base decline partially offset by major projects, which started in 2023.  The Renewables pipeline stood at 58.5GW (bp net), including a 20.4GW bp net share of...

PARIS (Reuters) - Nissan ( NSANF ) is committed to staying in China but the company must change its strategy in the country, Nissan ( NSANF ) CEO Makoto Uchida told a business conference hosted by the Financial Times in Paris on Tuesday. Uchida added that Nissan ( NSANF ) was in talks with partner company Mitsubishi over further co-operation...