Howmet Aerospace Inc. ( HWM ) shares are trading higher after the company reported better-than-expected Q1 FY24 financial results. Revenue grew 14% Y/Y to $1.82 billion, beating the consensus of $1.736 billion, driven by growth in the commercial aerospace of 23% Y/Y. Revenue by Segments: Engine Products $885 million (+11% Y/Y); Fastening Systems $389 million (+25% Y/Y); Engineered Structures $262 million (+27%...

12:36 PM EDT, 05/02/2024 (MT Newswires) -- Patria Investments ( PAX ) shares fell nearly 5% on recent Thursday trading after the company reported lower Q1 results and a quarterly dividend cut. The company reported Q1 distributable earnings, a non-GAAP measure, of $0.21 per share, down from $0.27 a year earlier. Three analysts polled by Capital IQ expected $0.30. Revenue...

12:31 PM EDT, 05/02/2024 (MT Newswires) -- Spirit AeroSystems ( SPR ) filed a lawsuit late Wednesday to block a probe by Texas Attorney General Ken Paxton into the safety of the company's airplane parts provided to Boeing ( BA ) . The company called the Paxton's request for internal documents and other information unreasonable. The request violates Spirit's Fourth...

12:33 PM EDT, 05/02/2024 (MT Newswires) -- Shell (SHEL) exited its power value chain in China, including generation, trading and marketing businesses, at the end of 2023, a company spokesperson said in an emailed statement to MT Newswires on Wednesday evening. We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices,...