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Top Midday Stories: Boeing Core Loss Widens, Revenue Falls in Q4; General Motors Provides Upbeat Full-Year Guidance
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Top Midday Stories: Boeing Core Loss Widens, Revenue Falls in Q4; General Motors Provides Upbeat Full-Year Guidance
Jan 28, 2025 9:06 AM

11:52 AM EST, 01/28/2025 (MT Newswires) -- All three major US stock indexes were up in late morning trading on Tuesday as investors attempt to claw back Monday losses stemming from the emergence of Chinese artificial intelligence startup DeepSeek.

In company news, Boeing ( BA ) reported a Q4 core loss Tuesday of $5.90 per share, widening from a loss of $0.47 a year earlier and worse than the loss of $3.22 expected by analysts surveyed by FactSet. Fourth-quarter revenue was $15.24 billion, down from $22.02 billion in the year-ago period and below the FactSet consensus of $15.64 billion. Boeing ( BA ) shares were up 4.5% around midday.

General Motors ( GM ) reported Q4 adjusted earnings Tuesday of $1.92 per diluted share, up from $1.24 a year earlier and above the FactSet consensus estimate of $1.85. Fourth-quarter revenue was $47.70 billion, up from $42.98 billion in the year-ago period and above the FactSet consensus of $44.98 billion. The company said it expects 2025 adjusted EPS of $11 to $12. Analysts polled by FactSet are looking for $10.86. General Motors ( GM ) shares were down past 11%.

Microsoft ( MSFT ) is considering an acquisition of TikTok, President Donald Trump said Monday, according to media reports. Separately, Microsoft ( MSFT )-backed OpenAI unveiled ChatGPT Gov, which it said is designed to provide US government agencies with an extra way to access OpenAI's frontier models. Microsoft ( MSFT ) shares were up 1.9%.

Brighthouse Financial ( BHF ) is working with bankers at Goldman Sachs ( GS ) and Wells Fargo ( WFC ) to consider offers to sell itself entirely or raise minority equity, the Financial Times reported Tuesday, citing two people familiar with the matter. Brighthouse shares were up nearly 17%.

RTX (RTX) reported Q4 adjusted earnings Tuesday of $1.54 per diluted share, up from $1.29 a year earlier and above the FactSet consensus estimate of $1.38. Fourth-quarter net sales were $21.62 billion, up from $19.93 billion in the year-ago period and above the FactSet consensus of $20.54 billion. The company said it expects 2025 adjusted EPS of $6 to $6.15. Analysts polled by FactSet expect $6.09. RTX shares were up 2.2%.

SAP (SAP) reported Q4 non-IFRS earnings from continuing operations on Tuesday of 1.40 euros ($1.46) per share, up from 1.12 euros a year earlier and above the FactSet consensus analyst estimate of 1.34 euros. Fourth-quarter revenue was 9.38 billion euros, up from 8.47 billion euros a year earlier and above the FactSet consensus of 9.12 billion euros. SAP shares were down 0.7%.

Price: 182.78, Change: +7.62, Percent Change: +4.35

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