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Oracle Drops, UPS Falls, Centene Climbs After Boost to Profit Outlook
Description
On this episode of Stock Movers:
- Oracle (ticker ORCL) shares drop. Shares in OpenAI partners such as SoftBank Group Corp. and Oracle Corp. tumbled after the Wall Street Journal reported that OpenAI recently failed to meet targets for sales and new users.
- UPS (ticker UPS) shares fall. United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street's first-quarter sales and profit expectations. The company still expects revenue of $89.7 billion this year and an adjusted operating margin of about 9.6%, and has saved about $600 million as a result of network changes.
- Centene (ticker CNC) shares climb. The health insurer boosted its adjusted earnings per share forecast for the full year. The firm also posted adjusted profit and revenue for the first quarter that beat Wall Street’s expectations.
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