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Chevron Falls on 'Messy' Quarter Results, Riot Platforms Higher, Spirit Airlines Nears Shutdown
Published 1 month, 3 weeks ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers, we recap several earnings after the bell:
- Chevron (CVX) fell after it reported first-quarter results that analysts see as “messy” with large paper losses from commodity prices, but adjusted earnings per share that beat on downstream strength
- Riot Platforms (RIOT) shares rose as much as 12% to the highest price since January after it reported first-quarter total revenue that beat the average analyst estimate as Advanced Micro Devices expanded its data center lease with the company.
- Spirit Airlines (FLYQ) shares fell as the budget airline prepares to shutdown. President Donald Trump said he delivered a final proposal to rescue Spirit Aviation Holdings Inc. but would only proceed if it’s a good deal for the US government — comments that cloud the fate of any bailout as the low-budget carrier lays the groundwork to end operations.
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