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Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.
Parent company Alphabet reported $80.5 billion in first-quarter revenue, an increase of 15% from the same period last year.
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.
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