SP - Crude Oil Down 2%; ConAgra Brands Earnings Top Views | Benzinga
U.S. stocks traded slightly lower toward the end of trading, with the Dow Jones index falling around 40 points on Thursday.
The Dow traded down 0.12% to 33,088.44 while the NASDAQ fell 0.23% to 13,206.10. The S&P 500 also fell, dropping, 0.23% to 4,253.86.
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Leading and Lagging Sectors
Real estate shares rose by 0.5% on Thursday.
In trading on Thursday, consumer staples shares dipped by around 1.8%.
Top Headline
ConAgra Brands Inc (NYSE: CAG) reported better-than-expected earnings for its first quarter on Thursday.
The company posted quarterly sales of $2.90 billion, flat Y/Y, versus the consensus of $2.95 billion. Adjusted EPS increased 15.8% to $0.66, beating the consensus of $0.60.
ConAgra reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75 (consensus $2.72).
Equities Trading UP
Orchard Therapeutics plc (NASDAQ: ORTX) shares shot up 98% to $16.00 after the company agreed to be acquired by Japan's Kyowa Kirin for $16.00 per ADS in cash plus an additional contingent value right of $1.00 per ADS.
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) got a boost, shooting 10% to $99.04 after the company reported better-than-expected first-quarter financial results.
SP Plus Corporation (NASDAQ: SP) shares were also up, gaining 45% to $51.28 after Metropolis Technologies announced it will acquire ...