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Company News for Jan 20, 2023

Zacks Equity Research
·1 min read

  • Shares of The Procter & Gamble Company PG declined 2.1%, despite improving its sales guidance, as it warned about commodity costs putting pressure on its profits.

  • Shares of Devon Energy Corporation DVN rose 2.3% as the energy sector bucked the day’s trend.

  • Truist Financial Corporation’s TFC shares jumped 4.3% after reporting fourth-quarter fiscal 2022 earnings of $1.30 per share, which beat the Zacks Consensus Estimate of $1.28 per share.

  • Shares of NVIDIA Corporation NVDA slid 3.5% on the broader tech slump.

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Zacks Investment Research