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Company News for May 31, 2023

Zacks Equity Research
·1 min read

  • Shares of Skyline Champion Corporation (SKY) tumbled 10.6% after the company reported fourth-quarter fiscal 2023 revenues of $491.53 million, missing the Zacks Consensus Estimate of $492.50 million.

  • Elbit Systems Ltd.’s (ESLT) shares jumped 6.1% after the company reported first-quarter 2023 revenues of $139.5 million, surpassing the Zacks Consensus Estimate of $139 million.

  • Shares of Tesla, Inc. (TSLA) rose 4.1% on reports that the company’s CEO Elon Musk arrived in China after three years where he is expected to visit the Tesla Shanghai plant.

  • Newell Brands Inc.’s (NWL) shares gained 1.7% after the company announced that it will start restructuring and saving plans to “streamline” its North American distribution network.

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