Previous Close | 158.52 |
Open | 158.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 153.72 - 158.12 |
52 Week Range | 120.08 - 172.78 |
Volume | |
Avg. Volume | 870,318 |
Market Cap | 122.302B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 32.28 |
EPS (TTM) | 4.80 |
Earnings Date | Apr 25, 2024 |
Forward Dividend & Yield | 1.80 (1.14%) |
Ex-Dividend Date | Apr 19, 2024 |
1y Target Est | 176.30 |
French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX family of jets and competes with Pratt & Whitney on the Airbus A320neo series.
Airbus reported higher first-quarter profit and revenue, but results came in below what Wall Street was expecting. Airbus reported results just before noon ET Thursday in the U.S., after the European markets had closed for the day. France-based Airbus is still trouncing its U.S. rival on pure metrics so far this year.
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.