div > div.group > p:first-child"> Dick's Sporting Goods — The sporting goods retailer earned an adjusted $1.07 per share for its latest quarter, beating the consensus estimate of $1.06 a share. Revenue also came in above Wall Street forecasts, but Dick's gave a weaker-than-expected full-year earnings outlook.
Boeing — Boeing's 737 MAX-8 jet is still considered airworthy by the Federal Aviation Administration, although the agency is mandating that ongoing software design changes that have been in the works for months be implemented by April. Australia is the latest country to suspend the jet from service, following a second fatal crash involving the MAX-8 over the weekend in Ethiopia.
Microsoft — Microsoft sued Taiwan's Foxconn for allegedly failing to make manufacturing royalty payments. Foxconn responded by saying that as a contract manufacturer, it has never had to pay royalties for using Microsoft software. ADT — ADT reported an unexpected loss for its fourth quarter, with revenue also falling below Wall Street forecasts. The security company also gave a weaker-than-expected revenue and earnings outlook for 2019, amid intensifying competition in the industry.
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Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures. Boeing needs to ground all these new 737's immediately Caution is warranted pending the investigation and review of the facts at hand. Dont be a hero
Source: MarketWatch - 🏆 3. / 97 Read more »