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Company News for Apr 5, 2023

Zacks Equity Research
·1-min read

  • Ford Motor Co.’s (F) shares rose 0.3% after the company reported that its auto sales increased 10.1% year-over-year in first-quarter 2023 buoyed by strong EV, SUV and truck sales.

  • Johnson & Johnson’s (JNJ) shares gained 1.1% after proposing $8.9 billion to settle long-running litigations alleging its talcum powder caused cancer.

  • Shares of Gerdau S.A. (GGB) fell 2.6% after the company posted fourth-quarter 2022 adjusted earnings per share of $0.22, missing the Zacks Consensus Estimate of $0.24.

  • Shares of AMC Entertainment Holdings, Inc. (AMC) plunged 23.5% after the company agreed to settle litigation and decided to convert its preferred stock into common shares.      

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