EARLY MOVERS: Boeing pops after raising dividend and boosting buybacks

Darden Restaurants rise on strong earnings and upward revision to 2019 guidance

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Boeing shares rise on increase in dividend and higher buybacks

Shares of The Boeing Co (NYSE:BA) popped Tuesday after the airline and defense behemoth raised its dividend by 20% and replaced an existing $18 billion share repurchase program with a new $20 billion plan. Boeing will pay a dividend of $2.055 per share. Boeing said it purchased around $9 billion worth of shares under the previous plan and expects buybacks to continue in January. The company is the world's biggest airline manufacturer and the second biggest arms producer.

Shares of Boeing were up almost 2.4% to $323.94 in premarket.

READ: Boeing shares take off as airplane giant surpasses Street expectations on earnings and revenues

Oracle Corporation (NYSE:ORCL) shares climbed after the company reported second-quarter results which beat expectations. The company reported fiscal second-quarter net income of $2.33 billion, or 61 cents a share, compared with $2.21 billion, or 52 cents a share, in the year-ago period. Revenue fell to $9.56 billion from $9.59 billion in the year-ago quarter but exceeded the expected revenue of $9.52 billion. The company also bought $10 billion of its shares during the quarter.

Oracle shares increased 5.4% to $48.20.

Darden Restaurants Inc (NYSE:DRI) shares went up after posting strong fiscal second-quarter results and raised its guidance. The company reported net income for the quarter which ended on November 25 of $115.6 million, or 92 cents a share, compared with $84.7 million, or 67 cents, in the year-ago period. Sales went up 4.9% to $1.97 billion. Darden is the owner of popular restaurants such as Olive Garden and Longhorn Steakhouse. For fiscal 2019, the company now expects per-share earnings of $5.60-$5.70, higher than the previous guidance of $5.52-$5.65.

Darden stock increased 1.6% to $100.51.

READ: Twitter shares rally slightly in pre-market after Monday tank caused by news of data leak

Twitter Inc (NYSE:TWTR) shares dropped sharply on Monday before recovering in Tuesday's premarket after the company said it was investigating unusual traffic that might be from state-sponsored hackers. Twitter said it saw a large amount of traffic from individual internet IP addresses in China and Saudi Arabia. The problem was resolved within a day on November 16, it added. On another issue, a security company said hackers used the platform to try to steal user data.

Twitter stock dropped almost 7% to close Monday at $33.43. On Tuesday, Twitter shares rose 1.4% to $33.90.

CBS Corp (NYSE:CBS) stock increased after the company announced that its disgraced former CEO Les Moonves will not receive his $120 million severance package. The board of directors of CBS concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations. The story came around three months after a report about six women who accused Moonves of harassment and intimidation.

CBS shares gained almost 1.7% to $47.60.

READ: CBS shares fall on news of exposé alleging sexual misconduct by CEO Les Moonves

Royal Dutch Shell (NYSE: RDS.A) shares ticked up slightly on Tuesday after Bloomberg News reported that the oil giant is in talks to acquire Endeavor Energy Resources LP for about $8bn, citing people familiar with the matter. Endeavor's talks with Shell aren't yet at an advanced level, according to Bloomberg, and have been held back by Endeavor founder Autry Stephens's wish to keep hold of a large portion of the company's mineral rights. Exxon Mobil, Chevron and ConocoPhillips also reportedly considered bidding for Endeavor at one point but their interest faded, the story said.

Royal Dutch Shell gained 0.18% to hit $57.81.

-- updated to include Royal Dutch Shell news --

Contact Rene Pastor by [email protected]

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