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Company News for May 4, 2023

  • Shares of The Estee Lauder Companies Inc. EL plunged 17.3% after reporting third-quarter fiscal 2023 earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.49.

  • Shares of The Kraft Heinz Company KHC gained 2% after reporting first-quarter 2023 revenues of $6.49 billion, beating the Zacks Consensus Estimate of $6.39 billion.

  • ConocoPhillips’ COP shares slid 2.6% as global oil prices continued to tank.

  • Shares of Advanced Micro Devices, Inc. AMD slid 9.2% after the semiconductor giant cited a weak PC market for lowering its quarterly sales forecast below expectations.

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