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Company News for May 5, 2023

Zacks Equity Research
·1-min read

  • Shares of MetLife, Inc. MET lost 7.8% after reporting first-quarter fiscal 2023 earnings of $1.52 per share, missing the Zacks Consensus Estimate of $1.85.

  • ConocoPhillips’ COP shares gained 1.3% after reporting first-quarter 2023 revenues of $15.51 billion, beating the Zacks Consensus Estimate of $15.31 billion.

  • Exxon Mobil Corporation’s XOM shares slid 1.8% as the energy sector continued to fare badly.

  • Shares of Western Alliance Bancorporation WAL plummeted 38.5%, reeling under the impact of the regional banking crisis.

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Zacks Investment Research