Stocks that traded heavily or had substantial price changes on Tuesday: JetBlue, Caterpillar fall; Pinterest, AB InBev rise.
The airline reported a steeper loss for the summer months than expected.The heavy machinery maker reported a slowdown in orders and growing inventories at dealers.The company behind Vans, Timberlands and other brands, reported weaker profit than expected and cut its dividend.The digital pinboard and shopping site reported stronger profit for the latest quarter than analysts expected.
The drugmaker lost more than $2 billion in the third quarter as an expected decline in COVID-19 product sales clipped revenue.The brewer’s American sales drop signaled continuing fallout from a promotion with a transgender influencer.The electronics manufacturer reported disappointing third-quarter profit and sales.The Chicago-based company reported stronger results for its last quarter than Wall Street had forecast.
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