U.S. Movers: ASML, Autodesk, JB Hunt, United Airlines, Tesla, Travelers

Scott Peters
17 Apr, 2024
New York City

United Airlines increased 4.9% to $43.56 after the international carrier reported stronger-than-expected first quarter results supported by sustained travel demand. 

J.B. Hunt Transport Services declined 7% to $170.02 after the trucking and logistics firm reported weaker-than-expected revenue and earnings in its latest quarter. 

The transport services company reported quarterly revenue of $2.94 billion and earnings per share of $1.22. 

Autodesk declined 5.8% to $215.01 after the company said it would further delay its annual 10-K filing because of an ongoing internal investigation into the company's audit committee of the board of directors. 

Travelers Companies declined 2.7% to $217.0 after the insurance company reported weaker-than-expected quarterly results. 

Tesla Inc. increased 0.9% to $158.57 after the company said it would ask shareholders to revote the $56 billion pay package for the company's chief executive, Elon Musk. 

ASML Holding decreased 3.2% to €884.60 after the Dutch chipmaking equipment maker reported fewer-than-expected new orders in the first quarter. 

New orders in the quarter totaled €3.6 billion, compared to a consensus of €5.4 billion estimated by analysts surveyed by Reuters. 

Revenue in the first quarter declined to €5.29 billion, compared to €7.23 billion in the fourth quarter of 2023. 

Net income fell to €1.2 billion from €2.04 billion and diluted earnings per share dropped to €3.11 from €5.21 a year ago, respectively. 

The company said sales in the second half are likely to pick up a faster pace, and the chipmaking equipment maker reiterated its annual sales estimate to match last year's sales of €27.6 billion.