Market Updates
U.S. Movers: Domino's Pizza, Philips, Tesla
Scott Peters
29 Apr, 2024
New York City
Domino's Pizza increased 7.2% to $535.01 after the pizza chain operator said it was improving gross margins at the company-owned stores in the U.S. and same-store sales picked up pace.
Revenue in the quarter increased by $1.08 billion, and diluted earnings per share rose to $3.59.
Tesla Inc. soared 12.3% to $188.88 after the company met a key regulatory requirement to roll out its self-driving technology in China.
Koninklijke Philips N.V. jumped 38% to $28.92 after the Dutch medical device maker announced that it provisioned Є982 million to settle personal injury and medical monitoring claims, ending years of litigation uncertainty.
The settlement amount was far less than the widely estimated range between Є2 billion and Є4 billion.
The company agreed to the settlement without admitting any liability or causing any injuries.
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