Stocks to Watch: Amazon.com, AeroVironment, Gogo
05 Setembro 2023 - 9:15PM
Dow Jones News
By Ben Glickman
Amazon.com officials haven't offered concessions to the Federal
Trade Commission to settle antitrust claims, according to people
familiar with the matter, The Wall Street Journal reported on
Tuesday. That is paving the way for the regulator to file a lawsuit
against the e-commerce giant, which it is planning to do later this
month, one of the people said. Multiple people familiar with the
matter told WSJ that the lawsuit would target several of Amazon's
business practices.
AeroVironment reported fiscal first-quarter results that topped
Wall Street's estimates. The Arlington, Va.-based defense
contractor said its revenue jumped 40% in the quarter, lifted by
strong demand for its unmanned systems. The company posted a
larger-than-expected profit and lifted its full-year revenue and
profit guidance. Shares rose 12% to $107 in after-hours
trading.
Gogo on Tuesday said that its board of directors had approved a
new $50 million share buyback program. The provider of internet
services for business aircraft said that a strong cash position and
existing funding for its major projects allowed the company to
place more emphasis on returning cash to shareholders. Shares were
up 4.8% to $11.66 after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
September 05, 2023 20:00 ET (00:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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