Company News for Jul 17, 2023

• Citigroup Inc.’s (C) shares tumbled 4.1% after the company reported second quarter 2023 revenues of $19.44 billion, down 1% year over year.
• LM Ericsson’s (ERIC) shares plummeted 12.5% after the company posted second quarter 2023 revenues of $6,118 million, lagging the Zacks Consensus Estimate of $6,125 million.
• Shares of State Street Corp. (STT) plunged 12.1% after reporting second quarter 2023 revenues of $3.11 billion, missing the Zacks Consensus Estimate of $3.13 billion.
• Shares of Eli Lilly and Co. (LLY) surged 3.4% following the company’s decision to acquire privately held obesity drug maker Versanis for $1.9 billion.

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