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Company News for Jun 7, 2022

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  • Shares of Science Applications International Corporation (SAIC - Free Report) jumped 6.9% after the company reported first-quarter fiscal 2022 earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.78 per share.
  • Eli Lilly and Company’s (LLY - Free Report) shares gained 0.6% after the company announced that the results of its studies involving diabetes drugs Jardiance and Trulicity were successful.
  • Shares of SolarEdge Technologies, Inc. (SEDG - Free Report) gained 2.9% on reports that the White House is planning to announce a 24-month exemption from solar panel tariffs in a bid to boost solar panel production in the United States.
  • Spirit Airlines, Inc.’s (SAVE - Free Report) shares soared 7% after JetBlue Airways Corporation (JBLU - Free Report) said that it will increase its breakup fee for its buyout deal to $350 million and part payment of that in dividends if the deal is achieved, increasing its value to $31.50 per share.