div > div.group > p:first-child"> General Electric — Shares of the global industrial company fell 6 percent Wednesday, adding to Tuesday's losses after issuing a gloomy outlook in 2019. CEO Larry Culp forecasts negative net cash outflow from the industrial business this year, citing its struggling power-plant unit. J.P. Morgan analyst Stephen Tusa said in a note Wednesday that his $6 price target looks"generous" given the latest information.
Snap — Snap shares fell 2.68 percent after The Wall Street Journal reported that the company paid additional severance benefits to at least three women it let go in layoffs they claimed affected women disproportionately last year. Thor Industries — Shares of the RV-maker fell more than 2 percent after the company's quarterly results missed expectations. Thor reported earnings per share of 65 cents, well below a Refinitiv estimate of $1.05. Its revenue of $1.291 billion also fell short of expectations.
Ambarella — Shares of Ambarella surged more than 7 percent on better-than-expected fourth-quarter earnings. The video-chip maker reported adjusted quarterly profit of 14 cents per share, 10 cents above a FactSet estimate. Ambarella's revenue also came in above Wall Street forecasts.
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