Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alstom shares slid the most in over two years after the manufacturer withdrew financial guidance, with new Chief Executive Officer Martin Sion citing slow progress on key projects for railway rolling stock.
- A consortium including Bouygues Telecom, Iliad SA and Orange SA has entered exclusive negotiations to buy billionaire Patrick Drahi’s telecom company SFR.
- Ericsson AB earnings missed analysts’ forecasts in the first quarter, as the Swedish company struggled in a weak market for telecommunications equipment and rising chip costs, in part due to the artificial intelligence boom.