JB Hunt Soars, Salesforce Rises, Western Alliance Drops on Lawsuit News
On this episode of Stock Movers:
- JB Hunt (JBHT) shares soar after the transportation and logistics company reported third quarter earnings that beat the average analyst estimate helped by better cost control measures.
- Salesforce (CRM) shares rise after the software company forecasted that revenue growth will accelerate to double digits in the coming years. Salesforce expects $60 billion in annual revenue by the fiscal year ending in January 2030, Chief Financial and Operating Officer Robin Washington said Wednesday during an investor event.
- Western Alliance (WAL) shares fall after news that the firm filed a lawsuit in August alleging fraud by a borrower in failing to provide collateral loans in first position. Western Alliance evaluated existing collateral and believe it covers the obligation, based on “as-is” appraisals.
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