WS #16163
GE Aerospace shares fell 3% pre-market despite a strong earnings beat, as investors focused on free cash flow declines and delayed revenue recognition. Apple was downgraded by Loop Capital on iPhone shipment concerns, adding to tech sector headwinds. Salesforce declined 3% following the announcement of its $5.66B acquisition of Braze, reflecting market skepticism about the deal's accretion.
Tech Earnings and M&A
GE Aerospace shares fell 3% pre-market despite a strong earnings beat, as investors focused on free cash flow declines and delayed revenue recognition. Apple was downgraded by Loop Capital on iPhone shipment concerns, adding to tech sector headwinds. Salesforce declined 3% following the announcement of its $5.66B acquisition of Braze, reflecting market skepticism about the deal's accretion.