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Company News for Jul 5, 2024

  • Constellation Brands Inc.’s (STZ) shares tumbled 3.3% after reporting first-quarter fiscal 2025 revenues of $.2,661.8 million, missing the Zacks Consensus Estimate of $2,672.36 million.

  • Shares of Paramount Global (PARA) jumped 6.9% following news that Shari Redstone's National Amusements entered into a preliminary deal to sell its controlling interest in the media giant to David Ellison's Skydance Media.

  • Shares of Humana Inc. (HUM) tanked 3.2% after a complaint filed a class-action lawsuit against the health insurer.

  • Microsoft Corp.’s (MSFT) shares rose 0.3% after the company agreed to pay $14.4 million to settle claims that it unfairly treated California employees for taking protected time off.

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