Boeing cuts 2027 targets; UPS raises outlook

Boeing shares fell 10.7% to an 18-month low after the company cut its delivery targets and reduced its 2027 free cash flow guidance to approximately $3 billion, down from the $5.5 billion expected by analysts. In contrast, UPS gained 6% after raising its annual forecast and valuing its data center logistics business at $15 billion. Coca-Cola dropped 1.6% due to stagnant North American sales, with Bernstein projecting profit growth to slow to under 4% in 2027 as World Cup tailwinds fade. PayPal rose despite slightly disappointing revenue, as cost savings are expected to exceed $700 million, though its online payment button growth lagged inflation at 1%.

JetBlue jumped 19% after promising to return to profitability in 2027. General Motors gained 5.7% after announcing a move from the NYSE to Nasdaq. After-hours trading saw Seagate fall 4.6% despite beating expectations, while Robinhood dropped 7.3% on weak interest income. Enphase plunged 15.5% after guiding Q4 revenue to $240 million versus $300 million expected, and Visa rose 3.48% on 13% revenue growth. The mixed results highlight the diverging fortunes of major US corporations as they navigate shifting consumer demands and operational challenges.