Stocks Fluctuate: FedEx and General Mills Fall, Toro and Steelcase Rise
Aon PLC announces $13.4 billion acquisition of NFP, while Winnebago Industries Inc. disappoints with first-quarter profit.
- FedEx Corp. shares fell after reporting weaker revenue and profit for the latest quarter than analysts expected.
- Aon PLC announced that it will acquire middle-market insurance broker NFP for $13.4 billion.
- Winnebago Industries Inc. shares dropped as the company fell short of analysts’ first-quarter profit expectations.
- General Mills Inc. reported slower than expected recovery in its sales volume, leading to a decline in its share price.
- Shares of Toro Co. and Steelcase Inc. rose after both companies beat Wall Street’s sales and profit targets.