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Shares of General Motors increased by nearly 5% Tuesday morning following the announcement of better-than-expected first-quarter earnings. The automotive company also raised its full-year predictions and reported a reduction in the cost of batteries for its electric vehicles. The company announced that its earnings per share for the first quarter increased by 18.5% to $2.62, while its revenue grew nearly 8% to $43.01 billion. Analysts had predicted earnings of $2.13 per share with sales...
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Envestnet has received interest from private equity firms, including Bain Capital, according to a press report. Shares ended the day up 9% on the news.