Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today. Earnings top our list.
Time Warner (TWX), which is being bought by AT&T (T), posted better-than-expected earnings and revenue for the second quarter. The company benefited from the success of its superhero movie Wonder Woman, which helped boost results in its Warner Brothers unit.
There are more signs of a slowdown in the auto sector. AutoNation (AN), the nation’s largest auto dealership delivered a miss on both its top and bottom lines for last quarter. Profit fell nearly 22% from a year ago and revenue also declined.
AMC (AMC) shares sank in early trading after the movie theatre chain warned that it will post a much larger-than-expected loss in the second quarter due to a decline is US box office sales. As a result, the company said it plans to reduce costs and cut jobs. AMC is scheduled to report quarterly results Monday.
FireEye (FEYE) shares surged in early trading. The cybersecurity software firm raised its outlook for the year after posting a smaller-than-expected loss for the second quarter and revenue that also topped analysts’ estimates. The results were driven mainly by the company’s move to a subscription and service-based model.
Amazon (AMZN) is holding a giant job fair in several US cities today, including in Robinsville, New Jersey. The e-commerce giant plans to hire 50,000 people on the spot for jobs at its fulfillment centers. It’s part of Amazon’s promise to hire 100,000 full-time employees by next year.
