Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Stitch Fix (SFIX) tops our list. The stock is plunging after the online clothing retailer posted an earnings miss for its second reporting quarter, falling four cents short of Wall Street expectations for six cents a share. The company cited tax reform as the reason. Despite that, Stitch Fix added 100,000 new clients and beat revenue estimates by nearly $5M.
Microsoft (MSFT) is in hot water this morning. A court filing shows women at the tech company have filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016. Plaintiffs say Microsoft systematically denied women pay raises and/or promotions. Microsoft denies the claims.
Amazon (AMZN) workers in Spain are not happy. Reuters reports over 1,000 employees plan to stage a two-day walkout. The worker’s union says Amazon is blocking salary increases, cutting wages and reducing payments for weekend and holiday employees as part of a new contract agreement.
In a first for General Electric (GE), the industrial giant has axed bonuses for its C-Suite and senior managers. The move saved the company millions after already losing money in 2017. CEO John Flannery’s target bonus of $3M was also eliminated.