Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.
Microsoft (MSFT) is reportedly preparing for its biggest round of layoffs in five years. Bloomberg reports Microsoft is making the cuts to integrate and slim down after acquiring Nokia's handset unit. Sources tell Bloomberg the round of layoffs could be more than the 5,800 jobs the company cut in 2009. The cuts could be announced this week.
JPMorgan Chase (JPM) shares are higher in the premarket. The largest U.S. bank reported profits fell nearly 8% from a year ago, but earnings of $1.46 a share still topped estimates. Revenue also fell from a year ago, but beat expectations, coming in at $25.3 billion. JPMorgan continued to experience weak trading revenue in its fixed income and equities businesses. The earnings report comes just two weeks after Chief Executive James Dimon disclosed that he has throat cancer.
Another bank stock we're watching is Goldman Sachs (GS) after it reported revenue rose 6% to $9.13 billion, topping estimates. The financial firm’s earnings also beat by more than a dollar, coming in at $4.10 a share. The company said net income rose 5.5% due to the performance from its investment banking and lending business.
Earnings from Johnson & Johnson (JNJ) are also on investors’ radar this morning after the consumer products giant reported earnings of $1.66 a share, beating estimates. Revenue also came in above expectations at $19.5 billion, up 9% from a year earlier thanks to robust sales of its new hepatitis C drug. The company also raised its earnings outlook for the year.
Apollo Education (APOL) shares fell in early trading. The company revealed the Department of Education will review its student financial aid programs from 2012-2014 at the company’s University of Phoenix. The company disclosed the review in a regulatory filing with the Securities and Exchange Commission.
- Investment & Company Information