Here is a look at some of the stocks the Yahoo Finance team will be watching for you today
Morgan Stanley (MS) shares are higher in early trading after the company posted earnings that blew past estimates, coming in at $0.91 a share. Revenue was slightly above expectations. The Wall Street bank benefited from strength in its investment banking and wealth management businesses, which more than made up for a decline in revenue from bond trading.
Yum! Brands (YUM) stock fell before the bell. The restaurant chain reported second-quarter earnings of $0.73 a share missing analysts' estimates by a penny, while revenue came in roughly in line with expectations. A rebound in sales in China helped boost profits by 19% as concerns over food safety eased. However, KFC and Pizza Hut continued to struggle with sluggish sales in the U.S.
eBay (EBAY) reported better-than-expected earnings of $0.69 a share. Revenue rose 13% from a year ago thanks to growth in its PayPal division. However, the company's sales outlook for its current quarter fell short of analysts' estimates as it continues to struggle to lure customers after it disclosed a data breach in May and changes to Google's search engine.
Mattel (MAT) shares tumbled in early trading. The world's largest toymaker missed on both earnings and revenue, and posted its third straight decline in quarterly sales. Barbie sales fell 15% compared to the same quarter last year. Sales in its Fisher-Price line also fell. A bright spot was sales of its American Girl line which rose 6%.
- Company Earnings
- Morgan Stanley