Here are some of the stocks the Yahoo Finance team will be watching today.
Pfizer (PFE) beat earnings per share, but missed revenue estimates. Earnings came in at $0.57 a share, $0.02 better than estimates. Revenue fell to $11.3 billion from $13 billion a year ago and missed analysts’ estimates of $12.1 billion. Pfizer has made two failed attempts to acquire British rival AstraZeneca (AZN), the most recent bid was rejected Friday.
And we're watching General Motors (GM) this morning after the company announced another recall. GM is recalling more than 51,000 Buick Enclave, Chevy Traverse and GMC Acadia SUVs from the 2014 model year because of a problem with their fuel gauges. The National Highway Traffic Safety Administration said fuel gauge readings could be off by as much as a quarter of a tank resulting in running out of gas, which can lead to stalling and increasing the likelihood of a crash. GM has already recalled 7 million vehicles this year and is under several investigations over the handling of a faulty ignition switch linked to 13 deaths.
We’re also watching Apple (AAPL) after it won a $119.6 million settlement in a patent suit against Samsung over software used in smartphones and tablets. It was far short of the $2.2 billion Apple was seeking. The award for Apple was also far lower than the $930 million patent lawsuit victory Apple previously won against Samsung. The court also awarded Samsung $158,400 saying Apple infringed on one of its patents.
Some of Twitter's (TWTR) largest shareholders say they plan to hold onto the stock even after restrictions on stock sales expire today. About 480 million shares will be eligible for sale - about 4 times the amount previously available for trading. Twitter co-founders Evan Williams and Jack Dorsey, as well as venture capital firm Benchmark are among the shareholders who've said they will not sell their shares after the lock-up expires.
- Investment & Company Information