Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Cisco (CSCO): The tech giant riding high today after reporting yet another quarter of revenue growth. The company made more than $12.8B last quarter, up 6% from a year ago, thanks to strong software sales. But the CEO said he’s concerned over the trade fight with China impacting the company’s bottom line.
Disney (DIS): A UK regulator is telling Disney it has to pay at least 14£ or roughly $18 a share if it wants to buy Sky broadcasting. But that won’t apply if someone else steps in to buy part of the satellite TV company. Disney and Comcast are locked in a battle for control of Sky, with Fox also bidding to buy the remaining 61% of Sky it doesn’t already own.
Best Buy (BBY): The electronics retailer is dialing up a big purchase in the mobile phone game. It’s buying GreatCall for $800M. GreatCall makes the Jitterbug line of mobile phones for seniors and has more than 900K subscribers. Best Buy says the purchase will boost its earnings by 2021.
Investors are anxiously awaiting the latest earning report from Nvidia (NVDA). The chipmaker is set to report after the close and most analysts are expecting revenues to top $3.1B. Just a few days ago, the company introduced a new line of graphics processors aimed at the movie industry.
