Here are the companies Yahoo Finance is watching today.
A big beat at Abercrombie & Fitch (ANF). The company posted better than expected earnings and revenue for last quarter. It expect net sales to climb 2% to 4% this year.
A big quarter as well at BJ's Wholesale Club (BJ). The warehouse store beat on profit and sales. That's despite a decline in total revenue from a year ago. But money from membership fees was up 11%. The CEO calls it a successful holiday season with a lot of momentum into 2019.
Qualcomm (QCOM) is citing national security as it tries to end a challenge to its patent royalties. The chipmaker wants the FTC to drop a case challenging how the company collects royalties from smartphones. And the Wall Street Journal says officials from the Energy and Defense departments have met with the FTC on their behalf. The company argues if it loses the case it won't be able to take on Chinese competitors anymore.
Bristol-Myers Squibb (BMY) is in the spotlight. The company is telling shareholders to back its plan to take over Celegene for $74 billion. This comes as it faces opposition from two large investors. A Bristol-Myers exec said that buying Celegene is the “best path forward” for shareholders. If it goes through, it would be the largest pharmaceutical deal ever.
Uber just dodged a bullet. Arizona prosecutors ruled that Uber is not criminally liable for the death of a woman who was struck by one of its self-driving cars. But attorneys are still continuing the case into the safety driver who was sitting in the driver's seat during the accident. No word from Uber on the investigation.
