Here are the companies Yahoo Finance is watching today.
Another big loss at WeWork. The latest results showed the company lost $264 million last quarter. However, that was slightly lower than a year earlier, and revenue more than doubled. The biggest drag on the results: more money spent on development and marketing ahead of a potential IPO.
A big quarter at Cisco (CSCO). The networking giant says revenue grew 4% year-over-year, and earnings were a slight beat. But it’s guidance that has Wall Street excited, with revenue expected to grow upwards of 6% this quarter. The company says it’s seeing "minimal impact" from tariffs.
California investigators are officially blaming PG&E (PCG) equipment for last year's deadly wildfire that killed 85 people in and around the town of Paradise. State officials say it was a transmission line that sparked the fire. Now prosecutors will get to decide if the company will face criminal charges. PG&E sought bankruptcy protection in January as it faces liability over that fire and others.
Tesla (TSLA) investor T. Rowe Price just sold most of its shares in the car maker. The fund manager sold about 81% of its shares of Tesla over the first three months of the year. The move comes amid worries about the company's fundraising, delivery issues and tensions between CEO Elon Musk and federal regulators.
Nestle (NSRGY) is in talks to sell off its skincare business. The food company is looking to sell the unit to private-equity firm EQT and Abu Dhabi Investment Authority for about $10 billion. The move comes as the company tries to reshape its portfolio and foster growth.