Here are the companies the Yahoo Finance team is watching today.
Investors are hitting the breaks on Harley-Davidson. The stock is getting slammed after a big fourth quarter earnings miss. Slow sales in the U.S. were the biggest cause. Not only did motorcycle sales come in lower overall for the quarter, but it expects to ship just around 220,000 motorcycles in 2019. That would be the lowest amount in eight years.
Verizon just posted a mixed quarter. Yahoo Finance's parent company beat expectations for quarterly profit, adding twice as many new monthly subscribers as analysts estimated. However, it missed on revenue, coming in slightly below forecasts at $34.3 billion. This comes as Verizon launches 5G-enabled smartphones in the first half of this year.
A mixed picture also emerged for Xerox after it posted earnings. The company beat on earnings but revenue came in just below expectations. Still, investors seem happy over upbeat guidance for 2019. The CEO says the company is well positioned to "reenergize our innovation engine."
Casino operator Wynn Resorts is settling allegations it failed to investigate sexual misconduct claims against former chairman and CEO Steve Wynn. Nevada regulators have detailed at least seven allegations and say executives were aware, but did nothing. Under the deal, Wynn Resorts will get to keep its casino licenses. Wynn calls the settlement an "important remedial step."
Snap has a new interim finance boss. The tech company named executive Lara Sweet as its interim chief financial officer. Sweet will take over for current CFO Tim Stone, who will stay in his role until February 5. This comes as Snap struggles to keep its users after facing a redesign to its app.
