Stamps.com gets slammed, mixed results at Keurig Doctor Pepper, GE’s Larry Culp keeps both jobs.
Here are the companies Yahoo Finance is watching today.
Stamps.com (STMP) is getting battered after reducing its full-year guidance, even though it beat on earnings and revenue. Stamps.com's stock has plunged 65% in the past year and recently said it was ending its exclusive discount deal with the U.S. Postal Service.
A mixed quarter at Keurig Doctor Pepper (KDP). The drinkmaker beat on earnings, but revenue came in just shy of estimates. Still, sales more than doubled from a year ago. The CEO called it a "good start to the year" and says the company is confident in its full-year targets.
General Electric (GE) shareholders are letting Chief Executive Larry Culp keep both of his jobs. They rejected a proposal to split the roles of Chairman and CEO, and also signed off on the company's executive compensation plans at yesterday's annual meeting. However, neither vote was unanimous. About 30% of shareholders wanted to see the roles split and voted against the pay plan.
Schick razor maker Edgewell (EPC) is set to buy shaving start-up Harry's in a $1.37 billion cash and stock deal. Harry's is the latest startup in the men's grooming industry to be bought up by a bigger rival. This comes as giants like Unilever and Procter and Gamble focus more on shaving and hair products.
Fox Sports (FOX) is getting in on the sports betting business. The network says it's buying about 5% of online gambling company The Stars Group for about $236 million. Both companies are set to offer sports betting this fall in many states where it is legal. Fox Sports will have the option to buy up to 50% of the Stars Group in 10 years.
