Here are the companies Yahoo Finance is watching today.
A big quarter at Twitter (TWTR). The social media giant saw revenue surge 18% year-over-year, and there were 5 million more active daily users. However, it fell just shy on profit. CEO Jack Dorsey says they are most proud of the work they've done to enforce the rules and saw an 18% drop in spam and suspicious behavior.
Charter Communications (CHTR) missed on earnings and revenue last quarter and lost more than 350,000 video and voice subscribers. Still, the CEO insisted its core business is strong with free cash flow up nearly 40% year-over-year.
Disturbing new details this morning about accused sex offender Jeffrey Epstein's ties to the parent company of Victoria's Secret. The New York Times says Epstein was the personal money manager for the chief executive at L Brands (LB), Leslie Wexner. The New York Times says Epstein at one point identified himself as a "talent scout" for Victoria's Secret. An L Brands spokeswoman told the newspaper she does not believe he was employed there.
NBCUniversal is looking to launch its new streaming service in April 2020. In a Comcast (CMCSA) earnings conference call, CEO Stephen Burke said that more than 500 employees have already begun work on the platform. The service will reportedly be free for cable subscribers, and about $12 a month for cord-cutters.
‘Spider-Man: Far From Home’ has hit the $1 billion mark. The Sony Pictures (SNE) film is making history, becoming the first Spider-Man feature to reach the milestone. In 2007, Spider-Man 3 made $890.9 million, making it the only movie in the franchise to come even.