U.S. Markets closed

DISH tunes in solid profits, Toll builds on earnings & Carl Icahn eyes Bristol-Myers Squibb

Here are some of the stocks the Yahoo Finance team will be watching for you today.

We are tuning into shares of DISH Network (DISH) after the satellite TV company reported better-than-expected profits and unexpectedly added pay-TV subscribers in the fourth quarter. Analysts expected the company to lose subscribers. It launched the low-priced Sling TV service in 2015, offering a “slim” bundle of channels, including live programming from networks such as ESPN.

Toll Brothers (TOL) shares are higher after the company posted earnings and revenue that beat Wall Street’s expectations. Toll, whose homes can cost more than $2 million, said orders rose about 22% in the quarter ended Jan. 31. The company also raised the low end of its deliveries forecast for the current year.

Bristol-Myers Squibb (BMY) shares are in focus after a report that billionaire investor Carl Icahn has taken a stake in the drugmaker. The Wall Street Journal says Icahn sees the company as a possible takeover candidate. This came on the same day Bristol-Myers announced it will add three board directors and repurchase $2 billion in stock moves negotiated with activist investor Jana Partners. Shares of the company are down 14% in the last year.

United Parcel Service (UPS) says it successfully tested a delivery via drone. It took place in a suburb of Tampa, Florida. It launched from the top of an electric van with a recharging station. UPS emphasized that it is still a ways off before drone deliveries become an everyday service.