Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Google (GOOGL) is set to report Q2 earnings after the bell, and many will be watching to see if ad revenue suffered at all with growing competition from Amazon and Facebook. Google CEO Sundar Pichai may also address last week’s $5B EU fine on the earnings call.
Mondelez (MDLZ) is recalling 16 varieties of Ritz Cracker sandwiches and Ritz Bits products, for potential salmonella contamination. Mondelez says no illnesses have yet been reported, but if you have the products with “best by” dates in 2019, you should throw them away.
Papa John’s (PZZA) is taking new steps to fend off its ousted chairman. The company just adopted a “poison pill” designed to stop John Schnatter or any other shareholder from taking control. Schnatter owns about 29% of Papa John’s shares and has reportedly said he regrets resigning. Earlier this month, he admitted using a racial slur on a conference call.
Snapchat (SNAP) is getting out of the mobile payment business. A Snapchat spokesperson tells our sister site, TechCrunch, that it will discontinue SnapCash at the end of August. Back when SnapCash launched in 2014, it was one of the few services available for sharing money. But it’s lost ground in recent years to Venmo and others.