Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Kellogg (K) just posted a beat on sales and raised its full-year outlook. The CEO says recent acquisitions have boosted Kellogg’s bottom line and strengthened its portfolio for the future. Some of the bright spots the purchase of nutrition bar company RX Bar, and restructuring at its Nigerian operation.
It’s shaping up to be a bad day for Blue Apron (APRN). The meal kit company just reported quarterly revenue slid 25% from last year as fewer customers signed up. Still, Blue Apron just barely beat on earnings. The CEO called it a time of transition and building for the future, as they re-focus their priorities.
CBS (CBS) is out with earnings after the closing bell and embattled CEO Les Moonves is expected to be on the earnings call. CBS has hired two of the nation’s most powerful law firms to investigate Moonves. Former federal prosecutor and SEC chair Mary Jo White will be part of the team looking into the allegations of sexual misconduct against Les Moonves. Moonves denies the claims and says he never misused his position to harm anyone’s career.
A McDonalds (MCD) franchise in Canada is apologizing after a pregnant woman says she was served cleaning chemicals in her coffee. Local reports say a chemical was left connected to the coffee machine that brewed the drink. The franchise owner says he’s taken immediate action to correct the problem.