Here are the companies Yahoo Finance is watching today.
Optimism from Nvidia. The chipmaker delivered an earnings beat and better guidance than many analysts were expecting. The CEO called the results a "turbulent close" to a great year and said it expects to return to sustained growth.
A little less excitement Friday morning for PepsiCo. The food and beverage giant delivered quarterly results that met expectations, but it’s forecasting a weaker than expected 2019. Higher taxes and currency fluctuations are behind that downbeat forecast. PepsiCo is planning several cost-cutting moves to save upwards of a $ billion by 2023.
Facebook is in talks with with the FTC to settle privacy violations. The company has confirmed the discussions but won't say just what's on the table. The Washington Post says the fine could run into the billions and is expected to be the largest ever imposed on a technology company.
General Electric is making some cuts. GE is scaling back on its planned headquarters in Boston, selling the property, and dropping plans to add hundreds of jobs because it no longer needs the facilities. The company reached a deal with Massachusetts to return $87 million in incentives and sell the location. Still, GE is staying in Boston and says it’s proud to call the city home.
Warren Buffett's Berkshire Hathaway is making some changes. The company cut its stake in Apple and added positions in Canada's Suncor Energy and software company Red Hat. The company also shed a more than $2 billion in Oracle. That shrank Berskhire Hathaway's portfolio to about $183 billion at the end of last year.
