Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Ralph Lauren (RL) just posted a beat on earnings and revenue, as it tries to regain some of its past glory. It’s been putting a stronger push towards digital marketing, and turning away from relying on department stores. The CEO says the latest results show Ralph Lauren is on track for long-term sustainable growth.
The second quarter was big for BP (BP). The oil giant just posted a beat on profit and hiked its dividend to more than 10-cents a share. The company says increasing output plus the rising cost of crude are driving its growth. And CEO Bob Dudley says the company has momentum after changing its strategic direction.
CBS (CBS) is keeping its embattled CEO while it investigates sexual misconduct claims against him. The board is keeping Les Moonves in the job, at least for now, and is hiring outside counsel. It also delayed its upcoming shareholder meeting scheduled for next month. The meeting had already been pushed back from May, amid a fight with the top shareholder over a proposed merger with Viacom.
Chipotle (CMG) is facing pressure this morning after shutting down a restaurant where customers reportedly got sick. Chipotle says the shutdown was out of “an abundance of caution,” and they’re working to get the Powell, Ohio location re-opened. The local health department reportedly found the store wasn’t keeping food at proper temperatures.
Strong sales of gaming software pushed Nintendo’s (NTDOY) quarterly profit up a whopping 88% from a year ago. That helped offset softer sales for its Switch game console this spring. Still, Nintendo says overall, it has sold nearly 20 million of the handheld-hybrid consoles.