Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
We start with Europe’s largest bank: HSBC (HSBC) beat Wall Street estimates in its first quarter, despite reporting a 19% dip in pre-tax profits. The bank’s CFO ruled out a new share buyback in the short term, and also reiterated the company’s stance of holding its dividend steady for now. Shares are higher in early trading.
Next to Fitbit (FIT). The device maker gave investors a bit of good news. Shares are soaring after the company said it lost less money than analysts expected during the first three months of the year. Fitbit also said that product launches planned for later this year are on track. The stock is popping.
And Anheuser-Busch (BUD) is in focus after its profit jumped from a year earlier, driven by the integration of rival SABMiller. The company also said there were signs of a turnaround in Brazil, its second biggest market, and reiterated its forecast that total revenue growth will increase in 2017. Shares are rising.
Dunkin’ Brands (DNKN) is out with mixed results this morning. The company beat on earnings per share but missed on revenue. Dunkin’ Donuts comparable store sales were flat, while Baskin-Robbins sales declined 2.4%. The stock is lower in early trading.