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Estee Lauder beats on Q1 earnings, Molson Coors falls flat on earnings, Facebook launching dating service

Yahoo Finance

Here’s a look at some of the companies the Yahoo Finance team will be watching for you.

Estee Lauder (EL) tops our list. The makeup company posted a beat on earnings and net sales for its third quarter. Estee Lauder also saw growth in almost all its divisions, with double digit growth from many of its skincare and makeup brands.

Molson Coors (TAP) earnings are falling flat for the first quarter. The beer maker missed on adjusted EPS by nearly 30 cents and missed on net income by 80 million dollars. The company’s CEO blamed the miss on a drop in U-S sales to wholesalers. He also says the US beer industry had a softer-than-anticipated start to the year.

Facebook (FB) wants to help you find your soulmate. The social media giant is launching its own dating service. CEO Mark Zuckerberg said the feature is meant to foster quote “meaningful, long-term relationships.” The swipe at dating app Tinder sent shares of its parent company Match.com tumbling. Zuckerberg also said Facebook’s plans to build its way out of its worst privacy scandal ever.

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A major C-Suite shake-up at Xerox (XRX). The printing technology company says CEO Jeff Jacobson and six other board members are stepping down. The move settles a suit by activist investors Carl Icahn and Darwin Deason — and it allows their reps to take control of the company. This puts a joint venture deal with Fujifilm at risk.

Our parent company Verizon (VZ) is doubling down on mobile content. Verizon’s media subsidiary, Oath, has signed a deal with Samsung to put its most popular apps on millions of Samsung devices. The newsroom app, Yahoo Sports, Go90, and our own Yahoo Finance app will appear on Verizon versions of Samsung’s Galaxy S9 and S9 plus devices. Samsung and Oath will share ad revenue.

Correction: Verizon’s Oath apps will only appear on Verizon editions of the Galaxy S9 and S9 Plus. A prior version of this article stated it was all S9s and S9 Pluses.