Here are some of the companies Yahoo Finance is watching today.
Hormel (HRL) tops our list. The Hormel Bacon and Skippy peanut butter maker missed on earnings and revenue for its second quarter but reiterated its outlook for the rest of the year. Despite the miss, Hormel’s CEO noted record sales in its refrigerated foods division — with net sales up nearly 15% from a year ago.
TD Bank (TD) is posting beats on revenue and net income for its second quarter. The Canada based bank also reported a 17% jump in its Canadian retail business year over year thanks to a boost in trading volumes and the use of digital tools to pre-approve mortgages.
Victoria Secret’s parent company, L Brands (LB), beat on EPS and net income for its first quarter, and the stock is sliding after the company cut its profit outlook. Earlier this month, L Brands alluded to making too much of its popular Pink brand merchandise.
Deutsche Bank (DB) is slashing its workforce. The German bank is cutting 7,000 workers worldwide by next year in hopes to make the lender profitable again. This is CEO Christian Sewing’s first big move since taking over for ousted chief John Cryan last month.
And finally, Uber says it booked a whopping 55% more rides and food deliveries from a year ago. Uber also says it’s finally in the black after selling its Southeast Asian and Russian operations, netting $3 billion. The self-released report comes as Uber reportedly preps for a 2019 IPO.