IBM drops despite earnings, CSX easily hits earnings beat, Tesla aims at new Model 3 goal

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

IBM (IBM) tops our list. The stock is lower today despite posting beats on earnings and revenue for its first quarter. Part of the reason for the decline is a fall in storage revenue, an area from which analysts were expecting. During a call with investors, IBM’s CFO reassured investors that the storage business can get back on track in the second half of the year.

The railroad company CSX (CSX) easily beat on earnings and profit for its first quarter. CEO Jim Foote adopted stringent cost cutting measures that were implemented by his predecessor, Hunter Harrison who died eight months into his tenure at CEO. Looking ahead, CSX says it plans to bring its operating ratio down to 60% by 2020.

Another production announcement from Tesla (TSLA). The electric car maker is aiming to produce 6,000 Model 3 cars per week by the end of June, according to news website Electrek. The news comes on the heels of yesterday’s report that Model 3 production would be temporarily halted for four to five days to address bottleneck issues.

Southwest Airlines (LUV) is speeding up inspections of all its planes one day after a passenger died following an engine explosion that nearly sucked her out of the aircraft. The incident happened yesterday during a flight from New York City to Dallas with 149 people were onboard.

Toys ‘R’ Us is saying “No, thanks” to a lifeline. The bankrupt retailer rejected an $890M bid to save the company. CEO Isaac Larian of Bratz doll maker MGA Entertainment made the official offer with his own money last Friday. The move came after Larian tried crowdfunding through a $1B GoFundMe campaign. Toys ‘R’ Us said the offer was too low.