Here are the companies the Yahoo Finance team is watching today.
Oil giant Exxon Mobil is in the spotlight. The company posted a fourth quarter profit that beat expectations but came up just short on revenue. This comes as Exxon Mobil signed a partnership deal with IBM to use quantum computing to create new manufacturing tools.
This was a big quarter for Merck. The pharma giant and Dow component narrowly beat on earnings and sales. Plus, its 2019 guidance came in roughly in line with estimates. Sales for its cancer drug, Keytruda, was a major bright spot. They were up more than 64%, topping $2 billion last year.
Meg Whitman is leaving Hewlett Packard Enterprise. The company said the former CEO will not stand for re-election to its board of directors. As CEO, Whitman oversaw the split of Hewlett Packard into two companies. Jean Hobby, formerly of the consulting firm PricewaterhouseCoopers, will take Whitman’s place on the board.
Tesla is rolling out its lower-priced version of the Model 3 car in China. Chinese customers will be able to place orders for the car on Friday. This comes as Tesla tries to increase demand for its cars in China amid trade tensions with the United States.
Walmart is taking a carrot and stick approach to keep workers on the job. The retail giant will now offer all hourly employees up to 48 hours of paid time off, to be used for any reason including sick leave. However, it’s also making it easier to fire workers who miss their shifts, and bonus payments will now be tied to attendance.