Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Tariff worries are weighing on Microchip. The company posted a beat on profit and raised its dividend. But its CEO warned on the earnings call that some smaller Chinese hardware makers are now nervous about future demand. That could eat into Microchip’s bottom line.
A big change could be coming to the beleaguered Campbell’s Soup company. Two of its biggest shareholders investors Daniel Loeb and George Strawbridge, want to see the food maker sold off. They say a sale could unlock “significant value” for shareholders. But it could be tough, since descendants of the founder hold 41% of the company’s shares.
And Qualcomm has struck a deal in a long-running patent dispute with the government of Taiwan. The settlement wipes out more than $700M in fines over how Qualcomm licensed its patents there. Now Qualcomm has agreed to invest an undisclosed amount of money in Taiwan, and negotiate in good faith with Taiwanese phone makers.
And WeWork is getting bigger and spending a lot in the process. The company that rents out co-working space went public with its financial results for the first time. They show sales doubled last quarter but losses more than quadrupled from a year earlier. We Work also reported a billion dollar investment form Japan’s SoftBank.