Here are some of the stocks the Yahoo Finance team will be watching for you today.
ExxonMobil (XOM) shares fell in early trading. The oil giant reported a big miss on earnings and revenue for the second quarter. Profit dropped 60%, while sales fell 22% from a year ago. Weak refining margins and low energy prices weighed on results. The company’s chief executive Rex Tillerson said the numbers “reflect a volatile industry environment.”
Amazon (AMZN) stock got a nice pop in early trading. The e-commerce giant delivered stronger-than-expected earnings and revenue for the second quarter. Profit hit another record, and revenue soared 31% as its cloud business continued to show robust growth.
Alphabet (GOOGL), Google’s parent company, reported a beat on both its top and bottom lines for the second quarter. Profit surged 24%, while revenue jumped 21% as a big increase in mobile usage drove ad growth.
The delivered earnings per share for UPS (UPS) came in right in line with forecasts for the second quarter, while revenue was a tad shy of estimates. Sales rose about 4% as revenue grew across all its business units, and the company benefited from cost-cuts.
Merck (MRK) posted second quarter earnings and revenue that topped analysts’ estimates. Sales rose about 1% thanks to growing demand for its new cancer and hepatitis treatments.