Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Weight Watchers (WTW) stock soared in early trading. The diet company backed by media mogul Oprah Winfrey swung to a profit in the first quarter; revenue also beat expectations as the company enjoyed a 16% jump in its subscriber growth.
Investors have an appetite for shares of Yum Brands (YUM) this morning. The stock got a nice pop in early trading after the fast food giant delivered a beat on both its top and bottom lines for the first three months of the year. The results were driven by strong sales at its Taco Bell and KFC restaurants. However, Pizza Hut saw a decline in sales last quarter.
Etsy (ETSY) shares are sinking this morning. The online crafts marketplace is cutting about 80 jobs, or 8% of its workforce. Etsy also said it’s replacing its CEO amid shareholder pressure after missing both profit and revenue targets for the quarter.
Twilio (TWLO) shares disappointed in early trading after the software maker warned that it expects a bigger than expected loss for the current quarter, despite reporting better-than-expected results for the previous quarter. Twilio’s CEO is pointing the finger at Uber for the disappointing outlook. The ride-hailing firm, which accounts for 12% of the company’s revenue, will not be using Twilio’s software as much over the next year.