Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Oracle’s (ORCL) stock is plunging in early trading after announcing revenue guidance that came in below analyst’s expectations. This marks the third consecutive quarter the cloud company has disappointed on guidance. Oracle did however beat on earnings per share and just barely missed on revenue for its third quarter.
Sorry Android users, unlike Apple (AAPL) owners, you won’t be getting facial recognition anytime soon. According to Reuters, major parts producers say Samsung won’t be able to secure the pieces needed for 3D sensing features throughout the whole supply chain until at least 2019. They also say not having this tech will make Samsung a laggard in the augmented reality space.
Kroger’s (KR) Fred Meyer says it won’t sell guns anymore. This comes just two weeks ago Fred Meyer announced it would stop selling firearms to people under 21. Fred Meyer says the firearm business generated about $7M annually but consumer demand has softened in recent years.
McDonald’s (MCD) is going green. The fast food giant has pledged to cut greenhouse gas emissions at its restaurants and offices 36% by 2030. Food consultants say after looking at price, younger generations usually opt for more environmentally friendly restaurants.
Whole Foods (AMZN) is hosting a summit with vendors today. The meeting will be used to discuss changes under its new parent Amazon. Average monthly foot traffic at Whole Foods has increased by 1.3% since Amazon’s bought the grocer.