Here are the companies Yahoo Finance is watching today.
A big quarter at CVS (CVS). The company posted a beat on earnings and revenue, helped in part by a $17 billion dollar revenue boost from the purchase of Aetna Pharmacy; sales were higher, too. The company attributed that to higher volumes and prices for brand-name drugs.
The New York Times (NYT) posted an earnings beat and revenue that was roughly in-line with expectations. However, advertising revenue was higher than a year ago, and digital advertising climbed almost 14%, thanks in part to its new TV show "The Weekly." Still, the CEO is cautioning that the second half of the year could be challenging for ad sales.
Beyond Meat (BYND) is expanding its menu. A “Beyond Meatball Marinara sandwich” will be making its debut at Subway restaurants in September. The meatless sandwich will use Subway’s signature marinara sauce, sprinkled with parmesan cheese on a toasted sub. The sandwich will be available in nearly 700 locations in the U.S. and Canada
Some cutbacks are hitting Walgreens (WBA). The company plans to close an additional 200 locations in the U.S., as it tries to overhaul its operations and cut costs. It had already announced some 750 stores would close. The cutbacks will lead to a nearly $2 billion dollar charge.