Here are the companies the Yahoo Finance team is watching for you today.
Shopify (SHOP) is climbing this morning after posting a big beat on earnings and revenue last quarter. Shopify provides those back-of-the-house services like payment processing and marketing tools for small businesses. It saw revenue soar 47% last quarter and it boosted guidance for the rest of the year. Shopify is up more than 60% in the last 3 months.
Things aren’t looking good for Bed Bath & Beyond (BBBY). The home goods retailer said its same-store sales fell more than 5% in December and January, as the company struggles to attract customers to its stores. On the bright side, same-store sales from Bed Bath’s e-commerce channel grew about 20% in that two month period. CEO Mark Tritton said the company is going through short term 'growing pains' as it tries to modernize the business.
Google (GOOGL) is set to take on the European Union in court today over antitrust fines. The tech giant is looking to overturn the first of three large fines — this first one being worth $2.6 billion. EU regulators are saying that Google favored its own shopping ads over those from smaller European companies. The EU has fined Google nearly $9 billion over a decade-long saga.
Good news for Apple (AAPL). China's Foxconn, the company that's a key supplier to the iPhone maker, is looking to restart some of its production facilities soon, according to Reuters. Production lines have been closed in China over the coronavirus outbreak. Foxconn wants half of its plants up and running by the end of the month and to be at 80% capacity by the end of March.