Today’s topics include Tesla troubles, Amazon health care, sports betting at Buffalo Wild Wings, and the Florida teacher with the same name as a professional golfer who found $154,000 of winnings in his bank account. Catch The Final Round at 3:55 ET p.m. with Yahoo Finance’s Jen Rogers, Rick Newman, Dan Roberts, and Jared Blikre. Also joining the show today, Charles Henderson, global managing partner, IBM X-Force Red.
Winners and losers
Stocks in the red include Rite Aid as the pharmacy and Albertsons grocer agreed to terminate their merger agreement as the two companies were unable to structure a deal that sufficiently appealed to investors; Revlon, as the beauty company reported second quarter results and they were a miss, with lower revenue and a much bigger loss than the street expected; and Stamps.com, as its stock falls on a warning that its deal with USPS could change. The USPS has agreements with private companies providing specialized rates, but it can renegotiate or terminate those deals.
Stocks in the green include Yelp as shares of the online review site soar after reporting better-than-expected profit of $235 million for the quarter versus Street expectations of $232 million. The company said revenue exceeded their outlook due to “strength across Yelp’s advertising business; Roku, as the streaming video company reported a breakeven quarter, better than the 15 cents per share loss that analysts anticipated. The company also saw revenue and the number of active accounts beat Street forecasts; and Jack in the Box as the fast-food chain reported third-quarter earnings and sales that topped expectations. The company earned $45 million or $1.60 a share, compared with $36 million, or $1.22 a share, a year ago.