Yahoo Finance All eyes on Qualcomm, Hilton has strong quarter, changes at Home Depot
Here are the companies Yahoo Finance is watching today.
There’s a lot of anticipation for Qualcomm (QCOM) results. The chipmaker is set to report after the close, and investors are looking for a lot more details on the company's settlement with Apple. Shares have rallied some 53% since the settlement was announced, despite slowing chip sales across the sector.
A strong quarter at Hilton (HLT). The hotel giant reported a spike in revenue last quarter as it made more money per room versus a year ago. Overall revenue was up 6% year-over-year. The CEO says the company saw market-share gains across all brand segments and regions.
A change in the C-Suite at Home Depot (HD). Longtime CFO Carol Tomé is retiring after 18 years. Tomé has been with Home Depot since 1995 and served under 5 different CEOs. She was instrumental in driving the company's turnaround plan. In a statement, Tomé tells Yahoo Finance her time at Home Depot has been been an "incredible journey." Current Senior VP Richard McPhail will become the CFO in August, when Tomé officially departs.
It looks like Southwest (LUV) travelers are not that satisfied with the airline anymore. The low-cost carrier dropped two places from the top in terms of passenger satisfaction in 2019, according to a survey by the American Customer Satisfaction Index. The report said the airline, which is the biggest user of Boeing's 737 MAX jets, suffered from safety concerns after the two fatal crashes involving other airlines.
McGraw-Hill is planning to merge with textbook rival Cengage. The deal would create the second-largest provider of college textbooks and high-education materials in the country, which could be valued at about $5 billion. The companies signed on to a rare “merger of equals” which would allow them to better compete in the rise of digital books and course materials.
