Here are some of the stocks the Yahoo Finance team will be watching for you today.
Twitter (TWTR) shares are near a 52-week low in early trading after the micro-blogging service failed to show an increase in user growth for the first time since it went public in 2013. The company also provided a weaker-than-expected outlook for the current quarter. This as Twitter delivered better-than-expected earnings and revenue that matched estimates.
Cisco Systems (CSCO) posted a beat on both its top and bottom lines for the fourth quarter. Net quarterly profit jumped 31% from a year earlier, while sales rose 2%. Cisco also increased its quarterly dividend and stock-buyback plan, and its revenue outlook for the current quarter was better than analysts projected.
Amazon (AMZN) said it will buy back up to $5 billion worth of its stock. The buyback would replace a $2 billion repurchase plan approved in 2010. This comes amid a 23% drop in the stock since the beginning of the year.
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Tesla (TSLA) was sharply higher in early trading. The luxury electric automaker assured investors it can start turning a profit this year and said production targets remain on track. This comes after Tesla reported an unexpected big loss for the fourth quarter due to huge costs related to developing two new models.
Pepsi (PEP) posted earnings per share that matched expectations, while revenue topped forecasts thanks to strong sales in North America, which helped offset the impact of the stronger dollar.
