Among the companies with shares expected to trade actively in Tuesday's session are Best Buy Co. (BBY), Accorda Therapeutics Inc. (ACOR), and BHP Billiton Ltd. (BHP).

 

Best Buy on Tuesday reported a better-than-expected 12% profit increase in its second quarter, as strong sales of large-screen TVs, appliances and phones continued to offset weakness in tablets. Shares of Best Buy rose 15% to $33.74 in premarket trading.

 

Acorda Therapeutics said a patent-review board has denied challenges to two of the company's patents related to its Ampyra multiple-sclerosis treatment. The challenges were brought by hedge-fund manager Kyle Bass. Shares rose 22% to $35.25 premarket.

 

The world's biggest mining company, BHP Billiton, unveiled its weakest annual earnings since 2003 on Tuesday and cut its long-term forecast for Chinese steel demand. But its top executive expressed confidence its most-important customer, China, is on track, despite its current bout of market and economic turbulence. Shares rose 5% to $33.74 premarket.

 

General Electric Co. (GE) plans to close a historic foundry and eliminate more than 250 jobs at its unit in Lufkin, Texas, as the company deals with a dropoff in demand for drilling equipment in the wake of plunging oil prices. Shares rose 3.8% to $24.78 premarket.

 

Amgen Inc. (AMGN) said it submitted a new drug application to the U.S. Food and Drug Administration for its intravenous treatment for secondary hyperparathyroidism in patients with chronic kidney disease. Shares rose 2.9% to $151.95 premarket.

 

DSW Inc. (DSW) on Tuesday reported a 6.8% increase in sales in its August quarter, as the shoe retailer benefited from better sales of its regular-priced merchandise. Still, analysts were expecting a bigger increase in the top line, and shares fell 4.4% to $29.50 premarket.

 

Children's Place Inc. (PLCE) posted worse-than-expected sales on Tuesday for its second quarter amid currency headwinds but saw profits in line with forecasts.

 

Sanderson Farms Inc. (SAFM) said profit tumbled in its latest quarter, as the chicken company faced sharply lower market prices for its products.

 

Coatings and paints company Valspar Corp. (VAL) raised the bottom end of its full-year guidance as earnings rose more than expected in the July quarter.

 

Navient (NAVI) disclosed in a regulatory filing Monday that it received a letter from the Consumer Financial Protection Bureau on Aug. 19 that indicates the regulator is considering taking legal action against the largest U.S. student-loan servicer over its servicing practices. Navient was spun off from SLM Corp. (SLM), better known as Sallie Mae.

 

Data-analytics company Inovalon Holdings Inc. (INOV) agreed to buy consulting firm Avalere Health Inc. for $140 million. The health-care industry focused company expects the acquisition will position it for growth in the pharmaceutical and life-sciences sector.

 

Newell Rubbermaid Inc. (NWL) said it plans to offer 3,300 former employees a lump-sum payment of their pension benefits by the end of the year in a move that aims to reduce the company's U.S. pension-related obligations and related expenses.

 

Career Education Corp. (CECO) said the U.S. Federal Trade Commission has requested information from the company under a civil investigative demand. The request stems from an FTC resolution in 2013 directing an investigation into possible "deceptive or unfair acts or practices" in the advertising, marketing or sale of educational products or services.

 

Write to Jenny Roth at jenny.roth@wsj.com and Tess Stynes at tess.stynes@wsj.com

 

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(END) Dow Jones Newswires

August 25, 2015 09:30 ET (13:30 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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