Among the companies with shares expected to actively trade in
Thursday's session are Exxon Mobil Corp. (XOM), United Parcel
Service Inc. (UPS) and 3M Co. (MMM) .
Exxon Mobil Corp reported that its fourth-quarter earnings fell
16% on lower production and weaker refining margins. Earnings and
revenue missed expectations. Shares fell 1.4% to $93.74
premarket.
United Parcel Service swung to a fourth-quarter profit, although
the shipping giant's results were weighed down by delays during the
holiday-shopping season. Revenue missed analysts' expectations, and
its 2014 per-share earnings outlook was shy of Wall Street
estimates. UPS also unveiled plans to repurchase $2.7 billion of
UPS shares during 2014. Shares rose 67 cents to $96 premarket.
3M's fourth-quarter earnings rose 11% as the industrial
conglomerate reported increased sales across all its segments and
geographies. Earnings matched analysts' expectations but revenue
fell short. Shares fell 75 cents to $129.50 premarket.
Citrix Systems Inc.'s (CTXS) fourth-quarter earnings rose 22% as
the company also said its Chief Executive Officer Mark B. Templeton
will be returning from a previously announced leave of absence, but
that he plans to retire within the next year. Shares fell 9.2% to
$52.29 premarket.
Corporate expense management software provider Concur
Technologies Inc.'s (CNQR) fiscal first-quarter loss widened,
though adjusted earnings topped the company's forecast as revenue
increased. But the company's current quarter outlook topped Wall
Street expectations. Shares rose 7.5% to $117 premarket.
Facebook Inc. (FB) said its fourth-quarter earnings surged
thanks in large part to mobile advertising, which now contributes
more than half of the company's total advertising revenue. The
results topped expectations. Shares rose 19% to $63.54
premarket.
Flextronics International Ltd. (FLEX) said it plans to reduce
its workforce and take other steps to cut costs during the current
quarter, while also reporting improved results for its fiscal third
quarter. Shares rose 7.3% to $8.26 premarket.
Google Inc. (GOOG) agreed to sell its wireless-handset business
to Lenovo Group Ltd. (LNVGY, 0992.HK) for $2.91 billion, giving the
iconic Motorola cellphone business to a rapidly expanding Chinese
technology company. Shares rose 2.6% to $1,136 premarket.
KaloBios Pharmaceuticals Inc.'s (KBIO) shares slumped after the
company said it would discontinue development of a treatment for
severe asthma, a move that followed disappointing Phase 2 results.
Shares fell 29% to $3.32 premarket.
Las Vegas Sands Corp.'s (LVS) fourth-quarter profit jumped 33%
as the casino and resort operator reported higher revenue in Macau
and Las Vegas. But the results weren't as strong as analysts
expected. Shares rose eight cents to $74.01 premarket.
NeuStar Inc. (NSR) said its fourth-quarter profit rose slightly
as a double-digit revenue gain was partly offset by higher
operating expenses. But the company's 2014 per-share earnings
guidance missed expectations. Shares fell 24% to $33.20
premarket.
Qualcomm Inc. (QCOM) said its fiscal first-quarter profit edged
down 1.6%, though revenue climbed and the chip maker's adjusted
profit topped its own expectations. Shares rose 2.3% to $72.75
premarket.
Tractor Supply Co. (TSCO) said its fourth-quarter profit rose
21% on strong same-store sales growth, but it offered an outlook
for the year that missed expectations. Shares fell 5.9% to $64.90
premarket.
Watch list
AvalonBay Communities Inc. (AVB) said its fourth-quarter
earnings more than doubled as the apartment operator reported
higher rental rates, led by strong growth in northern
California.
Fortune Brands Home & Security Inc. (FBHS) said its
fourth-quarter earnings soared thanks to demand for home
products.
Hanesbrands Inc.'s (HBI) fourth-quarter earnings dropped 60% as
the apparel maker reported a jump in overhead costs, masking strong
revenue growth that benefited from the company's acquisition of
Maidenform.
Interactive Intelligence Group Inc. (ININ) posted a 56% increase
in earnings, with revenue growing on a sharp rise in orders.
Murphy Oil Corp.'s (MUR) fourth-quarter earnings fell 53%,
weighed down by a loss from discontinued operations.
SL Green Realty Corp.'s (SLG) fourth-quarter profit grew 49% as
occupancy increased, while the real-estate investment trust
reported a key performance metric climbed from a year ago.
Spectrum Brands Holdings Inc. (SPB) swung to a fiscal
first-quarter profit thanks to revenue growth from its hardware and
home-improvement acquisition. The company's board also approved a
20% increase in its quarterly dividend.
Symantec Corp. (SYMC) said its fiscal third-quarter profit rose
31%, with lower costs obscuring a decline in revenue.
Write to Tess Stynes at tess@wsj.com
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