Among the companies with shares expected to actively trade in Thursday's session are Morgan Stanley (MS), Walgreen Co. (WAG) and EBay Inc. (EBAY).
Morgan Stanley's (MS) second-quarter profit dropped 50% as the bank recorded a weak performance in its institutional securities business, which includes investment banking and trading results. Shares slid 5.2% to $13.27 premarket after earnings fell short of analyst expectations.
Walgreen Co. (WAG) and pharmacy-benefit manager Express Scripts Holding Co. (ESRX) struck a multi-year pharmacy network agreement, concluding a long-running dispute between the two companies. Shares of Walgreen, which has struggled with slumping sales since leaving the Express Scripts network on Jan. 1, surged 14% to $35.23 in premarket trade. Fellow pharmacy chain CVS Caremark Corp. (CVS) shed 5.1% to $46.00 while Express Scripts added 3.7% to $59.83.
EBay Inc. (EBAY) said Wednesday both its core business and its PayPal payments unit have continued to turn in strong performances, helping send the Internet pioneer's shares up 6.7% to $43.15 premarket. Revenue beat expectations.
International Business Machines Corp. (IBM) boosted its guidance for full-year earnings, alleviating some worries about tech spending, even as its revenue fell short of expectations for the fourth-straight quarter amid "pretty significant" currency headwinds. Shares gained 2.6% to $193.17 premarket.
Qualcomm Inc.'s (QCOM) fiscal third-quarter profit rose 17% as the chip maker continued to see strong demand for its smartphone technology. Shares traded 5.8% higher at $59.28 premarket.
Select Comfort Corp.'s (SCSS) second-quarter earnings climbed 50% as the mattress seller booked strong sales through its company-exclusive distribution system. Results beat analyst expectations and the company also raised its earnings target for the year. Shares jumped 22% to $26.50 premarket.
Mellanox Technologies Ltd.'s (MLNX, MLNX.TV) second-quarter earnings soared as the data-storage company's better-than-expected revenue broke a new record. Shares surged 46% to $95.70 premarket as adjusted earnings sharply beat analysts' expectations.
PPG Industries Inc. (PPG) plans to merge its chemicals business with Georgia Gulf Corp. (GGC) in a $2.1 billion cash-and-stock deal. The paints-and-chemicals supplier agreed to form a new company by separating its chemicals business and merging it with Georgia Gulf. PPG shareholders will receive 50.5% of the shares of the merged company. Georgia Gulf shares surged 14% to $32.99 premarket; PPG shares added 1.6% to $105.87.
Skyworks Solutions Inc.'s (SWKS) fiscal third-quarter earnings fell 4.3% as the wireless-semiconductor company struggled with higher costs that outpaced improved revenue. However, shares popped 8.1% to $28.80 premarket as the company topped its quarterly estimates.
Diana Containerships Inc. (DCIX) plans to offer 8.1 million shares to raise funds for general corporate purposes, including vessel acquisitions and working capital. Shares fell 16% to $6.07 premarket.
Nanosphere Inc. (NSPH) intends to offer shares to raise proceeds for general corporate purposes and working capital. The medical diagnostic-test developer didn't indicate how many shares it plans to sell. Shares sank 5% to $2.50 premarket.
Johnson Controls Inc.'s (JCI) fiscal third-quarter earnings rose 17% as the car battery maker saw a rise in revenue along with lower expenses. Shares slumped 6.4% to $26.50, however, as results came in below Wall Street estimates and the company's previous growth forecast.
Anthera Pharmaceuticals Inc. (ANTH) said it will offer an undisclosed number of shares, intending to use the proceeds for the drug maker's general corporate purposes. Shares were down 15% to $1.13 premarket.
Alliance Data Systems Corp.'s (ADS) second-quarter earnings rose 50% on stronger-than-expected revenue growth and lower provisions for loan losses.
American Express Co.'s (AXP) second-quarter profit was essentially flat as the pace of customer card spending slowed, though it continued to benefit from historically low loan losses.
Capital One Financial Corp.'s (COF) second-quarter earnings plunged 90% from a year earlier as the company booked a slew of charges related to its acquisition of HSBC Holdings PLC's (HBC, 0005.HK, HSBA.LN) U.S. credit-card portfolio and a settlement with U.S. regulators.
Crown Holdings Inc.'s (CCK) second-quarter earnings edged 3.9% higher as the food-packaging maker recorded a gain from insurance proceeds, masking a decline in revenue.
F5 Networks Inc.'s (FFIV) fiscal third-quarter profit rose 16% on healthy network-security demand, though the company warned cautious economic sentiment would drag on current-quarter results.
Greenhill & Co. (GHL) said its second-quarter profit fell 90% to $2.2 million on significantly lower revenue from advisory services compared to last year's strong quarter.
Kinder Morgan Energy Partners LP's (KMP) second-quarter earnings fell 33% as the company posted losses related to fair value impacts related to discontinued operations. Meanwhile, Kinder Morgan Inc. (KMI), which owns Kinder Morgan Energy's general partner, swung to a loss, also citing the fair-value impacts.
Noble Corp.'s (NE) second-quarter earnings surged more than expected as the offshore-oil driller saw contract dayrates continue to rise.
RLI Corp.'s (RLI) second-quarter earnings fell 45% as the specialty insurer's expenses rose, though the company saw an increase in earned premiums.
SLM Corp.'s (SLM) second-quarter core profit rose slightly as its private-lending business continued to expand and expenses and loan-loss provisions again fell. But sliding interest income and higher funding costs in its legacy government-backed loan portfolio restrained earnings.
Stryker Corp.'s (SYK) second-quarter earnings rose 4.8% as the company absorbed some charges, while sales growth was hampered by unfavorable foreign-currency rates and softness in international orthopedic markets.
UnitedHealth Group Inc.'s (UNH) second-quarter earnings rose 5.5% as the health insurer's revenue improved at its UnitedHealthcare insurance business and Optum, its information- and technology-based health-services business.
Verizon Communications Inc.'s (VZ) second-quarter earnings rose 13% as the company added more contract wireless customers and increased its base of FiOS subscribers.
Werner Enterprises Inc.'s (WERN) second-quarter earnings rose 11% as the trucking company recorded improved margins and growth in its logistics business.
Yum! Brands Inc. (YUM), which owns the Pizza Hut, KFC and Taco Bell fast-food chains, saw its profit rise 4.8% in the latest quarter, as improvements at Taco Bell boosted its U.S. business, which is becoming more important given the pullback in China's economic growth.
Xilinx Inc.'s (XLNX) fiscal first-quarter earnings fell 16% as the chip maker saw sales declines in most of its main end markets.
-Write to Mia Lamar at firstname.lastname@example.org
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