Among the companies with shares expected to actively trade in
Thursday's session are General Motors Co. (GM), Ford Motor Co. (F)
and Wal-Mart Stores Inc. (WMT).
General Motors reported an 80% drop in its second-quarter
profit, with earnings hit by charges related to vehicle recalls and
a compensation plan for victims of car accidents linked to
defective ignition switches. Shares fell 1.9% to $36.70 in
premarket trading.
Ford said second-quarter net income rose 6%, driven by a record
quarter in North America, strong results in Asia and its first
quarterly profit in Europe in three years. The company reaffirmed
its full-year pretax profit forecast. Shares rose 1.7% to $18.08
premarket.
Wal-Mart said its U.S. chief, Bill Simon, will leave the company
in two weeks, eight months after getting passed over for the top
job and as domestic sales remain weak. Shares fell slightly to
$76.48 premarket.
Eli Lilly & Co. (LLY) said its second-quarter profit slid
39% as patent expirations for some of its bigger-selling drugs
dragged down revenue and volume. The company backed its full-year
earnings guidance. Shares were inactive premarket.
Caterpillar Inc. (CAT) said its second-quarter profit rose 4.1%
as the machinery maker benefited from lower operating costs and
strong construction results, but its mining-related business
continued to post weak results. The company again raised its
earnings outlook for the year. Shares fell 2.7% to $105.49
premarket.
D.R. Horton Inc. (DHI) said its fiscal third-quarter profit fell
despite strong home-building revenue and an increase in new sales
orders, as the company reported impairment charges tied to assets
in the Chicago area. Shares slumped 2.8% to $24.10 premarket.
Under Armour Inc. (UA) said strong footwear and apparel sales
buoyed its second-quarter results, and the company again raised its
outlook for full-year sales. Shares jumped 7% to $64.88
premarket.
Raytheon Co. (RTN) reported a 12% rise in second-quarter profit,
but new bookings fell short of analysts' expectations and the
company left its full-year guidance unchanged. Shares fell slightly
to $94.55 premarket.
American Airlines Group Inc. (AAL) said it posted the highest
quarterly profit in its history as revenue also surged. The company
also unveiled a capital deployment plan that will cut its debt,
provide additional pension contributions and return capital to
shareholders. Shares were down 1.5% to $42.68 premarket.
T. Rowe Price Group Inc. (TROW) said its second-quarter profit
rose 23% as fee revenue increased, while the firm posted an
increase in assets under management. But revenue fell short of
analysts' expectations. Shares dipped 2.1% to $80.50 premarket.
KKR & Co. (KKR) said second-quarter profit surged, as the
private-equity firm reeled in the highest cash profit from deals
since becoming a public company. Shares fell 2.1% to $24.80
premarket.
Nasdaq OMX Group Inc. (NDAQ) said its second-quarter profit
jumped 15% as revenue from the company's increasingly diversified
operations rose. Shares were inactive premarket.
Dunkin' Brands Group Inc. (DNKN) said second-quarter sales
weren't as robust as expected, as bad weather and other consumer
challenges weighed on the top line. Shares tumbled 8.1% to $40.42
premarket.
Boeing Co. (BA) agreed to conditions by which it could sell
aircraft spare parts to state-owned Iran Air.
United Continental Holdings Inc.'s (UAL) second-quarter profit
surged 68% as passenger revenue climbed. Results topped market
expectations.
3M Co. (MMM) said its second-quarter earnings rose 5.8% as
operating income improved across all of its segments and revenue
topped Wall Street's expectations. The company again backed its
full-year earnings outlook.
Boston Scientific Corp. (BSX) said second-quarter earnings fell
as higher costs masked an increase in revenue. The company again
raised its adjusted earnings outlook for the year.
Starwood Hotels & Resorts Worldwide Inc. (HOT) said its
second-quarter earnings rose 12% on growth in its fees business,
while the company raised its outlook for the year.
Watchlist:
Angie's List Inc.'s (ANGI) second-quarter loss widened because
of costs tied to its expansion efforts, even as the online
consumer-review site continued to post higher revenue.
AT&T Inc.'s (T) second-quarter profit fell 7.2% as wireless
service revenue took a hit from a drop in prices tied to a shift in
strategy.
AvalonBay Communities Inc.'s (AVB) second-quarter earnings
surged as the apartment operator benefited from stronger revenue
and sharply lower depreciation expenses.
CA Technologies' (CA) fiscal first-quarter profit fell sharply
as the company reported its ninth straight quarter of
year-over-year revenue declines.
Cheesecake Factory Inc.'s (CAKE) second-quarter earnings rose
5%, and the casual-dining chain raised its dividend by 18%.
Cirrus Logic Inc.'s (CRUS) fiscal first-quarter profit fell 50%
on weaker revenue and margins. The company supplies audiochips to
Apple Inc.
Citrix Systems Inc.'s (CTXS) second-quarter earnings fell 18%,
in part due to a restructuring charge, but adjusted earnings and
revenue topped the company's projections.
Crown Castle International Corp.'s (CCI) second-quarter earnings
fell 35% on debt-redemption losses that masked higher revenue and
growth in a key measure of performance for real-estate investment
trusts.
Equifax Inc. (EFX) raised its full-year fiscal projection citing
stronger-than-expected second-quarter results and improvement in
the mortgage sector.
E*Trade Financial Corp. (ETFC) swung to a second-quarter profit,
modestly topping Wall-Street estimates, as the firm bounced back
from a year-earlier quarter weighed down by a large impairment
charge.
F5 Networks Inc.'s (FFIV) fiscal third-quarter earnings rose 17%
on stronger revenue, which was boosted by the networking-equipment
company's tiered pricing strategy and security products.
Facebook Inc. (FB) posted a second-quarter profit that more than
doubled while wringing more mobile-advertising dollars from its
users.
Gilead Sciences Inc. (GILD) said its new hepatitis C treatment,
Sovaldi, had $3.48 billion in second-quarter sales, more than
expected, continuing what is believed to be the best-selling
prescription drug launch in history.
Hanesbrands Inc.'s (HBI) second-quarter earnings rose 27% as the
apparel maker benefited from its Maidenform Brands Inc. acquisition
and sales in its activewear segment.
Technology firm PTC Inc. (PTC) posted a 10% increase in its
fiscal third-quarter profit and announced an acquisition that will
expand its "Internet of things" portfolio.
Chip giant Qualcomm Inc. (QCOM) reported a 42% jump in
third-quarter profit and increased its full-year earnings outlook,
in large part because of growing demand for smartphones in China
that use its semiconductor technology.
Skechers USA Inc.'s (SKX) second-quarter profit soared on the
footwear maker's broad sales growth.
SL Green Realty Corp.'s (SLG) second-quarter profit soared,
which the company attributed mainly to gains from two deals in the
quarter.
SLM Corp. (SLM), better known as Sallie Mae, said its
second-quarter profit fell 4.2% as it recorded higher expenses in
its first earnings report since being broken up into two firms:
Sallie Mae, now a standalone consumer-banking operation, and
Navient Corp. (NAVI), an education-loan management business.
Spectranetics Corp.'s (SPNC) two laser atherectomy products to
treat patients with peripheral artery disease--Turbo-Elite and
Turbo-Tandem--received 510(k) clearance from the U.S. Food and Drug
Administration.
Tractor Supply Co.'s (TSCO) second-quarter profit rose 8% as the
chain of farm and ranch supply stores recorded an increase in
revenue.
TripAdvisor Inc.'s (TRIP) second-quarter profit improved
slightly even as the hotel-review site posted a 45% increase in
expenses, masking broad revenue growth.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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