Among the companies with shares expected to actively trade in
Tuesday's session are Best Buy Co. (BBY), Burger King Worldwide
Inc. (BKW) and DSW Inc. (DSW).
Best Buy posted a stronger-than-expected quarterly profit as the
electronics retailer's cost-trimming and e-commerce initiatives
started to pay off, though sales continued to decline with no
immediate sign of a letup. Shares declined 4.2% to $30.66
premarket.
Burger King agreed to buy Canadian coffee-and-doughnut-chain Tim
Hortons Inc. (THI, THI.T) for about $11 billion, confirming plans
to move the iconic American brand north of the border under a tax
inversion deal with the help of billionaire investor Warren
Buffett. Burger King shares edged up 2% to $33.04 premarket.
DSW said fiscal second-quarter profit edged up 1.8%, with
results outpacing market expectations as net sales and same-store
sales increased across its segments. The discount shoe retailer
also raised both ends of its full-year per-share earnings guidance
by five cents. Shares surged 11% to $31.50 premarket.
Sanderson Farms Inc. (SAFM) said its fiscal third-quarter profit
rose 12%, driven by higher sales and poultry product prices. The
results, however, fell far short of analysts' expectations, sending
shares down 5.9% to $89.56 premarket.
Trina Solar Ltd. (TSL) said it swung to a profit in the second
quarter, but its solar-module shipments in the period fell just shy
of expectations. Shares dropped 6.7% to $12.48 premarket.
Watch List:
Pfizer Inc. (PFE) and Merck & Co. (MRK) said they would
collaborate on another study evaluating a potential lung-cancer
treatment, the latest partnership of pharmaceutical companies
looking to capitalize on the emergence of immunotherapy in fighting
the disease.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires