TXT Textron Inc

Among the companies with shares expected to trade actively in Wednesday's session are Textron Inc. (TXT), SunEdison (SUNE) and Tupperware Brands Corp. (TUP).

Textron Inc. showed a surprise fourth-quarter revenue decline as the manufacturer gave a cautious 2016 forecast which includes below-consensus EPS growth. Shares fell 9.65% to $34.09 in premarket trading.

SunEdison Inc. said Wednesday that it has agreed to give David Einhorn's Greenlight Capital a seat on its board and amend its corporate governance policies following a collapse in the solar-power company's stock price. Shares rose 5.9% to $3.23 premarket.

Tupperware Brands Corp. gave downbeat guidance after posting a worse-than-expected drop in sales as the stronger dollar continues to dent results for the maker of plastic food ware with a heavy overseas presence. Shares fell 11.6% to $45.51 premarket.

Boeing Co. (BA) on Wednesday gave 2016 guidance that fell well short of Wall Street expectations, though the world's largest aerospace company posted fourth-quarter profit that easily topped analysts' views. Shares fell 5.91% to $120.45 premarket.

Biogen Inc. (BIIB) on Wednesday reported better-than-expected results for its fourth quarter as sales of its multiple sclerosis drug Tecfidera grew. Shares rose 5.09% to $273.10 premarket.

EMC Corp. (EMC), awaiting the completion of its acquisition by Dell Inc., said profit in its latest quarter declined as a strong dollar hit revenue and as the company booked merger and restructuring charges. Shares fell 1.65% to $23.90 premarket.

State Street Corp. (STT) reported a decline in fourth quarter revenue as weaker global equity markets dented the fees generated by the trust bank.

United Technologies Corp. (UTX) on Wednesday reported revenue declines among all four of its units as the company faced currency headwinds and restructuring costs.

Hess Corp. (HES) deepened its loss in its fourth quarter amid big drops in energy prices. The company, however, reaffirmed its 2016 production forecast, predicting 330,000 to 350,000 barrels of oil equivalent per day.

Apple Inc. (AAPL) on Tuesday reported the slowest quarterly iPhone sales increase since its introduction in 2007 and forecast the steepest quarterly revenue decline in 15 years.

AT&T Inc. (T) on Tuesday reported a smaller-than-projected revenue increase in the fourth quarter as it added fewer mainstream wireless customers than a year earlier.

CA Inc. (CA) said earnings edged higher in the latest reporting quarter, as lower expenses offset a decline in the information-technology company's revenue.

Capital One Financial Corp. (COF) on Tuesday reported a 7.9% profit decline in the fourth quarter, hurt by higher marketing and operating expenses.

Health insurer Centene Corp.(CNC), which is merging with Health Net Inc.(HNT), expects 2015 revenue at the top end of its guidance.

Citizens Financial Group Inc. (CFG) will join the S&P 500 on Friday after the market closes and RE/MAX Holdings Inc. is to join the S&P SmallCap 600 after the close of trading on Feb. 2, S&P Dow Jones Indices said Tuesday.

The former ACE Ltd. and Chubb Corp. each posted lower fourth-quarter operating earnings on Tuesday, less than two weeks after ACE completed its $29.5 billion acquisition of Chubb Corp. and took the Chubb Ltd. (CB) name.

CMS Energy Corp. (CMS) said Tuesday that Chief Executive John Russell will step down on July 1 and become its chairman. Patricia Kessler Poppe, senior vice president for energy distribution, will succeed Mr. Russell as president and CEO.

Ethan Allen Interiors Inc. (ETH) on Tuesday posted stronger-than-expected results for its December quarter on higher sales in its retail and wholesale segments.

FedEx Corp.'s (FDX) board on Tuesday authorized a new stock repurchase program of up to 25 million shares, worth more than $3 billion.

International Business Machines Corp. (IBM) on Tuesday elected Mark Fields, chief executive of Ford Motor Co., to its board of directors. The appointment is effective March 1.

Molson Coors Brewing Co. (TAP) on Tuesday projected fourth-quarter results mostly below analysts' expectations as the brewer said its performance was hurt by currency impacts along with the loss of the Modelo brands and Heineken brewing contracts in the U.S.

Noble Energy Inc. (NBL) said Tuesday that it will cut its dividend by 44% and slash capital spending in half this year as it faces a prolonged slump in commodity prices.

Stryker Corp.'s (SYK) profit more than doubled in the December quarter as sales topped its raised guidance.

Electronic payment processor TSYS (TSS) will buy payments processor TransFirst for about $2.35 billion, a deal that would expand its customer base but also pressure its debt load. After the deal was announced Tuesday, Standard & Poor's Ratings Services cut TSYS's credit and debt ratings by two notches to triple-B-minus, just above so-called junk status.

Hedge fund Altimeter Capital and PAR Investment Partners on Tuesday disclosed they are talking with United Continental Holdings Inc. (UAL) over possible changes at the airline. The two firms reported a combined 5.5% stake in the airline.

U.S. Steel Corp. (X) swung to a fourth-quarter loss and said it faces "significant headwinds and uncertainty" in 2016.

Visteon Corp. (VC), a former division of Ford Motor Co., said Tuesday that its chief financial officer will step down once a successor is appointed. The company said it expects the search to be completed by March 31.

VMware Inc.(VMW), seeking solid footing after being caught in the middle of the massive Dell Inc.-EMC Corp. merger, said Tuesday it was cutting some 800 positions and EMC's finance chief would replace a key executive.

Wells Fargo & Co. (WFC) said Tuesday that its board approved the repurchase of an additional 350 million shares of the San Francisco-based bank's stock.

Write to Chris Wack at chris.wack@wsj.com and Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

January 27, 2016 09:29 ET (14:29 GMT)

Textron (NYSE:TXT)
Historical Stock Chart
From Mar 2024 to Apr 2024

Textron (NYSE:TXT)
Historical Stock Chart
From Apr 2023 to Apr 2024