Among the companies with shares expected to trade actively in
Thursday's session are Alibaba Group Holding Ltd. (BABA), Regeneron
Pharmaceuticals Inc. (REGN) and Merck & Co. (MRK).
Alibaba Group Holding Ltd. on Thursday reported a
better-than-expected surge in revenue in the final quarter of the
year as the Chinese e-commerce giant continued to add users and
drive mobile sales. Shares rose 5.32% to $79.89 in premarket
trading.
Regeneron Pharmaceuticals Inc. on Thursday said revenue
increased a better-than-expected 38% in its first quarter as sales
continued to surge for its key eye-disease treatment. Shares rose
4.2% to $375.79 premarket.
Merck & Co. posted a revenue decline as generic competition
and currency fluctuations hurt results. Shares rose 0.26% to $54.95
premarket.
Drug wholesaler AmerisourceBergen Corp. (ABC) swung to a profit
for the March quarter but cut its earnings guidance for the current
fiscal year amid continued generic-drug pricing pressures in the
sector. Shares fell 9.24% to $76.50 premarket.
AT&T (T) said Wednesday that it has awarded a contract to
host its Web and mobile portals to Synacor Inc. (SYNC). Shares of
Synacor rose 148.23% to $3.50 premarket.
Avon Products Inc. (AVP) on reported its loss worsened in the
most recent quarter, dented by foreign currency challenges,
restructuring and the deconsolidation of its Venezuela operations
as it works through a major rehaul of its business. Shares fell
4.42% to $4.11 premarket.
Occidental Petroleum Corp. (OXY) posted a profit in its latest
quarter, helped by a hefty tax benefit, as the company continues to
cut costs amid a low-energy-price environment.
Costco Wholesale Corp. (COST) said total sales in April rose 3%
to $8.98 billion, helped by strength in Canada. Shares fell 1.73%
to $148.89 premarket.
Kellogg Co. (K) said its first-quarter earnings fell 33% in the
latest quarter as lower revenue, dinged by currency translations,
and higher interest expense hurt the company's bottom line.
Cable networks powered revenue and adjusted profit growth for
21st Century Fox (FOXA) in the March quarter, as increases in
subscription fees and ad dollars offset higher programming
expenses.
Hail storms, market volatility and persistently low interest
rates stung more insurers in the first quarter, as four of the
biggest companies in the sector on Wednesday reported sharply lower
operating profits.
Equinix Inc. (EQIX) swung to a loss in the latest quarter as
expenses climbed in the wake of recent acquisitions.
Fitbit Inc. on Wednesday raised its financial projections for
the year as it reported sales surged in the first quarter. Higher
expenses, however, lowered profit and eroded margins.
GoDaddy Inc. (GDDY) on Wednesday reported an increase in
customers and average revenue per user during the first quarter as
total revenue slightly exceeded its guidance.
IAC/InterActiveCorp.(IAC), which last year spun off its dating
websites as Match Group Inc., on Wednesday reported a 6% increase
in revenue, though profit dropped sharply in the first quarter.
Kraft Heinz Co.(KHC), run by the Brazilian private-equity firm
3G Capital Partners LP, said Wednesday that sales fell 3.8% in the
first quarter. The company attributed the decline largely to
currency conversions.
Leucadia National Corp.(LUK), the parent of investment bank
Jefferies, swung to a first-quarter loss, driven by losses at the
investment bank. The New York holding company also booked a $53.2
million investment loss tied to its bailout of currency-trading
firm FXCM Inc. last year, when Switzerland's central bank lifted
its cap on the Swiss franc's exchange rate against the euro.
Marathon Oil Corp. on Wednesday said its quarterly revenue was
cut in half, year-over-year, and fell below $1 billion for the
first time since becoming a standalone company in 2002.
McKesson Corp.'s (MCK) profit rose in the fourth quarter, helped
by higher revenue and a reduction in operating expenses.
Plains All American Pipeline LP's (PAA) first-quarter profit
fell 29% as the master limited partnership said drilling and
completion activity has "meaningfully" declined in the last few
months.
Oil driller Transocean Ltd. (RIG) swung to a first-quarter
profit as it slashed spending to offset a 35% revenue drop brought
on by an oil rut amid a supply glut wreaking havoc through the
sector.
Tesla Motors Inc.'s (TSLA) first-quarter losses widened to $283
million as lower-than-expected deliveries hurt revenues.
TripAdvisor Inc.'s (TRIP) first-quarter profit dropped sharply
on higher expenses and lower revenue, driven by a drop in
click-based advertising.
WebMD Health Corp. (WBMD) on Wednesday posted quarterly revenue
and profit that beat market expectations, propelled by a 15% climb
in its advertising and sponsorship sales.
Weight Watchers International Inc. (WTW) on Wednesday raised its
annual projections as it reported a narrower-than-expected
first-quarter loss.
Whole Foods Market Inc. (WFM) on Wednesday cut its financial
projections for the year and projected a decline in a key sales
metric as the supermarket chain tries to revamp operations.
Williams Cos. (WMB) swung to a first-quarter loss and the
pipeline company's chief executive disclosed additional cost cuts,
including reducing its workforce by 10%. The Tulsa, Okla., company
is in the process of being acquired in a $32.6 billion deal by
Energy Transfer Equity LP (ETE), which along with affiliate Energy
Transfer Partners LP (ETP) posted lower revenue for the three-month
period ended in March.
Zynga Inc. (ZNGA) on Wednesday reported first-quarter results
that beat expectations, thanks to cost-cuts and increased
advertising revenue, but the videogame developer posted another
sharp decline in customers.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
May 05, 2016 09:28 ET (13:28 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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