Among the companies with shares expected to trade actively in Tuesday's session are Fastenal Co. (FAST), Legg Mason Inc. (LM) and Perry Ellis International Inc. (PERY).

 

Fastenal Co. reported is profit edged 1.1% lower in the first quarter of the year as its core fastener business weakened. Shares fell 3.56% to $45.27 in premarket trading.

 

Trian Fund Management LP will sell its shares in Legg Mason Inc., ending its years-long involvement with the money manager which included helping to force a chief executive change. Legg Mason shares rose 1.68% to $32.10 premarket.

 

Perry Ellis International Inc. said it narrowed its loss in the fourth quarter, as the company Tuesday backed its outlook for the year amid expanding margins. Shares were flat at $17.84 premarket.

 

Outerwall Inc. (OUTR), the operator of Redbox movie rental kiosks, agreed to nominate three new directors to its board as part of an agreement reached with its second-largest shareholder, activist investor Engaged Capital LLC.

 

Alcoa Inc. (AA) on Monday reported a 92% drop in first-quarter profit, hurt by weak aluminum prices, and said it could cut as many as 2,000 jobs. The metals maker's results underscore the company's motive in spinning off its more profitable aerospace and automotive-focused business in the second half of this year.

 

Debit-card issuer Green Dot Corp. (GDOT), under pressure from activist investor Harvest Capital Strategies, has added three independent directors to its board.

 

Juniper Networks Inc.'s (JNPR) results for the March quarter will miss financial targets, the company said Monday, blaming weaker demand and the timing of customers' adopting its products.

 

Marathon Oil Corp. (MRO) will sell its Wyoming upstream and midstream assets for $870 million, as big energy producers continue to reshape their portfolios during a severe and extended pricing downturn.

 

Salesforce.com Inc. (CRM) said the value of Chief Executive Marc Benioff's compensation was $33.4 million for the year ended Jan. 31, down from $39.9 million in the previous year. The customer-relationship software company said it made "significant" compensation changes, reflecting shareholder feedback, including a shift from an option-based long-term equity plan to a greater focus on performance-based restricted stock units.

 

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

 

(END) Dow Jones Newswires

April 12, 2016 09:26 ET (13:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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