Among the companies with shares expected to actively trade in
Friday's session are Exxon Mobil Corp. (XOM), Chevron Corp. (CVX)
and LinkedIn Corp. (LNKD).
Exxon Mobil reported a 52% drop in profit for its second
quarter, even as lower crude prices drove its refining earnings
higher. Shares fell 2.1% to $81.30 in premarket trading.
Chevron's profit tumbled in the second quarter as the oil
company took over $2 billion in impairments and charges to suspend
projects amid lower crude oil prices. Shares declined 1.6% to
$91.55 premarket.
LinkedIn's stock yo-yoed in after-hours trading Thursday as
investors realized that it beat growth expectations because of a
recent acquisition, not because of a recovery in its core business.
Shares dropped 8.6% to $207.62 premarket.
Three bottlers of Coca-Cola Co. (KO) products in Europe are in
advanced talks about a merger that would further a push by the U.S.
soda giant to consolidate its bottlers around the world and lower
costs. Coca-Cola Enterprises Inc. (CCE) is discussing a tie-up with
Coca-Cola Iberian Partners and Germany's Coca-Cola
Erfrischungsgetra, according to people familiar with the matter.
Coca-Cola Co.'s shares rose 1% to $40.97 premarket, while Coca-Cola
Enterprises jumped 8.3% to $49.19.
Expedia Inc. (EXPE) on Thursday posted better-than-expected
profit in its second quarter, as brands like its namesake and
Hotels.com continued to drive bookings growth. Shares gained 7.9%
to $116.10 premarket.
European researchers said Friday that an experimental Ebola
vaccine from Merck & Co. (MRK) and NewLink Genetics Corp.
(NLNK) tested in Guinea "might be effective" in protecting people
from the deadly virus, but behind the scenes, questions have been
raised over the way the study was conducted. Merck's shares were up
1% to $59.10 premarket, while NewLink grew 7.4% to $54.93.
Amgen Inc. (AMGN) raised its 2015 guidance after reporting that
its second-quarter earnings rose 6.9% on better-than-expected sales
growth and lower operating expenses.
YRC Worldwide Inc. (YRCW) swung to a profit in the June quarter
easily beating analysts' projections on a per-share basis even as
revenue missed estimates.
Newell Rubbermaid Inc. (NWL) on Friday bumped up its guidance
for the year after reporting a better-than-expected 4% increase in
revenue in its second quarter.
Moneygram International Inc. (MGI) said Friday that finance
chief W. Alexander Holmes will assume its top executive role
starting Jan. 1, while current chief executive Pamela H. Patsley
will move into the executive chairman role. The company also
reported better-than-expected results for its second quarter.
CBOE Holdings Inc. (CBOE) said profit rose in its latest
quarter, as a more favorable mix of trading volume lifted
transaction fee revenue.
Legg Mason Inc. (LM) said profit in its latest quarter rose,
despite a decline in assets under management. Results edged in
above Wall Street expectations.
Public Service Enterprise Group Inc. (PEG) raised its guidance
on Friday as earnings beat expectations due to economic recovery
and growth in both the gas and electric segments.
Boeing Co. (BA) has assigned its aircraft development chief to
right its troubled aerial refueling tanker project, on the heels of
a surprise $835 million charge to its second-quarter earnings, the
company said in an internal memo to staff.
Broadcom Corp. (BRCM) swung to a profit in the second quarter,
driven by higher demand for chips in smartphones, broadband and
networking markets. Fellow chip maker Avago Technologies Ltd.
(AVGO), the former semiconductor unit of Hewlett-Packard Co., has
offered to buy Broadcom in a cash-and-stock deal valued at $37
billion. If successful, it would be the largest technology
acquisition on record.
Columbia Sportswear Co. (COLM) said sales rose 17% and the
apparel-and-footwear company raised for the second time its
financial projections for the year.
Edison International (EIX) on Thursday said its core earnings
rose in the June quarter thanks to federal tax benefits. The
utilities company said it would give guidance after the California
Public Utilities Commission issues a final decision on its general
rate case.
Electronic Arts Inc. (EA) on Thursday raised its financial
projections for the year, following a better-than-expected
performance in the June quarter. Digital revenue, which have been a
boon for videogames companies, helped offset an overall revenue
decline.
Google Inc. (GOOG, GOOGL) is quietly distributing a new version
of its Glass wearable computer aimed at businesses in industries
such as health care, manufacturing and energy, according to people
familiar with the situation.
FireEye Inc.'s (FEYE) second-quarter loss widened, even as the
cybersecurity company's revenue jumped 56%. The company, which went
public in 2013, raised its revenue projection for the year to
between $630 million and $645 million, from $615 million to $635
million.
Hanesbrands Inc.'s (HBI) second-quarter profit fell on
acquisition and integration-related charges. Sales, while bolstered
by the acquisitions, missed analysts' projections.
Tempur Sealy International Inc. (TPX) swung to a profit in the
second quarter, topping analysts' projections. The mattress company
raised its financial projections for the year.
A wave of newly insured patients coupled with fewer uninsured
patients and a higher rate of admissions drove Universal Health
Services Inc.'s (UHS) revenue and profit growth in the second
quarter, the hospital operator said Monday.
Vivus Inc. (VVUS) said Thursday it will eliminate 60 jobs and
reduce sales of its diet drug, as demand remains tepid. The company
reported a wider second-quarter loss and booked an impairment
charge on excess raw-material inventory for its obesity treatment
Qsymia.
WebMD Health Corp.'s (WBMD) said its second-quarter profit rose
38% as higher advertising revenue and traffic helped results.
Western Union Co. (WU) reported better-than-expected earnings in
the June quarter driven by its online business and raised its
projection for the year.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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