Among the companies with shares expected to actively trade in Thursday's session are Mattel Inc. (MAT), Morgan Stanley (MS) and Microsoft Corp. (MSFT).

Toy maker Mattel reported lower earnings in the second quarter, weighed down in part by muted sales of Barbie dolls. The company's results for the quarter badly missed expectations, pushing its shares down 7.8% to $36.00 premarket.

Morgan Stanley said its second-quarter profit nearly doubled as the firm was helped by a tax benefit, while continued strong results from the wealth management and investment banking businesses helped offset a slump in trading revenue. Shares moved up 1.7% in recent premarket trading as results beat analyst estimates.

Microsoft said it plans to eliminate up to 18,000 jobs over the next year and book a restructuring charge of $1.1 billion to $1.6 billion, part of a sweeping plan to streamline its operations following the recent acquisition of Nokia's devices and services business. Microsoft shares rose 2.7% to $45.28 premarket.

Shares in SAP SE (SAP, SAP.XE) rose after the German software company said revenue from cloud applications rose rapidly in the second quarter, despite reporting a drop in profit. American depositary shares rose 2.1% to $81.30 premarket.

AutoNation Inc. (AN), the largest U.S. chain of auto dealers, reported its second-quarter net income climbed 12% to $100.4 million, or 83 cents a share, bolstered by a strong spring selling season and growth across all business lines. Still, shares fell 3.3% to $58.85 premarket as earnings didn't rise as much as analysts anticipated.

Orbitz Worldwide Inc. (OWW) said its largest shareholder, Travelport Ltd., will look to cut its stake in the travel-booking website in half, as it also projected strong revenue for its second quarter. The company's shares fell 5.8% to $8.45 premarket.

SanDisk Corp. (SNDK) said its second-quarter earnings rose 4.6% as the flash-memory maker posted revenue growth and stronger margins. However, analysts noted the company's third-quarter revenue guidance is weak due to capacity constraints. Shares slipped 7.9% to $99.30 premarket.

Select Comfort Corp.'s (SCSS) second-quarter profit dropped on higher operating expenses that masked an increase in sales. Still, results beat Wall Street expectations and shares jumped 12% to $21.30 in premarket trading.

Baker Hughes Inc.'s (BHI) second-quarter income climbed 47%, as the oil-field services company reported stronger revenue in every region except Latin America. Results topped Wall Street's expectations, pushing shares up 1.6% to $75.60 premarket.

Blackstone Group LP (BX) said its second-quarter earnings more than doubled, as the company continued to reap big gains selling assets from its private-equity business into the rising stock market. Shares rose 2.6% to $34.86 premarket.

KeyCorp (KEY), one of Ohio's largest lenders, said its second-quarter profit rose 7.4% as its revenue and loan portfolio grew on the back of strong commercial lending. Shares slipped 1.1% to $14.04 premarket, however, as earnings attributable to shareholders slightly missed analyst estimates.

Danaher Corp. (DHR) said it second-quarter earnings rose 9.7% as the manufacturer ramped up acquisitions while also seeing organic growth. However, the company's third-quarter forecast was below analysts' views. Shares fell 3.8% to $75.50 premarket.

Sherwin-Williams Co. (SHW) said its second-quarter earnings jumped 13% as revenue growth was driven by higher sales volume in its paint stores and benefits from acquisitions. The results were in line with the higher end of the company's expectations, while its outlook for the year improved. Shares rose 2.4% to $206.50 premarket.

United Rentals Inc.'s (URI) second-quarter earnings rose 13% as the equipment-rental company said it is seeing "vigorous activity" in nonresidential construction sectors including energy. The company boosted the lower end of its projected revenue range for 2014. Shares added 2.7% to $111.12 premarket.

 
    Watchlist: 
 

Alliance Data Systems Corp. (ADS) reported its second-quarter profit jumped 20% as its private label and services and LoyaltyOne businesses drove strong gains in revenue. The company also boosted its full-year outlook after the quarter's results surpassed expectations

Shopping-center owner AmREIT Inc. (AMRE) has hired Jefferies LLC to advise its board in evaluating the $433 million unsolicited takeover bid from Regency Centers Corp. (REG).

Baxter International Inc. (BAX) said its second-quarter earnings fell 12% as higher costs and expenses offset a strong gain in revenue, which beat expectations.

Dover Corp. (DOV) said its fiscal second-quarter earnings fell 35% on higher costs, but the manufacturer raised its outlook for the year on what it called an improving market. Chief Executive Robert A. Livingston said the company's growing bookings and backlog reflect more positive market conditions.

EBay Inc. (EBAY) grew its revenue and customer roll in the second quarter, amid a massive security breach and a since-resolved dispute with activist investor Carl Icahn.

Entergy Corp. (ETR) projected higher earnings for its second quarter, helped by strength at its wholesale commodities and generation businesses, though the estimate fell below current average analyst views.

Fifth Third Bancorp (FITB), a Cincinnati, Ohio-based regional lender, reported a 26% decrease in second-quarter profit as its mortgage-banking revenue declined and it recorded litigation-related charges.

J. M. Smucker Co. (SJM) is increasing its quarterly dividend 10%, citing confidence in its long-term growth.

Kinder Morgan Inc. (KMI) said second-quarter profit rose 2.5%, though the U.S. pipeline company's growth was muted by a comparison with a year earlier period that included a big one-time gain.

Las Vegas Sands Corp.'s (LVS) second-quarter profit rose 27% as the casino and resort operator said its Macau locations had strong growth in the mass gaming and nongaming segments.

M&T Bank Corp. (MTB), whose pending acquisition to acquire Paramus, N.J.-based bank Hudson City Bancorp Inc. has been on hold for almost two years, reported an 18% decrease in second-quarter profit as mortgage-banking revenue declined.

Student loan manager Navient Corp.'s (NAVI) profit dropped in the second quarter, the first reporting period following its spinoff from SLM Corp., better known as Sallie Mae.

An activist firm, Legion Partners Asset Management LLC, said that it is seeking substantial changes at Perry Ellis International Inc. (PERY), including the separation of the clothing producer's chairman and chief executive roles.

Philip Morris International Inc. (PM) said its second-quarter profit declined, as the cigarette maker continued to battle falling cigarette shipment volumes in the majority of its regions.

UnitedHealth Group Inc. (UNH) reported a better-than-expected increase of 7.1% in second-quarter revenue as the biggest U.S. health insurer saw growth in its public and senior markets.

W.W. Grainger Inc. (GWW) said its fiscal second-quarter earnings fell about 5% on employee-related restructuring costs, though the bottom line beat Wall Street expectations. The company narrowed its earnings outlook for the year.

Yum Brands Inc.'s (YUM) second-quarter earnings rose 19% as the parent company of KFC, Taco Bell and Pizza Hut reported that sales and margins in its China operations continued to improve.

Write to Anna Prior at anna.prior@wsj.com and Maria Armental at maria.armental@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Blackstone (NYSE:BX)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Blackstone Charts.
Blackstone (NYSE:BX)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Blackstone Charts.