Among the companies with shares expected to actively trade in
Tuesday's session are Citigroup Inc. (C), J.P. Morgan Chase &
Co. (JPM) and Johnson & Johnson (JNJ).
Citigroup reported its third-quarter profit rose as revenue
jumped, while also saying it plans to pull back from retail banking
in a raft of smaller countries. Shares rose 2.5% to $51.15 in
premarket trading.
J.P. Morgan Chase swung to a third-quarter profit as the bank
bounced back from a year-earlier period weighed down by massive
legal charges. But per-share earnings fell below analysts'
estimates. Shares fell 1.4% to $57.35 premarket.
Johnson & Johnson said its third-quarter earnings rose 59%
on higher pharmaceutical sales, despite a stronger U.S. dollar and
a smaller boost from its Olysio hepatitis C drug that faces new
competition from a recently approved pill. Shares gained 1.4% to
$100.50 premarket.
Wells Fargo & Co. (WFC) posted a 2.7% rise in third-quarter
net income as a continued slowdown in the bank's lucrative mortgage
business was offset by better expense controls and stronger credit
quality. Shares declined 1.3% to $49.55 premarket.
Google Inc. (GOOG) is expanding its delivery service and will
start charging a membership fee, intensifying its battle with
Amazon.com Inc. (AMZN) for consumer spending. Google's shares were
up 0.7% to $549.25 premarket.
Crown Castle International Corp. (CCI) received a letter from
Corvex Management suggesting the company change its capital
allocation plan. Shares were up 4.3% to $81.86 premarket.
Domino's Pizza Inc. (DPZ) posted another quarter of
better-than-expected results Tuesday, as the pizza maker's garlicky
crusts and improved pizza recipe continue to drive sales growth.
Shares gained 2.2% to $77.35 premarket.
Mallinckrodt PLC (MNK) gave a weaker-than-expected sales
forecast for its new fiscal year, despite a string of recent
acquisitions that have added several products to its portfolio. The
company called for per-share earnings of $6.70 to $7.20, compared
with a expectations of $6.80. Shares advanced 2.9% to $88.60
premarket.
Wolverine World Wide Inc. (WWW) said Tuesday its earnings rose
6.3% in the latest quarter, as lower operating expenses helped
offset a slight decline in revenue. The company also lowered its
revenue outlook for the year.
Signet Jewelers Ltd. (SIG, SIG.LN) said Chief Executive Michael
Barnes has resigned and will be succeeded by Mark Light, the
current president and chief operating officer.
People familiar with the matter say discussions are still
possible between Canadian Pacific Railway Ltd. (CP, CP.T) and CSX
Corp. (CSX) for a proposed merger.
Watchlist:
Floor and ceiling manufacturer Armstrong World Industries Inc.
(AWI) on Monday cut its sales estimates for the year, citing
stiffer competition and price pressure.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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