Among the companies with shares expected to trade actively in
Thursday's session are Northrop Grumman Corp. (NOC), Ford Motor Co.
(F) and Alibaba Group Holding Ltd. (BABA).
Northrop Grumman on Thursday posted a 9.3% drop in profit amid a
worse-than-expected decline in sales, and the company adopted a
tax-method change. Shares fell 1.26% to $175.95 in premarket
trading.
Ford reported fourth-quarter net income of $1.9 billion, or 47
cents a share, swinging from a loss in the prior-year period, as
strength in its core North America market and a return to
profitability in Europe helped offset economic turbulence in
emerging markets. Shares rose 1.52% to $12.03 premarket.
Chinese e-commerce giant Alibaba easily topped expectations in
its latest quarter, as the company attracted users and squeezed
more from each transaction hosted on its marketplaces. Shares rose
3.29% to $71.83 premarket.
AutoNation Inc. (AN), the largest U.S. operator of auto
dealerships, reported a 16% drop in its fourth-quarter profit as
car incentives--offered primarily by luxury auto makers--eroded
profitability and forced the company to initiate cost-cutting
measures. Shares fell 2.41% to $43 premarket.
Altria Group Inc. (MO) reported profit and revenue that narrowly
missed Wall Street expectations, as the tobacco company saw its
cigarette shipments slip. Shares fell 2.05% to $57.75
premarket.
Blackstone Group LP (BX) said its fourth-quarter profit tumbled
as whipsaw markets took their toll on assets across its business.
Shares fell 2.38% to $24.99 premarket.
Valero Energy Corp. (VLO) said fourth-quarter earnings fell 74%
on a sharp decline in its ethanol business caused by declining
prices, while operating income in its refining business was
flat.
Home builder PulteGroup Inc. (PHM) posted better-than-expected
earnings and revenue growth in the fourth quarter, as orders and
closings climbed. Shares rose 7.59% to $17.30 premarket.
Under Armour Inc. (UA) posted double-digit revenue and profit
gains in its latest quarter on strong footwear and apparel
sales.
Harley-Davidson Inc. (HOG) cut its shipments projection for 2016
as it reported its profit sank 43% in the fourth quarter on
sluggish demand.
JetBlue Airways Corp. (JBLU) reported its profit more than
doubled in the final quarter of the year, handily beating Wall
Street expectations, as the airline soars on cheap fuel and
better-than-expected revenue performance above its peers.
Biopharmacuetical company Celgene Corp. (CELG) logged
better-than-expected revenue growth in its latest quarter thanks to
higher sales of its flagship drug, but earnings fell short of
expectations as costs increased.
Hershey Co. (HSY) said its fourth-quarter revenue fell 5%, hurt
by a sharp drop in chocolate sales in China, though earnings came
in above market expectations.
Baker Hughes Inc. (BHI) swung to a fourth-quarter loss and
reported a 49% decline in revenue, as the oil-field services
company continues to feel the impact from the downturn in energy
prices.
McCormick & Co. (MKC) warned currency fluctuations would
dent its earnings and revenue growth this year, but said its profit
edged up 0.8% in the latest quarter.
Ameriprise Financial Inc.'s (AMP) fourth-quarter profit fell
16%, as equity-market volatility and low interest rates weighed on
results.
Citrix Systems Inc. (CTXS) on Wednesday raised its 2016 profit
projection following a 38% increase in fourth-quarter profit.
Cliffs Natural Resources Inc.'s revenue slumped 54% in the
fourth quarter on lower production and iron-ore prices. Meanwhile,
its loss narrowed, partly due to lower production costs.
Crown Castle International Corp. (CCI) on Wednesday raised its
2016 guidance and said Chief Financial Officer Jay Brown will take
over as the company's top executive on June 1. Chief Executive Ben
Moreland will stay on as the board's executive vice chairman.
Discover Financial Services Inc. (DFS) on Wednesday posted a
lower-than-expected profit increase in the fourth quarter amid
weakness in its credit-card business.
EBay Inc. (EBAY) on Wednesday posted its fourth straight quarter
of declining year-over-year sales and issued lackluster financial
guidance, a troubling sign for the newly independent company.
Facebook Inc.'s (FB) quarterly profit topped $1 billion for the
first time, as the social network drummed up advertisers' interest,
leading to a 52% revenue surge.
Hologic Inc. (HOLX) posted stronger-than-expected first-quarter
results Wednesday, as its U.S. business turned in a double-digit
revenue increase.
Biopharmaceutical company Incyte Corp. (INCY) has called off a
mid-stage clinical trial for patients with metastatic colorectal
cancer after a customary data review didn't show sufficient
improvement among those treated with the combination drug.
Juniper Networks Inc. (JNPR) swung to a profit in the December
quarter, topping its projections, but the company gave mixed
guidance for the current quarter. The company also disclosed that
its chief financial officer had given notice last week that she
would resign after the company files its 10-K report.
Las Vegas Sands Corp.'s (LVS) profit tumbled in the most recent
quarter, as the casino operator continued to struggle in Macau.
Revenue at Sands China fell 22% in the fourth quarter.
McKesson Corp.'s (MCK) profit rose 34% in the December quarter,
helped by a lower tax rate.
Murphy Oil Corp. (MUR) said it has signed an agreement with
Enbridge G&P Limited Partnership (ENB) to sell its natural gas
pipeline assets in the Montney natural gas fields of northeastern
British Columbia.
PayPal Holdings Inc. (PYPL) on Wednesday posted
better-than-expected results for the December quarter, with active
user accounts keeping apace. PayPal, spun off from eBay Inc. last
year, has reported sequential user increases of 2% to 3%.
Qualcomm Inc.'s (QCOM) profit fell 24% in the latest quarter on
declines in its patent-licensing business and sales of smartphone
chips. The San Diego company also issued guidance for the current
quarter mostly below expectations.
SanDisk Corp.'s (SNDK) profit slid in its latest quarter, as the
chip maker booked merger-related charges ahead of its planned
acquisition by hard-drive maker Western Digital Corp. (WDC).
Sinclair Broadcast Group (SBGI), the owner of the most TV
stations in the country, said it agreed to buy the Tennis Channel
for $350 million, marking the local broadcast TV powerhouse's first
foray into the national cable television market. The Wall Street
Journal had reported in September that Sinclair had been in talks
for months to buy the closely-held Tennis Channel.
SL Green Realty Corp.'s (SLG) profit rose sharply in the
December quarter, as New York's largest office landlord continued
to benefit from higher rates and increased occupancy.
Texas Instruments Inc. (TXN) on Wednesday reported an increase
in fourth-quarter profit, though the company said weakness in the
personal-electronics market would hurt revenue in the current
quarter.
Tractor Supply Co. (TSCO) on Wednesday reported a slightly lower
fourth-quarter profit, while a key sales metric declined amid lower
sales of cold-weather staples, such as heating stoves and fuel.
Vertex Pharmaceuticals Inc.'s (VRTX) fourth-quarter loss
narrowed as revenue nearly tripled, helped by sales of cystic
fibrosis drug Kalydeco and new medication Orkambi.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
January 28, 2016 09:33 ET (14:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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