Among the companies whose shares are expected to actively trade
in Wednesday's session are Apple Inc. (AAPL), Intel Corp. (INTC)
and Abbott Laboratories (ABT).
Apple Inc.'s (AAPL) fiscal fourth-quarter earnings surged 54%
but missed expectations as sales of the company's signature
smartphone fell short of many projections. The company's shares
fell 5.2% in premarket trading to $400.19.
Intel's third-quarter profit rose a bigger-than-expected 17% as
strong sales of its notebook computer chips drove earnings. Shares
rose 3.5% to $24.24 premarket, as the company predicted an upbeat
fourth-quarter revenue.
Abbott Laboratories climbed 8% to $56.65 premarket as it said it
plans to split into two publicly traded companies, separating its
medical products and research-based pharmaceuticals operations, as
it disclosed third-quarter earnings dropped 66% on restructuring
charges. Results still beat expectations.
Yahoo Inc.'s (YHOO) third-quarter earnings fell 26% as continued
revenue declines outpaced cost reductions. Shares in the Internet
company were up 2.6% at $15.87 premarket as the bottom line beat
analysts' expectations for a deeper drop.
Intuitive Surgical Inc.'s (ISRG) third-quarter earnings rose 41%
as the surgical-robot maker's sales climbed, driven by continued
adoption of robotic procedures and sales of its da Vinci surgery
systems. Shares were up 8% at $413.50 in recent premarket trading
as the results handily topped estimates.
Morgan Stanley's (MS) profit surged in the third quarter, easily
topping a challenged year-earlier period and advancing recent
strides made against rival investment bank Goldman Sachs Group Inc.
(GS). Still, shares slipped 1.1% to $16.45 premarket.
Cree Inc.'s (CREE) fiscal first-quarter profit fell 78% as
higher sales costs and stagnant sales weakened the
electronic-components maker's margins. Shares fell 4.6% to $26.50
premarket as the company also forecast a downbeat second-quarter
profit.
Juniper Networks Inc.'s (JNPR) third-quarter earnings fell 38%
as the network-equipment maker booked a larger
restructuring-related charge and margins fell despite sales growth.
Shares slipped 2.3% to $20.91 premarket.
Oddo Securities downgraded its stock-investment rating on
Alcatel-Lucent (ALU, ALU.FR) to neutral from buy after U.S. peer
Juniper Networks and Sony-Ericsson pointed to increasingly
challenging market conditions in Europe. Alcatel-Lucent's shares
fell 6.5% to $2.75 premarket.
ON Semiconductor Corp. (ONNN) said its Sanyo chip facility in
Thailand won't restart for an indefinite period of time, as recent
flooding is expected to hurt earnings and production for at least
three quarters. Shares fell 7% to $7.50 in light premarket
trading.
Checkpoint Systems Inc. (CKP) shares tumbled 24% premarket after
the retail systems management company indicated its fiscal
third-quarter and full-year results would fall short of
expectations, and announced a restructuring plan that will impact
over 1000 employees.
Powerwave Technologies Inc. (PWAV) predicted revenue would fall
by about half in the latest quarter, as the company, which makes
amplifiers used in wireless communications networks, said revenue
for its fiscal third quarter ended Oct. 2 would range from $75
million to $79 million, while analysts surveyed by Thomson Reuters
had been expecting $169 million. Shares tumbled 41% to 86 cents in
premarket trading.
Hawaiian Holdings Inc.'s (HA) third-quarter earnings fell a
smaller-than-expected 16% as the passenger airline saw the return
of traffic to Japan. Shares were up 8.7% at $5.35 in light
premarket trading.
Agnico-Eagle Mines Ltd. (AEM) said early Wednesday it's
suspending mining operations and gold production immediately at its
Goldex mine in Quebec due to mine infrastructure issues. The
Toronto-based gold producer will record a third-quarter charge of
about $170 million or $1 a share to write off its investment in the
mine. Shares tumbled 13% to $49.50 premarket.
Apollo Group Inc.'s (APOL) shares added 4.8% to $45.41 premarket
as its fiscal fourth-quarter earnings quadrupled on fewer charges,
but revenue declined as the for-profit education company continued
to see a drop in enrollment.
The chairman and chief executive of USA Technologies Inc. (USAT)
resigned as expected last Friday after a company investigation
accused him of leaving hundreds of comments about the company on an
online message board. Shares climbed 22% to $1.40 in light
premarket trading.
United Rentals Inc.'s (URI) third-quarter profit nearly tripled
as equipment-rental revenue and rental rates surged, helping
results to easily top expectations. Shares added 8.2% to $22.78
premarket.
Watch List:
Bank of New York Mellon Corp.'s (BK) third-quarter profit
improved 8.7% as the trust bank recorded higher fee revenue and net
long-term asset inflows from a year earlier.
BlackRock Inc.'s (BLK) third-quarter profit rose 8%, aided by a
large tax benefit, but the money manager saw assets under
management shrink 8.6% from the second quarter.
Comerica Inc.'s (CMA) third-quarter earnings rose 66% after an
acquisition helped add $2 billion of loans to the
financial-services company's portfolio.
Computer Sciences Corp. (CSC) said Tuesday that Michael W.
Laphen is retiring from his post as chairman, chief executive and
president, and a search for a successor has begun.
CSX Corp.'s (CSX) third-quarter earnings increased 12% as the
railroad company posted double-digit percentage revenue growth but
saw volumes rise only slightly.
Clinical stage biopharmaceutical company Cytokinetics Inc.
(CYTK) said it will cut its work force to 83 people and narrow its
resources to focus on the development of its treatments for heart
failure and muscular dysfunction.
E.I. DuPont de Nemours & Co. (DD) filed a
patent-infringement suit against Monsanto Co. (MON). In a brief
statement, Dupont alleged Monsanto violated its patent for a seed
production technique, one that "increases seed corn vigor to
improve germination under stress."
Infinera Corp. (INFN) swung to a third-quarter loss as the
communications-gear maker reported sharply lower revenue and
margins.
JetBlue Airways Corp. (JBLU) said Chief Financial Officer Ed
Barnes has resigned effective immediately and an interim financial
chief has been named as the company searches for a permanent
replacement.
M&T Bank Corp.'s (MTB) third-quarter earnings fell 4.6% on
merger-related charges as the regional bank continued to reduce the
amount of loans written off.
Piper Jaffray Cos. (PJC) swung to a surprise third-quarter loss
as the investment bank struggled within a diminished capital
markets environment.
PNC Financial Services Group Inc.'s (PNC) third-quarter profit
slipped 25% absent a big year-earlier acquisition gain, though
revenue also dropped slightly as both noninterest and net interest
income dipped from a year earlier.
RLI Corp.'s (RLI) third-quarter profit declined 6.8% as the
property-and-casualty insurer earned less from investments, though
its core performance improved on higher underwriting income.
Sensata Technologies Holding N.V. (ST) swung to third-quarter
profit as the maker of sensors and controls booked a much smaller
currency loss and saw revenue climb.
Sonic Corp.'s (SONC) fiscal fourth-quarter earnings more than
doubled, absent a year-earlier impairment charge, as the drive-in
restaurant chain saw its sales decline again.
Sonoco Products Co.'s (SON) third-quarter earnings rose 31% as
higher selling prices helped boost the packaging company's revenue,
but the company again lowered its per-share earnings forecast.
Textron Inc. (TXT) swung to third-quarter profit absent
prior-year charges as the conglomerate reported strong performances
at its Cessna and Bell businesses.
United Technologies Corp.'s (UTX) third-quarter earnings rose
11% as the conglomerate reported sales growth across its
businesses.
Werner Enterprises Inc.'s (WERN) third-quarter profit climbed
22% as the trucking company again saw double-digit percentage
revenue growth and expanded margins, though fuel prices rose.
-Edited by Corrie Driebusch and Caitlin Nish; write to
caitlin.nish@dowjones.com and corrie.driebusch@dowjones.com