Among the companies with shares expected to trade actively in
Wednesday's session are Textron Inc. (TXT), SunEdison (SUNE) and
Tupperware Brands Corp. (TUP).
Textron Inc. showed a surprise fourth-quarter revenue decline as
the manufacturer gave a cautious 2016 forecast which includes
below-consensus EPS growth. Shares fell 9.65% to $34.09 in
premarket trading.
SunEdison Inc. said Wednesday that it has agreed to give David
Einhorn's Greenlight Capital a seat on its board and amend its
corporate governance policies following a collapse in the
solar-power company's stock price. Shares rose 5.9% to $3.23
premarket.
Tupperware Brands Corp. gave downbeat guidance after posting a
worse-than-expected drop in sales as the stronger dollar continues
to dent results for the maker of plastic food ware with a heavy
overseas presence. Shares fell 11.6% to $45.51 premarket.
Boeing Co. (BA) on Wednesday gave 2016 guidance that fell well
short of Wall Street expectations, though the world's largest
aerospace company posted fourth-quarter profit that easily topped
analysts' views. Shares fell 5.91% to $120.45 premarket.
Biogen Inc. (BIIB) on Wednesday reported better-than-expected
results for its fourth quarter as sales of its multiple sclerosis
drug Tecfidera grew. Shares rose 5.09% to $273.10 premarket.
EMC Corp. (EMC), awaiting the completion of its acquisition by
Dell Inc., said profit in its latest quarter declined as a strong
dollar hit revenue and as the company booked merger and
restructuring charges. Shares fell 1.65% to $23.90 premarket.
State Street Corp. (STT) reported a decline in fourth quarter
revenue as weaker global equity markets dented the fees generated
by the trust bank.
United Technologies Corp. (UTX) on Wednesday reported revenue
declines among all four of its units as the company faced currency
headwinds and restructuring costs.
Hess Corp. (HES) deepened its loss in its fourth quarter amid
big drops in energy prices. The company, however, reaffirmed its
2016 production forecast, predicting 330,000 to 350,000 barrels of
oil equivalent per day.
Apple Inc. (AAPL) on Tuesday reported the slowest quarterly
iPhone sales increase since its introduction in 2007 and forecast
the steepest quarterly revenue decline in 15 years.
AT&T Inc. (T) on Tuesday reported a smaller-than-projected
revenue increase in the fourth quarter as it added fewer mainstream
wireless customers than a year earlier.
CA Inc. (CA) said earnings edged higher in the latest reporting
quarter, as lower expenses offset a decline in the
information-technology company's revenue.
Capital One Financial Corp. (COF) on Tuesday reported a 7.9%
profit decline in the fourth quarter, hurt by higher marketing and
operating expenses.
Health insurer Centene Corp.(CNC), which is merging with Health
Net Inc.(HNT), expects 2015 revenue at the top end of its
guidance.
Citizens Financial Group Inc. (CFG) will join the S&P 500 on
Friday after the market closes and RE/MAX Holdings Inc. is to join
the S&P SmallCap 600 after the close of trading on Feb. 2,
S&P Dow Jones Indices said Tuesday.
The former ACE Ltd. and Chubb Corp. each posted lower
fourth-quarter operating earnings on Tuesday, less than two weeks
after ACE completed its $29.5 billion acquisition of Chubb Corp.
and took the Chubb Ltd. (CB) name.
CMS Energy Corp. (CMS) said Tuesday that Chief Executive John
Russell will step down on July 1 and become its chairman. Patricia
Kessler Poppe, senior vice president for energy distribution, will
succeed Mr. Russell as president and CEO.
Ethan Allen Interiors Inc. (ETH) on Tuesday posted
stronger-than-expected results for its December quarter on higher
sales in its retail and wholesale segments.
FedEx Corp.'s (FDX) board on Tuesday authorized a new stock
repurchase program of up to 25 million shares, worth more than $3
billion.
International Business Machines Corp. (IBM) on Tuesday elected
Mark Fields, chief executive of Ford Motor Co., to its board of
directors. The appointment is effective March 1.
Molson Coors Brewing Co. (TAP) on Tuesday projected
fourth-quarter results mostly below analysts' expectations as the
brewer said its performance was hurt by currency impacts along with
the loss of the Modelo brands and Heineken brewing contracts in the
U.S.
Noble Energy Inc. (NBL) said Tuesday that it will cut its
dividend by 44% and slash capital spending in half this year as it
faces a prolonged slump in commodity prices.
Stryker Corp.'s (SYK) profit more than doubled in the December
quarter as sales topped its raised guidance.
Electronic payment processor TSYS (TSS) will buy payments
processor TransFirst for about $2.35 billion, a deal that would
expand its customer base but also pressure its debt load. After the
deal was announced Tuesday, Standard & Poor's Ratings Services
cut TSYS's credit and debt ratings by two notches to
triple-B-minus, just above so-called junk status.
Hedge fund Altimeter Capital and PAR Investment Partners on
Tuesday disclosed they are talking with United Continental Holdings
Inc. (UAL) over possible changes at the airline. The two firms
reported a combined 5.5% stake in the airline.
U.S. Steel Corp. (X) swung to a fourth-quarter loss and said it
faces "significant headwinds and uncertainty" in 2016.
Visteon Corp. (VC), a former division of Ford Motor Co., said
Tuesday that its chief financial officer will step down once a
successor is appointed. The company said it expects the search to
be completed by March 31.
VMware Inc.(VMW), seeking solid footing after being caught in
the middle of the massive Dell Inc.-EMC Corp. merger, said Tuesday
it was cutting some 800 positions and EMC's finance chief would
replace a key executive.
Wells Fargo & Co. (WFC) said Tuesday that its board approved
the repurchase of an additional 350 million shares of the San
Francisco-based bank's stock.
Write to Chris Wack at chris.wack@wsj.com and Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
January 27, 2016 09:29 ET (14:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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