Among the companies with shares expected to actively trade in
Tuesday's session are Target Corp. (TGT), Gannett Co. (GCI) and CVS
Caremark Corp. (CVS).
Target lowered its second-quarter outlook, pointing to
promotional markdowns at its U.S. stores and softer-than-expected
sales in Canada. Shares fell 4.8% to $57.80 in premarket
trading.
Gannett said it will spin off its publishing business, creating
two separate publicly traded companies, and confirmed it will buy
full ownership of Cars.com for $1.8 billion. Shares jumped 6.8% to
$36.65 premarket.
CVS Caremark said its second-quarter earnings rose 11% as the
company saw growth in its services and retail businesses. The
company also boosted its earnings guidance for the year. Shares
gained 1.1% to $78.23 premarket.
Bloomin' Brands Inc. (BLMN) lowered its earnings outlook and
said its second-quarter profit fell as the Outback Steakhouse
parent recorded higher expenses and faced weak traffic at its
restaurants. Shares dropped 10.4% to $17.75 premarket.
Archer Daniel Midlands Co. (ADM) said second-quarter earnings
more than doubled as the company reported recovering U.S.
grain-export volumes. Shares declined 2.2% to $48 premarket.
Time Inc. (TIME), the publishing business spun off from Time
Warner Inc. (TWX), posted a second-quarter bottom line that topped
analysts' expectations. Shares were inactive premarket.
Motorola Solutions Inc. (MSI) said its second-quarter sales
slipped, while the company's guidance for the current period was
weaker than expected. Shares sank 3.6% to $61.80 premarket.
Walgreen Co. (WAG) said same-store sales rose 5.2% in July, as
strong pharmacy sales helped to offset weaker front-end traffic.
Shares fell slightly to $71.50 premarket.
Allergan Inc. (AGN) continued its offense against Valeant
Pharmaceuticals International Inc.'s (VRX, VRX.T) hostile bid for
the Botox maker, saying Valeant's disclosures remain insufficient
and inconsistent.
Cablevision Systems Corp.'s (CVC) second-quarter revenue rose as
higher advertising and increased cable profits helped offset a drop
in video subscribers.
Emerson Electric Co.'s (EMR) fiscal third-quarter earnings
surged on lower costs and a favorable comparison with the year-ago
period. But results missed expectations and the company predicted
fiscal-year results will come in at the lower end of its prior
guidance.
Office Depot Inc. (ODP) reported a surprise second-quarter
adjusted per-share profit and raised projected savings from its
merger with rival OfficeMax at least 25% for the year.
Coach Inc. (COH) said its fiscal fourth-quarter profit fell
sharply, as the retailer's North American sales declined and its
costs and expenses increased.
Actavis PLC (ACT) swung to a profit in the second quarter as the
company posted a double-digit increase in revenue. The company also
raised its earnings guidance for the year.
Monster Worldwide Inc.'s (MWW) second-quarter revenue fell short
of expectations and the company issued third-quarter guidance well
below analysts' forecasts.
Och-Ziff Capital Management LLC's (OZM) second-quarter earnings
surged, driven by double-digit increases in revenue from management
fees and income of consolidated funds.
MGM Resorts International (MGM) said it swung to a
second-quarter profit amid growth at its domestic casinos and
resorts.
Vulcan Materials Co. (VMC) reported its second-quarter profit
rose 60% as shipments in its aggregates segment increased.
Watchlist:
American International Group Inc. (AIG) posted a 13% jump in
second-quarter profit, aided by solid results in its core
operations and a large gain from the last of a series of
divestitures prompted by its crisis-era government bailout.
Avis Budget Group Inc. (CAR) swung to a second-quarter profit as
strong volume and pricing continued into the summer, prompting the
car-rental company to increase its guidance for the year.
Community Health Systems Inc. (CYH) said it agreed to pay a
combined $89.2 million in a settlement that ends government
inquiries into whether the company improperly billed Medicare,
Medicaid and Tricare for certain inpatient admissions the
government claimed should have been billed as outpatient or
observation cases.
Dresser-Rand Group Inc.'s (DRC) second-quarter profit fell 45%
partly due to lower bookings from "a Latin American national oil
company," but the company said its results were in line with its
guidance and said it's seeing a "pickup" in bookings.
Groupon Inc. (GRPN) named LinkedIn Corp. (LNKD) executive Parker
Barrile to head its teams focused on web, mobile and design as the
company strives to remake itself as an e-commerce player rather
than a daily-deals website.
Houston American Energy Corp. (HUSA) and Chief Executive Officer
John F. Terwilliger face charges of misleading investors by
exaggerating the company's oil reserves in Colombia, the Securities
and Exchange Commission said Monday. The alleged actions occurred
in late 2009 and early 2010, when the company raised about $13
million in a public offering.
Jamba Inc. (JMBA) said Monday systemwide same-store sales
increased 2.5% for the second quarter, reflecting a strong response
for its fresh-squeezed juice and whole-food blending platform.
LeapFrog Enterprises Inc. (LF) reported a disappointing fiscal
first-quarter revenue and margins that were hurt by high inventory
levels carried over from the 2013 holiday season.
Panera Bread Co. (PNRA) said Monday Executive Vice President and
Chief Financial Officer Roger Matthews has resigned effective Aug.
6 to "pursue other interests," the company said.
Pioneer Natural Resources Co. (PXD) agreed to sell its Hugoton
and Barnett Shale assets for about $495 million, part of its move
to focus on its oil-related Spraberry/Woldcamp assets in the
Permian Basin in West Texas.
RetailMeNot Inc.'s (SALE) second-quarter profit fell 16% as the
online-coupon company reported a 49% rise in expenses that masked
revenue growth.
Tenet Healthcare Corp.'s (THC) second-quarter loss narrowed amid
improved admissions that received a boost from the U.S. health-care
policy overhaul.
Vornado Realty Trust's (VNO) second-quarter earnings fell 39% as
the company recorded another loss from its stake in Toys "R" Us
Inc.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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