UPS United Parcel Service

Among the companies with shares expected to trade actively in Friday's session are Cigna Corp. (CI), Cognizant Technology Solutions Corp. (CTSH) and Herbalife Ltd. (HLF).

Cigna Corp. on Friday boosted its outlook for the year as earnings easily beat Wall Street expectations in the first quarter of the year, helped by more favorable medical costs in the health-care provider's government and commercial employer businesses. Shares rose 0.1% to $135.00 in premarket trading.

Cognizant Technology Solutions Corp. offered a downbeat view on earnings and revenue for the current quarter, as the information-technology provider on Friday reported profit climbed 15% in the latest period. Shares fell 1.89% to $56.50 premarket.

Gogo Inc. (GOGO) said revenue climbed in the first quarter, though the in-flight wireless Internet provider's loss deepened amid increased spending.

Herbalife Ltd. (HLF) said it was nearing a resolution to a regulatory investigation into whether the company was operating as a pyramid scheme. The nutritional-supplement maker said in a statement that it had progressed to an "advance stage" in talks with the Federal Trade Commission and that, while litigation remained a possibility, a settlement would include an estimated payment of $200 million. Shares rose 12.65% to $65.70 premarket.

Activision Blizzard Inc. (ATVI) on Thursday raised its projections for the year as it reported better-than-expected results for the first quarter, driven by higher digital sales and the newly acquired King Digital Entertainment.

Allscripts Healthcare Solutions Inc. (MDRX) swung to a first-quarter profit as the health-care information-technology company reported higher revenue driven by its client services segment.

Bats Global Markets Inc.'s (BATS) first-quarter profit doubled, driven by increased market volume and market share, in its first earnings report as a public company.

Southeastern chicken restaurant chain Bojangles' Inc. (BOJA) on Thursday raised its financial projections for the year as first-quarter results beat expectations.

Caesars Entertainment Corp. (CZR), once the world's largest gambling company, swung to a first-quarter loss on lower casino revenue and a large charge related to how much it will pay to support its largest unit, which is trying to reorganize under bankruptcy protection.

Cerner Corp. (CERN) on Thursday gave cautious guidance for the second quarter as first-quarter bookings declined slightly from the year-ago period.

CST Brands Inc. (CST), a gas-station and convenience-store company spun off from Valero Energy Corp. (VLO) in 2013, has agreed to sell 79 stores to 7-Eleven Inc. for $408 million.

DreamWorks Animation SKG Inc. (DWA), the entertainment studio behind "Shrek" and "Kung Fu Panda," swung to a first-quarter profit and beat Wall Street projections. It was the company's first financial update since Comcast Corp. reached a deal to buy DreamWorks for $3.8 billion.

El Pollo Loco Holdings Inc. (LOCO) on Thursday cut a key profit metric for the year and said it would open fewer restaurants following a 20% drop in first-quarter profit.

Endo International PLC (ENDP) on Thursday cut its projections for the year after reporting a wider first-quarter loss, driven by a $129.6 million impairment charge.

EOG Resources Inc. (EOG) on Thursday posted a wider loss and a sharp revenue decline in the first quarter, but the oil-and-gas producer said it exceeded its goals for cost-cutting and U.S. oil production.

FireEye Inc. (FEYE) on Thursday reported a wider loss for the first quarter and named Kevin Mandia as its new chief executive.

GoPro Inc. (GPRO) on Thursday said it was pushing back the release of its first drone to the holiday season as it swung to a more than $100 million loss and revenue fell nearly in half during the first quarter. The drone was initially slated to be released in the first half of the year.

McDermott International Inc. (MDR) raised its profit guidance for the year as the engineering and construction company reported that its first-quarter loss narrowed amid better-than-expected revenue growth.

News Corp (NWSA) swung to a loss in the March quarter as the company took a $280 million charge related to a legal settlement and turmoil in the advertising markets and foreign-currency fluctuations continued to weigh on the business.

Square Inc. (SQ) on Thursday posted a wider-than-expected loss for its first quarter as the payments provider reported rising expenses and set aside $50 million to help resolve a long-running legal dispute over the company's origins.

SunPower Corp. (SPWR) on Thursday posted a first-quarter loss, though the company said its residential, commercial and power plant operations fared well in the first quarter and it backed its financial guidance for the full year.

United Parcel Service Inc.'s (UPS) board approved spending up to $8 billion to buy back company stock. The company, which bought more than $9 billion worth of stock over the past three years, had said it intends to buy $2.7 billion more this year.

Valeant Pharmaceuticals International Inc. (VRX), which has come under scrutiny due to dramatic drug price increases, on Thursday admitted to making mistakes in setting drug prices and said it had set up a committee to review drug prices. The committee, which will initially be chaired by its new chief executive, will review the pricing of four drugs that were the focus of a series of Congressional hearings: life-saving heart drugs Isuprel and Nitropress along with Cuprimine and Syprine, used to treat Wilson's disease, a rare ailment involving a buildup of copper in the body.

Wingstop Inc. (WING) on Thursday posted better-than-expected results for the first quarter, with royalty and franchise fees increasing 21%.

Wynn Resorts Ltd. (WYNN) swung to a first-quarter profit even as it missed revenue projections, dragged down by its Macau operations. Still, the casino operator reported its smallest quarterly decline in revenue from Macau since the third quarter of 2014. The results follow the release of Macau government gambling figures for April that showed a smaller-than-anticipated decline, fueling hopes that the worst of times were behind for Macau.

Yelp Inc. (YELP) on Thursday raised its revenue projection for the year following better-than-expected results in the first quarter, even as higher spending drove a fifth consecutive quarterly loss.

Write to Chris Wack at chris.wack@wsj.com or Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

May 06, 2016 09:36 ET (13:36 GMT)

United Parcel Service (NYSE:UPS)
Historical Stock Chart
From Mar 2024 to Apr 2024

United Parcel Service (NYSE:UPS)
Historical Stock Chart
From Apr 2023 to Apr 2024