Among the companies with shares expected to actively trade in
Tuesday's session are RadioShack Corp. (RSH), Coach Inc. (COH) and
Yahoo Inc. (YHOO).
RadioShack swung to a wider-than-expected third-quarter loss as
the consumer-electronics retailer's same-store sales declined and
margins shrank. "Overall, our business performed below
expectations," said interim Chief Executive Dorvin D. Lively. "I am
most disappointed in our post-paid mobility business where we saw a
continued decline in margin performance." Shares slumped 13% to
$2.08 premarket.
Coach's fiscal first-quarter earnings rose 3% as a jump in
international sales helped to keep its margins flat with the
year-earlier period. Shares rose 6.4% to $57.65 premarket as the
maker of high-end leather goods said its board also authorized the
repurchase of up to $1.5 billion of stock by June 30, 2015. About
$85 million remains under its prior repurchase authorization.
Yahoo posted a third-quarter earnings report Monday aimed at
assuring investors the Internet company's core businesses have
stabilized, and its new CEO offered a few details on the Silicon
Valley standby's most-recent turnaround plan. Yahoo posted a big
profit gain for the period, thanks to its sale of shares in Chinese
Internet giant Alibaba Group Holding Ltd., but it showed tepid
growth in its key business of online display advertising. Shares
rose 4% to $16.40 premarket as results topped analyst
expectations.
ARM Holdings PLC (ARMH, ARM.LN) said it has entered the fourth
quarter with a record order backlog and a robust opportunity
pipeline as the microchip designer posted a double-digit percentage
rise in third-quarter revenue and profit, thanks to the rising
popularity of smartphones and tablet computers. Shares rose 5.9% to
$29.78 premarket.
E.I. DuPont de Nemours & Co.'s (DD) third-quarter earnings
fell 98% as the diversified U.S. manufacturer saw its revenue fall
and it was hit by large, one-time charges. Shares fell 5.6% to $47
premarket as results missed Wall Street expectations and the
company slashed its full-year adjusted earnings outlook.
Autoliv Inc. (ALV, ALIV-SDB.SK), a Swedish automotive-safety
company, cut its full-year earnings guidance as the accelerating
decline in the European market and a customer labor strike in South
Korea prompted a bigger-than-expected drop in third-quarter
profits. Shares fell 7% to $59.20 premarket.
Western Digital's fiscal first-quarter profit more than doubled
as hard-drive shipments continued to grow, though the company noted
short-term demand weakness. However, Western Digital projected
second-quarter earnings results below analyst expectations. Western
Digital's shares fell 8% to $32.40 premarket while shares of
competitor Seagate Technology Inc. (STX) declined 5% to $26.90.
Xerox Corp.'s (XRX) third-quarter profit shrank 12% as sales
from the printing-and-services company's technology segment
continued to wane. Shares fell 6.8% to $6.55 premarket as the
company again lowered its earnings expectations for the year, and
revenue fell below analyst estimates.
Veeco Instruments Inc.'s (VECO) third-quarter earnings plunged
62% as the company reported sharply lower revenue at its
light-emitting-diode and solar business. Shares were down 4.6% at
$27.56 in premarket trading Tuesday as the company projected
fourth-quarter results well below Wall Street views and said it
expects additional restructuring actions.
Watchlist:
Accenture PLC (ACN) has named Chief Executive Pierre Nanterme to
the additional post of board chairman, replacing William D. Green,
the consulting firm's former CEO.
Crane Co.'s (CR) third-quarter earnings rose 8.7% as the
diversified manufacturer recorded stronger profits in its two
largest segments. Earnings topped analyst expectations.
Forest Laboratories Inc. (FRX) has agreed to provide $125
million in financing to Latin American pharmaceutical company
Moksha8 as part of a deal that gives U.S. drug maker the option to
acquire Moksha8 as it seeks to expand its footprint in the
region.
Health Management Associates Inc.'s (HMA) third-quarter earnings
fell 5.5% as the hospital operator was hurt by derivatives impacts
and other items.
Johnson Controls Inc. (JCI) outlined a series of charges related
to restructuring and accounting changes, as it became the latest
U.S. company to adopt a mark-to-market accounting method for
pension and retirement costs.
John Bean Technologies Corp. (JBT) reported preliminary
third-quarter results below analyst expectations and lowered its
full-year earnings view, as the technology-solutions provider for
the food-processing and air-transportation industries saw its
results hurt by a shift in delivery schedules of several
orders.
Rent-A-Center Inc.'s (RCII) third-quarter earnings jumped 28% as
the provider of rent-to-own home-merchandise company continued to
post double-digit percentage revenue growth at its RAC Acceptance
arm. However, revenue growth missed analyst expectations.
Texas Instruments Inc. (TXN) said revenue dropped 2.2% in the
third quarter as the sluggish global economy and the growing
preference of big electronics manufacturers to make their own
microprocessors weighed on demand.
United Parcel Service Inc.'s (UPS) third-quarter earnings fell
56% on pension-restructuring charges as the package-delivery
company's revenue missed consensus estimates and margins shrank.
Still, UPS logged solid volume growth in the US, with ground and
deferred deliveries rising 3% and 9.3%, respectively.
Watson Pharmaceuticals Inc. (WPI) said the U.S. District Court
for the District of Columbia has ordered the Food and Drug
Administration to approve the company's generic version of the
Actos diabetes drug.
W.R. Berkley Corp.'s (WRB) third-quarter earnings rose 32% as
the specialty insurer's revenue benefited from rate increases.
Zions Bancorp's (ZION) third-quarter profit edged up 0.7% as the
Utah regional bank recorded a credit for loan losses, reflecting
improvement in the quantity and severity of problem loans.
Write to Anna Prior at anna.prior@dowjones.com.
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