Among the companies with shares expected to actively trade in
Tuesday's session are ATMI Inc. (ATMI), J.C. Penney Co. (JCP) and
Michael Kors Holdings Ltd. (KORS).
Entegris Inc. (ENTG) agreed to acquire ATMI for $1.15 billion, a
deal that would combine two semiconductor industry suppliers in
Entegris' bid to become a more global leader. Entegris shares
surged 17% to $12 premarket, while ATMI rose 25% to $33.76,
approaching the offer price of $34 a share.
Furiex Pharmaceuticals Inc. (FURX) said its treatment for
diarrhea-predominant irritable bowel syndrome showed simultaneous
improvements in stool consistency and abdominal pain in two Phase
III studies. The drug developer's shares surged 78% to $82 in
recent premarket trading.
J.C. Penney said its same-store sales during the holiday period
rose, notching its first quarterly increase in years as the
struggling retailer works to turn around its business. Shares edged
up 3.5% to $5.88 premarket.
Michael Kors said its fiscal third-quarter profit soared 77% as
the retailer benefited from a strong holiday shopping season and
revenue crushed market expectations. The company again raised its
outlook for the year. Shares surged 20% to $92.15 premarket.
Take-Two Interactive Software Inc. (TTWO) dramatically increased
revenue and profit in its fiscal third quarter, as continuing
strong demand for "Grand Theft Auto V" and other titles helped
overcome problems that have hurt competitors. But the company gave
a disappointing outlook, which dragged shares down 5.8% to $17.80
premarket.
Yum Brands Inc. (YUM) said its fourth-quarter profit slipped
4.7%, but the parent company of KFC, Taco Bell and Pizza Hut said
it is making progress in its efforts to bolster flagging KFC sales
in China. Shares climbed 5.2% to $69.60 premarket.
Watch List:
Anadarko Petroleum Corp. (APC) swung to a fourth-quarter loss on
contingent losses linked to a legal dispute related to the
company's 2006 acquisition of Kerr-McGee.
Dunn & Bradstreet Corp. (DNB) shares fell after the company
posted earnings that came in under analysts' expectations, and also
unveiled a new management structure.
General Growth Properties Inc. (GGP) said its fourth-quarter
profit surged as it reported a higher mall-leased percentage and a
bigger-than-expected increase in revenue.
HCA Holdings Inc. (HCA) said its fourth-quarter earnings rose
35% on improved revenue that masked a decline in the hospital
operator's same-facility admissions. The company projected earnings
for 2014 that were below estimates.
Hologic Inc. (HOLX) swung to a fiscal first-quarter loss as
revenue weakened, driven by declines in its diagnostics segment,
although adjusted earnings and revenue beat expectations.
Lockheed Martin Corp. (LMT) is launching a new civilian version
of its C-130J Super Hercules military cargo aircraft that a senior
executive said could be available for energy and mining companies
to supply remote areas with personnel and equipment by 2018. The
company believes there is a market for up to 75 new Hercules
aircraft, a model that it stopped producing for the civilian market
in 1992.
Principal Financial Group Inc. (PFG) said its fourth-quarter
earnings rose 8.6%, touting its strong results for the period amid
continued economic concern.
Write to Michael Calia at michael.calia@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires