Among the companies with shares expected to actively trade in
Tuesday's session are Office Depot Inc. (ODP), Hillshire Brands Co.
(HSH) and American International Group Inc. (AIG)
Office Depot Inc. said its first-quarter sales surged, bolstered
by its acquisition of former rival OfficeMax. Sales topped
analysts' expectations. The office-supply company also disclosed
plans to close several hundred stores. Shares rose 8.9% to $4.54
premarket.
American International Group Inc. said its first-quarter profit
fell 27% on a spike in costly insurance claims and a decline in
premiums at its core property-casualty unit. Operating income
exceeded Wall Street expectations, but analysts pointed to
weaker-then-expected property-casualty earnings. Shares fell 2.4%
to $51.43 premarket.
Hillshire Brands Co.'s fiscal third-quarter earnings beat
expectations as cost-cutting helped offset the impact of slow
overall volume. The meat-processing company also expects
fiscal-fourth-quarter per-share earnings at the high end of its
previous guidance. Shares rose 4% to $36.70 premarket.
Anadarko Petroleum Corp. (APC) swung to a first-quarter loss on
a $4.3 billion contingent loss related to its settlement of
litigation involving the 2006 acquisition of Kerr-McGee. The
exploration-and-production company's adjusted earnings and revenue
topped expectations. Shares rose 2.7% to $102.20 premarket.
Avago Technologies Ltd. (AVGO) will be listed in the S&P 500
after the market closes on Wednesday, a day after the chip maker
closes its acquisition of LSI Corp. (LSI). S&P Dow Jones
Indices, a part of McGraw Hill Financial, said Monday that Avago
will replace LSI in the index. Shares rose 3.2% to $66.30
premarket.
EOG Resources Inc. (EOG) said its first-quarter earnings rose
34% as the natural-gas and oil producer benefited from higher
production. Adjusted earnings and revenue topped analysts'
expectations. The company, which has increased its focus on oil,
raised its 2014 crude oil and overall production targets. Shares
rose 3% to $102.20 premarket.
Fabrinet (FN) projected per-share earnings and revenue for the
fiscal fourth-quarter that missed analysts' expecations. Shares
fell 12% to $19.40 premarket.
Mosaic Co. (MOS) said its first-quarter profit slumped 43%,
missing analysts' expectations, as lower prices weighed on sales.
Shares fell 41 cents to $49.30 premarket.
NRG Energy Inc. (NRG) said its first-quarter loss narrowed
significantly as the merchant power generator's revenue soared and
far outpaced market expectations. The company also has agreed to a
dropdown of assets to NRG Yield, Inc. for $349 million in total
cash consideration, including the assumption of $657 million in
project debt. Shares rose 1.3% to $34.20.
Tableau Software's (DATA) posted a first-quarter loss that was
narrower than feared while the business-software company's revenue
topped Wall Street expectations as it continued to add new
customers. Shares rose 8.3% to $62.80 premarket.
Vivus Inc. (VVUS) said its first-quarter loss narrowed sharply
as the biopharmaceutical company's revenue soared amid stronger
sales of its weight-loss drug, as well as license and milestone
payments. Shares rose 2.3% to $5.31 premarket.
Watchlist:
CareFusion Corp.'s (CFN) fiscal third-quarter earnings rose 21%
as the medical-equipment company's procedural solutions segment
again outperformed expectations. Still, the company's earnings and
revenue growth missed analysts' expectations.
Discovery Communications Inc. (DISCA, DISCB, DISCK) said
first-quarter profit edged down 0.4% as the media company's higher
expenses offset strong revenue growth, particularly in its
international segment.
Emerson Electric Co. (EMR) said its earnings for the first three
months of the year shrank 2.5% as the manufacturer posted weaker
revenue amid a recent divestiture.
Medifast Inc. (MED) reported fiscal first-quarter revenue that
fell more than expected. The weight-loss company also projected
per-share earnings and revenue for its fiscal second-quarter that
missed analysts' expectations.
National CineMedia Inc. (NCMI) said Monday it is acquiring
smaller rival Screenvision for $375 million in cash and stock,
bringing together the two major players in the cinema advertising
industry.
Tenet Healthcare Corp. (THC) said its first-quarter loss
narrowed on stronger revenue that was boosted by its Vanguard
Health Systems acquisition. However, adjusted earnings from
continuing operations missed analysts' estimates.
Sturm Ruger & Co.'s (RGR) first-quarter earnings rose 3% on
continued gun sales growth. The results topped Wall Street
views.
Vornado Realty Trust (VNO) first-quarter earnings fell 69% as
the commercial real-estate company took a hit from its stake in
Toys "R" Us Inc. Still, revenue topped analysts' estimates.
WellCare Health Plans Inc. (WCG) said first-quarter profit more
than doubled thanks to stronger revenue and membership rolls. The
health insurer raised its 2014 adjusted earnings and premium
revenue projections, mostly on its better-than-expected quarterly
results, as well as an improved outlook for its Medicaid
segment.
Zoetis Inc. (ZTS) said its first-quarter earnings rose 11% as
the animal-medicine maker reported strong sales in the U.S. and a
lower cost of sales.
Write to Tess Stynes at tess.stynes@wsj.com
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