Among the companies with shares expected to actively trade in
Wednesday's session are Lowe's Cos. (LOW), Staples Inc. (SPLS) and
American Eagle Outfitters Inc. (AEO).
Lowe's fiscal second quarter earnings jumped 26%, beating Street
views, as the home improvement retailer logged double-digit
percentage revenue growth, buoyed by an improving housing market.
Shares rose 4.5% to $46.05 premarket as the company also raised its
view for the year.
Staples' fiscal second-quarter earnings slumped 15% as the
office-supply giant continued to be pressured by weak sales abroad,
while North American retail sales also declined. Citing
weaker-than-expected results for its second quarter, Staples
lowered its view for the year. Shares dropped 9.3% to $15.28
premarket.
American Eagle Outfitters' fiscal second-quarter earnings edged
up 3%, but the teen retailer's shares tumbled 9.7% to $14.80
premarket as the company issued a third-quarter profit outlook
well-below consensus views.
Incyte Corp. (INCY) said top-line results of its Phase 2 trial
for a potential pancreatic cancer treatment found significantly
improved survival when using the drug in certain kinds of patients
compared with a placebo. Shares jumped 21% to $32.50 premarket.
Galena Biopharma Inc. (GALE), a biopharmaceutical company, said
the European Patent Office notified the company of an intention to
grant a pharmaceutical use patent for NeuVax. The patent covers the
use of NeuVax as a vaccine for the prevention of relapse in certain
breast cancer patients. Shares jumped 7.6% to $2.12 premarket.
Morgan Stanley upgraded Veolia Environnement SA (VE, VIE.FR) to
overweight from equalweight, citing the company's turnaround
efforts. The firm said that Veolia is "moving towards a smaller but
leaner company," with water and waste management businesses that
are leading globally. American depositary shares rose 5.8% to
$15.06 premarket.
21Vianet Group Inc. (VNET), a carrier-neutral internet data
center services provider in China, reported second-quarter adjusted
per-share earnings that missed analysts' estimates. American
depositary shares dropped 6.7% to $13.05 premarket.
Watchlist:
Analog Devices Inc.'s (ADI) fiscal third-quarter profit rose
3.8% as the chip maker's margins strengthened and operating costs
decreased, masking lower revenue.
Intuit Inc. (INTU) swung to a fiscal fourth-quarter loss as the
online tax preparer's selling and marketing expenses sharply
climbed, masking an increase in revenue.
J.M. Smucker Co.'s (SJM) fiscal first-quarter earnings rose 14%
as the food maker's volume improved and margins grew amid lower
costs.
Key Tronic Corp. (KTCC), a provider of electronic manufacturing
services, reported a 37% drop in net income for its fiscal fourth
quarter compared with the year ago period, as revenue fell 13%.
La-Z-Boy Inc.'s (LZB) fiscal first-quarter earnings more than
doubled as the furniture company's sales and margins continued to
strengthen. Earnings beat Wall Street estimates, though revenue
came up short.
Target Corp.'s (TGT) fiscal second-quarter earnings fell 13% as
expenses related to the discount retailer's expansion in Canada
masked modest revenue growth and improved same-store sales at its
U.S. operations.
Toll Brothers Inc.'s (TOL) fiscal third-quarter profit fell 24%
as the home builder posted a tax expense, yet again reported
revenue growth.
Write to Anna Prior at anna.prior@wsj.com
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