Among the companies whose shares are expected to actively trade in Tuesday’s session are Coca-Cola Co. (KO), Yum Brands Inc. (YUM) and Becton Dickinson & Co. (BDX).
Coca-Cola’s fourth-quarter earnings fell 71% from a year-earlier period that included a large gain from the purchase of some bottling operations, but shares gained 1.3% to $68.90 in recent premarket trading as the soda giant’s case volume continued to rise.
Yum Brands’ fourth-quarter income rose 30% as the fast-food company’s sales in China continued to grow, and U.S. sales improved. Shares were up 2.1% premarket at $64.50 as earnings and revenue beat estimates.
Becton Dickinson’s fiscal first-quarter earnings fell 17% on higher raw materials costs and expenses from recent acquisitions as the medical-device maker’s revenue edged up slightly. Shares dropped 0.8% to $79.89 premarket as the company also lowered its full-year earnings estimate on flat revenue to reflect the impact of a strengthening USD.
Anadarko Petroleum Corp. (APC) swung to a fourth-quarter loss on Deepwater Horizon disaster-related settlement charges and asset write-downs. Adjusted earnings and revenue beat expectations.
BRE Properties Inc.’s (BRE) fourth-quarter earnings soared as a profitability metric for the real-estate investment trust improved and as charges related to the extinguishment of debt weighed on year-ago results.
Cadence Pharmaceuticals Inc. (CADX) said it is voluntarily recalling one lot of its Ofirmev injection after an unidentified particle was found in one of the lot’s vials during routine stability testing.
Central European Distribution Corp. (CEDC) said it is reviewing the latest offer from shareholder Russian Standard Corp. for a strategic alliance that would expand the wine and spirits distributors’ collective reach. Shares fell 2.2% to $5.78 premarket.
Church & Dwight Co.’s (CHD) fourth-quarter earnings rose 36% as the consumer-products maker posted better-than-expected sales growth despite intense price competition.
Gentiva Health Services Inc. (GTIV) said it now expects the impact of an unfavorable Medicare ruling to push it out of compliance with its financial covenant ratios this year, a prediction it offered as it also reported its fourth-quarter profit slumped 71% from a year earlier.
Emerson Electric Co.’s (EMR) fiscal first-quarter profit fell 23% as sales took a hit from supply chain disruptions and economic uncertainty that led customers to pare back inventories. Shares fell 2.6% to $52 premarket.
InterDigital Inc. (IDCC) forecast downbeat first-quarter revenue, saying the projection reflected a shift in market share. Shares dropped 5.3% to $38.50 premarket.
Leggett & Platt Inc.’s (LEG) fourth-quarter earnings fell 72% as the diversified manufacturer’s bottom line was hurt by a restructuring charge and weaker margins.
Liberty Property Trust’s (LRY) fourth-quarter earnings rose 16% on a slight increase in revenue and improved occupancy rates.
Lincare Holdings Inc.’s (LNCR) fourth-quarter earnings fell 3.3% as the oxygen-equipment provider was hurt by higher costs for the products and services it provides, as well as rising overhead costs and bad-debt expense.
NCR Corp. (NCR) swung to a fourth-quarter loss as write-down and pension charges weighed on results, though core earnings improved from the year earlier. The company also agreed to sell assets of its entertainment business to Coinstar Inc. (CSTR) for $100 million. NCR shares jumped 7.7% premarket to $20.50, while Coinstar surged 18% to $59.60 as its fourth-quarter earnings more than doubled.
Orthofix International NV (OFIX) said it reached a series of agreements to resolve federal investigations into three of its businesses.
Owens & Minor Inc.’s (OMI) fourth-quarter profit rose 9.9% on slightly higher-than-expected revenue.
Pantry Inc.’s (PTRY) fiscal first-quarter loss narrowed as the convenience-store operator’s same-store merchandise sales grew, though gas sales volume continued to fall.
PartnerRe Ltd. (PRE) swung to a fourth-quarter loss as costs tied to flooding in Thailand and an earlier earthquake disaster in Japan weighed on the reinsurer’s bottom line.
Plains Exploration & Production Co.’s (PXP) daily sales volume climbed 13% in the fourth quarter, including 12% growth in oil and liquids volume, driven by a strong performance in the Eagle Ford and Haynesville shale regions.
PMC-Sierra Inc.’s (PMCS) fourth-quarter earnings more than doubled as the chip maker booked a big tax recovery. However, shares were down 6.1% to $6.33 premarket as revenue declined.
Post Properties Inc.’s (PPS) fourth-quarter earnings rose 22% as occupancy and monthly rents grew from a year earlier, but funds from operations, a key profitability metric for real-estate investment trusts, fell on a charge.
Scotts Miracle-Gro Co.’s (SMG) fiscal first-quarter loss widened as the lawn-and-garden products company was hurt by weak sales volume and commodities cost pressures.
TransDigm Group Inc. (TDG) swung to a profit in the fiscal first quarter on prior-year refinancing costs, as the aircraft components company’s revenue received a big boost from acquisitions. The company also raised its per-share earnings estimate for the year.
Unum Group (UNM) swung to a fourth-quarter loss as the insurer’s decision to discontinue group long-term care policies triggered heavy charges, though both its main business segments reported stronger profits.
ViroPharma Inc. (VPHM) said the U.S. Food and Drug Administration has rejected its proposal to expand manufacturing of Cinryze, its treatment for angioedema — a type of swelling similar to hives. Shares dropped 5.6% to $28.80 premarket.
WPX Energy Inc. (WPX) lowered its capital spending view for the year due to a decline in natural gas prices and said it plans to focus its program on growing its oil and natural gas liquids production.
StockMarketNews Research Team