Among the companies with shares expected to actively trade in
Tuesday's session are McDonald's Corp. (MCD), Coca-Cola Co. (KO)
and CIT Group Inc. (CIT).
McDonald's said its second-quarter profit slipped 1% and sales
and restaurants open more than a year were flat globally. The
company added it expects full-year global same-store sales to be
relatively similar to the lackluster performance seen since the
start of the year. Shares fell 2.3% to $95.36 premarket.
Coca-Cola said its second-quarter profit and revenue declined,
despite a 3% increase in worldwide unit-case soda volume. Shares
dropped 1.9% to $41.58 premarket.
CIT Group agreed to buy the parent company of OneWest Bank NA
for $3.4 billion in cash and stock. The business lender also said
its second-quarter profit rose sharply, beating analysts'
estimates. Shares jumped 8.1% to $47.50 premarket.
DuPont Co. (DD) said its second-quarter earnings edged up 3.9%,
though operating earnings fell amid softness for the company's
agriculture segment. In addition, the company's board approved a 4%
increase in its quarterly dividend. Shares were up slightly to
$65.70 premarket.
Comcast Corp.'s (CMCSA) second-quarter profit rose 15%, as it
reduced its rate of video-subscriber losses, posted an increase in
high-speed Internet customers and boosted profit in its
NBCUniversal entertainment arm. Shares rose 1.5% to $54.65
premarket.
Verizon Communications Inc. (VZ) said its second-quarter profit
surged 88% thanks to its recent acquisition of Verizon Wireless and
a big increase in customers signing long-term service contracts for
their tablets. Shares edged up 0.4% to $50.90 premarket.
Travelers Cos. (TRV) posted an 18% decline in its second-quarter
operating profit, falling short of Wall Street analysts'
expectations, as claims from wind and hail storms drove catastrophe
losses higher. Shares dropped 3.4% to $92.03 premarket.
United Technologies Corp. (UTX) said its second-quarter earnings
rose 7.7% as revenue improved in its aerospace systems and elevator
businesses. The company raised the lower end of its earnings
guidance range for the year by 10 cents a share. Shares edged up
0.6% to $113.70 premarket.
Altria Group Inc.'s (MO) second-quarter profit edged lower on a
continued slowdown in cigarette shipment volume. The company also
unveiled a new $1 billion share repurchase program and raised the
lower end of its full-year adjusted earnings projection by two
cents a share. Shares edged down 0.5% to $41.81 premarket.
Chipotle Mexican Grill Inc.'s (CMG) second-quarter profit rose
26% as sales surged and the company benefited from increasing
prices, offsetting higher food costs. Shares jumped 10.8% to
$653.50 premarket.
CombiMatrix Corp. (CBMX) signed a contract with PPO Network
Stratose for coverage of CombiMatrix's diagnostic laboratory
services, pushing shares up 7.6% to $2.42 premarket.
Watchlist:
Arch Coal Inc. (ACI) said it will idle its Cumberland River Coal
Co. complex, which includes operations in Wise County, Va., and
Letcher County, Ky., resulting in 213 full-time jobs being cut.
Cardtronics Inc. (CATM) reached an agreement to buy Welch ATM
for $160 million, which would give Cardtronics an additional 26,000
ATMs in the U.S., including about 3,100 company-owned ATMs at
Ride-Aid pharmacies. The deal is expected to close in the third
quarter.
Express Inc. (EXPR) said Chief Executive Michael Weiss will
retire in January when the specialty apparel retailer's fiscal year
ends, and President David Kornberg will assume the added role of
CEO.
Johnson & Johnson (JNJ) said its board approved an
additional $5 billion in stock buybacks.
Netflix Inc.'s (NFLX) second-quarter earnings more than doubled
as it added 1.7 million subscribers world-wide, but the company
cautioned that a more aggressive international expansion would hurt
its profit in the third quarter.
Packaging Corp. of America's (PKG) second-quarter earnings rose
50% with a boost from its Boise Inc. acquisition last year.
Rent-A-Center Inc.'s (RCII) second-quarter earnings fell sharply
as the company said its business continued to suffer from the
economic downturn, which has particularly hurt its target
customers.
Steelmaker and metal recycler Steel Dynamics Inc.'s (STLD)
second-quarter profit rose sharply on growth across segments, an
improvement that company officials said went beyond a "mere weather
recovery."
Texas Instruments Inc.'s (TXN) second-quarter profit rose 3% as
the chip maker's sales increased 8%, with the latest quarter
featuring a record-high gross margin.
Yahoo! Inc. (YHOO) said it is acquiring mobile app analytics
provider Flurry Inc. in a bid to boost advertising revenue from
smartphones.
Zions Bancorp.'s (ZION) second-quarter profit rose 44% as
improving credit quality allowed the bank to release some of the
reserve set aside to cover souring loans.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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