Among the companies with shares expected to trade actively in
Friday's session are General Electric Co. (GE), Honeywell
International Inc. (HON) and Whirlpool Corp. (WHR).
General Electric Co. posted a 15% rise in revenue in the
most-recent quarter as the company continues to shift its focus
toward industrial businesses and away from banking. Shares fell
2.76% $31.69 in premarket trading.
Honeywell International Inc. posted revenue and profit gains in
its latest quarter but cut its revenue forecast for the year as the
company saw core organic sales fall in its three business units.
Shares fell 2.66% to $115.50 premarket.
Whirlpool Corp. reported revenue declines in its latest quarter
as weakness abroad offset U.S. gains. Shares rose 1.25% to $185.00
premarket.
Apparel conglomerate VF Corp. (VFC) trimmed its outlook for the
year and reported sluggish revenue growth below expectations in the
most recent quarter. Shares fell 1.06% to $62.50 premarket.
SunTrust Banks Inc. (STI) said profit rose in its latest
quarter, as increases in interest income and fee-based revenue
offset an increase in expenses.
American Airlines Group Inc.'s (AAL) profit fell sharply in its
latest quarter amid a decline in revenue and a large provision for
income taxes. Shares rose 3.26% to $36.10 premarket.
Stanley Black & Decker Inc. (SWK) named its current
president, James Loree, as new chief executive and raised its
earnings guidance for the year, as it posted gains in sales and
volume offset foreign exchange rates in its latest quarter.
Advanced Micro Devices Inc. on Thursday swung to a quarterly
profit and reported the first sales increase in nearly two years,
riding sales of customized chips for videogame makers and demand
for its latest graphics products.
AT&T Inc.'s (T) quarterly profit and revenue got a lift from
its acquisition of DirecTV but the company reported declining
numbers of core wireless phone and pay television connections.
Athenahealth Inc. (ATHN) swung to a surprise loss, and the
electronic health-care records company said its chief operating
officer will step down at the end of the year.
Boeing Co. (BA) on Thursday revealed more expensive stumbles
with the production of new commercial and military jets, saying it
would take $2.1 billion in charges in its coming earnings.
Boston Beer Co.(SAM), the maker of Samuel Adams Boston Lager,
warned it would cut costs to adjust to lower volumes, and it
further reduced its projections for the year, citing continued
weakness of its brand.
Capital One Financial Corp.'s (COF) second-quarter profit rose
9% as revenue ticked higher and operating expenses declined. But
results missed analysts' projections.
Chipotle Mexican Grill Inc. (CMG) is recovering far more slowly
than expected from a series of food-safety problems last year,
despite promotions and other efforts to lure back consumers.
Although the company has returned to profitability and its sales
decline has improved from a low point in January, the company's
second-quarter profit and same-store sales missed expectations.
Crown Castle International Corp. (CCI) on Thursday said earnings
fell in its latest quarter as it came up against a tough
comparison, though the company raised its forecast for the
year.
E*Trade Financial Corp.'s (ETFC) second-quarter revenue rose 10%
as trading picked up and its allowance for loan losses shrunk,
though the pace of the online broker's new account openings slowed.
The results beat Wall Street expectations.
J.C. Penney Co. (JCP) on Thursday said Chief Executive Marvin
Ellison will take on the additional role of chairman, succeeding
long-time executive Myron "Mike" Ullman who will retire. The moves
are in line with the transition plan the department-store operator
announced in 2014.
U.S. chemical producer Olin Corp. (OLN) on Thursday cut
second-quarter guidance, citing weak demand for domestic caustic
soda in May and June and higher raw material costs due to increases
in ethylene and natural gas pricing.
Web-radio service Pandora Media Inc. (P) on Thursday lowered its
annual guidance as its quarterly loss widened amid lackluster
subscription growth, a 30% rise in operating expenses and the loss
of more than a million active listeners.
PayPal Holdings Inc.(PYPL), which has worked to extend its reach
since splitting with eBay Inc. last year, said Thursday it had
forged a new partnership with credit-card issuer Visa Inc. The
announcement came as the money-moving service reported higher
quarterly profit and a 15% increase in revenue.
Puma Biotechnology Inc. (PBYI) has submitted a new drug
application to the U.S. Food and Drug Administration for a
breast-cancer treatment that is the company's lead product
candidate. The company also reported favorable updated results from
a Phase 3 clinical trial.
Schlumberger Ltd. (SLB) swung to an unexpected second-quarter
loss on charges related to restructuring efforts and the oil-field
services giant's acquisition of Cameron International Corp.
Skechers USA Inc. (SKX) on Thursday reported a decline in
quarterly profit, hurt by the shift of a Brazilian tax, a fire at a
Malaysian warehouse and the impact of currency translation.
Southwestern Energy Co.'s (SWN) second-quarter loss narrowed as
the oil-and-gas company exceeded production guidance by 5%.
Starbucks Corp. (SBUX) on Thursday revised its projections for
the year as sales in the June quarter again fell short of
expectations, dragged down by its European operations.
Stryker Corp. (SYK) on Thursday again raised its financial
projections for the year following a 17% increase in sales in the
June quarter, driven by its medical and surgical business. But the
company's profit projection for the current quarter missed
analysts' projections.
Visa Inc.'s (V) quarterly earnings fell 76%, hurt by charges
tied to the acquisition of its European operations, while its
revenue and payments volume rose.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
July 22, 2016 09:29 ET (13:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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