Among the companies with shares expected to actively trade in
Friday's session are United Parcel Service Inc. (UPS), Newell
Rubbermaid Inc. (NWL) and National Oilwell Varco Inc. (NOV).
UPS' third-quarter revenue rose on increased domestic and
international shipments. Core earnings also climbed and just topped
Street estimates, helping send shares up 1.8% to $96.23
premarket.
Newell Rubbermaid's third-quarter earnings rose 78% after the
consumer-products maker booked a gain on the sale of its hardware
business. Shares climbed 3.7% to $30 premarket as the bottom line
beat expectations.
National Oilwell's third-quarter earnings rose 3.9%, buoyed by
top-line growth throughout the oilfield-services equipment
manufacturer's operations. Results beat views and all three of its
segments posted revenue gains. Shares edged up 2.7% premarket to
$81.25.
Microsoft Corp. (MSFT) bucked a recent trend among major sellers
of technology to corporations, posting double-digit percentage
increases in both revenue and profit for the fiscal first quarter.
The results easily topped Wall Street's expectations, sending
shares up 6.1% to $35.78 premarket.
Amazon.com Inc. (AMZN) reported its third quarterly loss in the
past year after a more than nine-year run of profitable quarters.
The online retailer, as expected, reported a big jump in revenue
heading into the holiday season, its biggest quarter of the year.
In premarket trading, grew 8.2% to $359.30.
Zynga Inc.'s (ZNGA) third-quarter loss narrowed as the
social-game maker continued to slash expenses, though daily average
users continued to decline. The stock, which has fallen sharply
from its initial public offering price of $10 a share in late 2011,
rose 11% to $3.93 premarket as the adjusted loss and bookings
topped the company's own forecast.
Career Education Corp. (CECO) agreed to sell its European
education properties to private equity firm Apax Partners for a
total of $305 million. Shares of Career Education were up 52% to
$5.78 in premarket trading.
Qlik Technologies Inc.'s (QLIK) third-quarter earnings soared
due to a tax benefit, but higher costs more than offset revenue
growth. Shares were down 21% at $26.60 premarket as revenue missed
expectations and the company's outlook for the current quarter was
short of analysts' estimates.
Outerwall Inc.'s (OUTR) third-quarter profit more than doubled
on a gain tied to the company's equity interest in ecoATM, which
the kiosk operator fully acquired this summer. Shares jumped 8.1%
to $66.98 premarket, as Outerwall's results were mostly strong
compared to the weak guidance it issued last month.
Healthways Inc.'s (HWAY) profit fell 64%, hurt by shrinking
margins and flat revenue. Shares of Healthways were down 18% to
$13.50 premarket as the company lowered its guidance for the year,
while issuing downbeat estimates for the fourth quarter and
2014.
Deckers Outdoor Corp.'s (DECK) third-quarter profit slid 23% as
the footwear maker reported sharply higher overhead expenses,
masking higher sales of brands like Ugg and Teva. But the company's
shares jumped 15% to $66.84 in premarket trading, as results
exceeded Deckers' July targets and the company issued rosy outlook
commentary for the year.
DuPont Co. (DD) intends to spin off its performance chemicals
segment to existing shareholders, a move that comes as some
investors called on management to improve the company's financial
results. Shares rose 2.6% to $62.98 in premarket trading.
Callaway Golf Co.'s (ELY) third-quarter loss narrowed
significantly as the golf equipment maker reported a jump in sales
and sharp increase in gross margins. Results for the period easily
topped Wall Street's expectations, sending shares up 11% to $8.03
in premarket trading.
ResMed Inc.'s (RMD) profit rose 9% in its fiscal first quarter,
buoyed by revenue growth and widening margins. However, shares of
the company were down 7.7% to $52 premarket as results came in
below expectations.
Lear Corp.'s (LEA) third-quarter profit fell 7.1% due to higher
expenses that masked revenue and margin growth at the
automotive-seating and electric-systems company. But results easily
beat estimates, and the company raised its full-year revenue
guidance, sending shares up 2.7% to $78.20 premarket.
AbbVie Inc.'s (ABBV) third-quarter earnings fell 39% due to
higher costs and expenses, offsetting strong revenue growth from
key drug Humira. Results topped expectations, and the company
raised the low end of its full-year adjusted earnings estimate.
Shares edged up 2% to $48.90 premarket.
Eastman Chemical Co.'s (EMN) third-quarter earnings surged as
the diversified chemical and materials producer reported sales
growth as well as fewer charges related to its acquisition of
Solutia Inc. last year. But it lowered its earnings estimate for
the year on expectations it will continue to face challenges in its
adhesives and plasticizers business, as well as higher
raw-materials and energy costs. Shares dropped 3.3% to $79.51
premarket.
Watch List:
CA Inc.'s (CA) fiscal second-quarter profit grew 8.1% as the
software maker cut expenses as the company continued to face
another quarter of weaker revenue.
Cabot Oil & Gas Corp.'s (COG) third-quarter earnings rose
91% driven by a surge in natural-gas production.
Cerner Corp.'s (CERN) third-quarter earnings rose 17% though
reduced levels for some technology sales weighed on the
hospital-information technology vendor's revenue growth.
Chubb Corp.'s (CB) third-quarter profit inched up 1.5% as
underwriting income grew, while the insurer separately disclosed
Chairman and Chief Executive John Finnegan would stay with the
company longer than anticipated.
Eaton Corp. PLC's (ETN) third-quarter earnings increased 48% as
the diversified manufacturer's Cooper Industries acquisition
boosted sales, but the company now expects flat industry-wide sales
this year due to weakness in the truck and hydraulics markets.
Results fell short of expectations and the company offered
fourth-quarter guidance below analyst expectations.
Express Scripts Holding Co.'s (ESRX) third-quarter earnings rose
9% due to lower overhead costs that offset a decline in revenue.
The pharmacy-benefit manager raised the low end of its 2013
per-share earnings estimate, based on its performance and a reduced
tax rate.
Freescale Semiconductor Ltd. (FSL) swung to a third-quarter
profit as sales and margins grew, but the chip maker issued muted
guidance for the current quarter.
Ixia (XXIA) on Thursday said Vic Alston resigned as the
company's chief executive after a committee found the executive had
misstated his academic credentials, work history and age.
KBR Inc. (KBR) posted declining revenue for its 17th straight
quarter, though it swung to a profit in the third quarter due to a
favorable comparison with last year's results. The engineering,
construction and defense-services provider also estimated earnings
for the year would come in at the low end of its prior outlook.
Legg Mason Inc.'s (LM) fiscal second-quarter earnings rose 6.8%
as the money manager brought in more fees revenue and assets under
management grew. Revenue beat estimates.
Moody's Corp.'s (MCO) third-quarter revenue improved from a year
earlier, thanks to strength in its corporate finance and analytics
businesses, but income came in flat. Results missed expectations,
and the ratings and analytics company narrowed its guidance for the
year.
Principal Financial Group Inc.'s (PFG) third-quarter profit rose
31% as the asset manager and insurer posted a decline in expenses
that masked a drop in revenue.
Procter & Gamble Co.'s (PG) fiscal first-quarter earnings
rose 7.6% as the world's largest consumer-products company posted
slight revenue growth that just topped estimates.
Rockwell Collins Inc.'s (COL) government-system sales continued
to weaken in the fiscal fourth quarter though the defense
contractor said its cost-saving efforts should help sustain margins
in the face of continued headwinds in its government business this
fiscal year. Results missed expectations.
Sherwin-Williams Co.'s (SHW) third-quarter earnings rose 12% on
improved sales from its main groups. However, the company cut its
full-year earnings outlook.
Simon Property Group Inc.'s (SPG) third-quarter profit rose 22%
as the nation's largest mall owner reported improved occupancy at
its properties in the U.S. and higher base rents. Funds from
operations, also improved, and the company lifted its full-year
view.
Western Digital Corp.'s (WDC) fiscal first-quarter profit
slipped 4.6% as the disk-drive maker reported a drop in revenue,
though adjusted earnings topped the company's own forecast.
Weyerhaeuser Co. (WY) posted a 34% profit increase in the third
quarter behind revenue growth across the forest products company's
segments. Results beat Street expectations.
Wynn Resorts Ltd.'s (WYNN) third-quarter profit rose 62% as the
casino operator recorded a rise in revenue and the year-ago period
was weighed down by a loss on the extinguishment of debt.
Write to Lauren Pollock at lauren.pollock@wsj.com
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