Among the companies with shares expected to actively trade in
Tuesday's session are Apple Inc. (AAPL) and Texas Industries Inc.
(TXI).
American Airlines Group Inc. (AAL) swung to a fourth-quarter
adjusted profit that topped consensus views as the carrier reported
its first quarterly results since its merger with US Airways Group
Inc. last month. Shares climbed 1.9% to $30.75 premarket.
Apple reported virtually flat earnings for the holiday quarter
as intensified competition for mobile devices offset growing iPhone
and iPad sales. Shares dropped 7.1% to $511.53 premarket.
Chefs' Warehouse Inc. (CHEF) tempered expectations for the
fiscal year, as the specialty-food-products company said results in
December were far weaker than expected, with poor weather hurting
demand during the key holiday season. Shares dropped 12% to $24
premarket.
Corning Inc. (GLW) said its fourth-quarter profit jumped as the
company posted lower production and restructuring costs, though
sales slipped. Results topped expectations, but the company warned
it anticipates glass volume in its display technologies segment
will be down slightly sequentially in the first quarter. Shares
dropped 5.3% to $17.25 premarket.
The auction of Illinois Tool Works Inc.'s (ITW)
industrial-packaging business is heading into the home stretch,
with a handful of private-equity firms poised to make bids by next
week that could exceed $3 billion, The Wall Street Journal said,
citing people familiar with the matter. Shares edged up 1.2% to
$79.25 premarket.
Martin Marietta Materials Inc. (MLM) agreed to buy fellow
construction-materials firm Texas Industries for $2.06 billion in
stock, giving Martin Marietta a larger footprint in Texas and
California. The bid values Texas Industries at $71.95 a share, and
its shares climbed 2.7% to $73.50 premarket, while Martin Marietta
rose 3.4% to $106.22.
Rent-A-Center Inc. (RCII) said its fourth-quarter earnings fell
72% on higher expenses and weakness in its core U.S. business.
Shares dropped 16% to $26.35 premarket.
Seagate Technology Inc. (STX) said its fiscal second-quarter
profit fell 13% on sliding revenue at the data-storage company.
Analysts had expected a flat profit. Shares dropped 5.3% to $55
premarket.
STMicroelectronics NV (STM) narrowed its net loss in the fourth
quarter, but revenue at Europe's largest semiconductor maker
continued to fall. Shares edged up 2.1% to $7.84 premarket.
The brother-in-law of Tile Shop Holdings Inc.'s (TTS) Chief
Executive Robert Rucker has been fired, the company disclosed on
Monday, due to "multiple violations" of the company's business
ethics policy. The company also issued preliminary outlook targets
that missed Wall Street's expectations. Shares dropped 6.4% to
$13.78 premarket.
T. Rowe Price Group Inc. (TROW) said its fourth-quarter profit
rose 24% as the money manager's investment-advisory fees grew. The
firm, best known for its equities-focused funds, is closely watched
for its broad view on the stock market and impressions on the mood
of investors. Results topped expectations. Shares edged to $78
premarket.
U.S. Steel Corp.'s (X) fourth-quarter loss widened as the
steelmaker reported weaker shipments and recorded $302 million in
restructuring and other charges tied to a facilities shut-down.
Shares climbed 2.8% to $26.15 premarket.
Watch List:
Ashland Inc. (ASH) said its fiscal first-quarter earnings rose
8.9% and the chemical company said it would be cutting jobs as part
of a global restructuring effort.
MeadWestvaco Corp. (MWV) intends to spend $569 million on a
special dividend and share buybacks, shareholder-friendly moves
resulting from a recent asset sale to Plum Creek Timber Co.
(PCL).
NextEra Energy Inc. (NEE) said its fourth-quarter earnings fell
24% on higher expenses that masked revenue growth. Results missed
expectations.
Pentair Ltd. (PNR) swung to a fourth-quarter profit as the
water-treatment and storage-systems maker posted strong sales in
its three main segments. Results topped the company's own
forecast.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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