Among the companies with shares expected to actively trade in
Wednesday's session are Deere & Co. (DE), Dr Pepper Snapple
Group Inc. (DPS) and Owens Corning (OC).
Conversant Inc.'s (CNVR) fourth-quarter profit grew 24% as the
Internet advertising company reported a jump in marketing revenue.
Results for the latest period easily topped the company's muted
November expectations, sending shares up 15% to $24.90
premarket.
DaVita HealthCare Partners Inc.'s (DVA) shares rose after the
kidney dialysis provider reported better-than-expected
fourth-quarter results and issued a rosier profit outlook for the
new year. Shares climbed 5.9% to $68.13 premarket.
Deere said equipment sales in the fiscal first quarter outpaced
its projections, boosting earnings by 4.8%. Results beat
expectations, but the company maintained its full-year guidance.
Shares edged up 2.2% to $89.40 premarket.
Dr Pepper continued to feel the pinch from a fizzling soda
market in the fourth quarter, posting declines in volume, sales and
profit. Shares of the company, however, popped 2.3% to $50 in
recent trading as its quarterly core profit and earnings outlook
for the year easily beat Wall Street expectations.
Dow Chemical Co. (DOW) rejected investor Dan Loeb's call for the
company to split itself in two, saying it already examined the
possibility and decided such a move wouldn't be productive. Shares
slipped 1.8% to $46 premarket.
Fossil Group Inc. (FOSL) said fourth-quarter earnings fell 1.7%
as the fashion-accessories retailer's sales growth was offset by
higher expenses. Shares climbed 3.2% to $120.75 premarket as
results beat expectations.
Jive Software Inc. (JIVE) projected 2014 sales would increase
from year-earlier levels, though the enterprise networking software
vendor's target growth wasn't as strong as analysts expected.
Shares dropped 7.6% to $8.20 premarket.
Lorillard Inc. (LO) said its fourth-quarter earnings declined
5.2% as the cigarette maker posted higher product costs, though
volumes of its top brand and electronic cigarette sales both
improved. Adjusted earnings missed expectations, sending shares
down 1.9% to $49 premarket.
Owens Corning swung to fourth-quarter profit on stronger sales
of building materials and fewer expenses related to efforts to cut
costs. Shares rose 11% to $44 in recent premarket trading as the
results topped expectations and the company announced its first
quarterly dividend in 14 years.
Packaging Corp. of America (PKG) said its fourth-quarter profit
soared as the box maker reported a surge in revenue, which was
lifted in part by its acquisition of Boise Inc. Shares rose 4.4% to
$68.42 premarket.
Seattle Genetics Inc. (SGEN) said its losses widened in the
fourth quarter on higher expenses, including research and
development. But the loss didn't widen as much as the market had
expected, sending shares up 4.1% to $47.45 premarket.
Thomson Reuters Corp. (TRI, TRI.T) swung to a fourth-quarter
loss as the financial data provider posted restructuring charges
and revenue declined at its core financial and risk division.
Adjusted earnings missed estimates and shares slipped 2.1% to
$35.85 premarket.
Trimble Navigation Ltd. (TRMB) said its fourth-quarter earnings
surged 81% as the global-positioning-system company reported strong
revenue growth in its engineering and construction and mobile
solutions segments. Shares rose 4.6% to $34.11 premarket.
TripAdvisor Inc.'s (TRIP) fourth-quarter profit slid 40% as the
hotel-review site's expenses jumped sharply, masking broad revenue
growth. Shares climbed 4.4% to $87.93 premarket as the top line
beat views.
WellCare Health Plans Inc. (WCG) said fourth-quarter earnings
slipped 12% as the health insurer's higher medical-benefits
expenses overshadowed revenue growth. Earnings missed expectations,
and the company gave a disappointing outlook for the year. Shares
dropped 3.9% to $59.80 premarket.
Watch List:
Hospira Inc. (HSP) said its fourth-quarter earnings surged
despite a modest decline in revenue as the provider of injectable
drugs and infusion technologies benefited from fewer restructuring
charges and write-downs. Earnings just topped the consensus
view.
Manchester United Ltd. (MANU) said its fiscal second-quarter
earnings rose 18% on a boost in the British soccer club's
sponsorship revenue. Adjusted earnings slightly topped
estimates.
Medicines Co. (MDCO) said a U.S. Food and Drug Administration
advisory panel is meeting Wednesday to discuss the company's drug
application for its experimental antiblood-clotting drug. Earlier
this week, there appeared to be internal disagreement at FDA over
whether to recommend the injectable drug, known as cangrelor, as
two reviewers offered different opinions in the agency's
documents.
Procter & Gamble Co. (PG) trimmed its fiscal 2014 profit
estimate as the consumer-products giant expects to record one-time
charges due to Venezuela's devalued currency.
Tw Telecom Inc.'s (TWTC) fourth-quarter earnings fell 11%,
reflecting higher depreciation expenses, though the business
ethernet provider's top line grew, buoyed by an increase in
data-and-Internet revenue.
Western Union Co. (WU) said its fourth-quarter earnings fell 27%
as the money-transfer company reported higher expenses and flat
revenue.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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