Among the companies with shares expected to actively trade in
Friday's session are General Electric Co. (GE), Morgan Stanley (MS)
and Textron Inc. (TXT).
Cliffs Natural Resources Inc. (CLF) said it expects to take a $6
billion write-down on its seaborne iron ore and coal assets in its
September quarter, as the mining company continues to struggle with
falling iron-ore prices. Shares dropped 6.3% premarket to
$8.90.
GE said its core industrial segment posted a 9.2% increase in
profit in the third quarter, driven by increased orders across most
of its divisions. Earnings narrowly topped market expectations,
pushing shares up 3.6% to $25.12 premarket.
Honeywell International Inc. (HON) said its third-quarter
earnings rose 18%, driven by sales gains in almost all segments of
the industrial conglomerate. Following the better-than-expected
results, Honeywell also raised its outlook for the year. Shares
rose 3.9% to $89.74 premarket.
Kansas City Southern (KSU) posted a 17% increase in earnings in
the third quarter, driven by improved revenue across most of its
commodity groups. Results beat expectations, pushing shares up 3.5%
to $120.50 premarket.
Keurig Green Mountain Inc. (GMCR) said Friday that the U.S.
Securities and Exchange Commission is closing its four-year
investigation into the coffee company's accounting practices. The
SEC isn't bringing enforcment action against the company or any
employees, the company said. Shares edged up 1.5% to $140.10
premarket.
Morgan Stanley's third-quarter profit jumped 83% as results were
lifted by broad-based strength across trading, investment banking
and wealth management. The firm also received a boost from a tax
benefit. Shares rose 3.8% to $33.78 in recent premarket trading as
results beat analyst estimates.
Repros Therapeutics Inc. (RPRX) said it was notified by the U.S.
Food and Drug Administration that there isn't enough clinical
information to hold a planned pre-investigational new drug
application meeting in November. Shares dropped 43% to $6
premarket.
SanDisk Corp.'s (SNDK) profit fell 5.1% as the flash-memory
maker reported higher costs that offset an increase in sales.
Shares dropped 1.8% to $83.75 premarket.
Sarepta Therapeutics Inc.'s (SRPT) experimental drug to treat
Ebola and Marburg showed no ill effects in an early-phase clinical
study on healthy adult volunteers, the company said Thursday. The
results--published online in August--will be published in the
November issue of the American Society for Microbiology's
Antimicrobial Agents and Chemotheraphy journal. Shares rose 9.6% to
$24.44 premarket.
Textron said its third-quarter earnings rose 61%, as revenue
improved across nearly all of its business segments and continued
to benefit from the aircraft maker's acquisition of Beechcraft
Corp. The aviation company boosted its guidance for the year,
pushing shares up 8.7% to $36.60 premarket.
Urban Outfitters Inc. (URBN), the parent of Anthropologie and
its namesake chain, said the negative third-quarter same-store
sales trend it reported in early September has continued in the
quarter to date. Shares dropped 13% to $29.99 premarket.
Xilinx Inc.'s (XLNX) second-quarter profit jumped 21% and the
chip maker reported better margins for the quarter as cost of goods
fell 7%. Shares rose 4.4% to $40.17 premarket.
Watch List:
Bank of New York Mellon Corp. (BK) said its profit rose 11% as
revenue also increased. The results topped expectations.
Chiquita Brands International Inc. (CQB) said its board rejected
a sweetened takeover offer from Cutrale-Safra, saying the new bid
isn't adequate and isn't in the best interest of shareholders.
A federal court has granted an injunction against a Johnson
& Johnson unit's (JNJ) sale of a surgical tool in a patent
lawsuit brought by Covidien PLC (COV). The ruling prevents J&J
company Ethicon Endo-Surgery Inc. from making and selling
ultrasonic surgical tool Harmonic ACE(R)+7, Covidien said.
Entergy Corp. (ETR) on Friday issued downbeat earnings guidance
for the most recent quarter, with higher expenses and tax rates,
along with mild summer temperatures, weighing on results.
Family Dollar Stores Inc. (FDO) raised Chief Executive Howard
Levine's annual base pay by about 3% to $1.2 million, ahead of the
company's pending takeover by smaller rival Dollar Tree Inc.
(DLTR).
Google Inc. (GOOGL) posted softer-than-expected revenue growth
for its third quarter, while the online-search provider also
reported a slowdown in paid clicks on the advertiser links next to
its search results.
M&T Bank Corp. (MTB), whose acquisition of Paramus,
N.J.-based bank Hudson City Bancorp Inc. (HCBK) has been on hold
for more than two years, said earnings in its September quarter
fell 6%, despite posting higher residential mortgage banking
revenue.
SunTrust Banks Inc. (STI) said its third-quarter profit more
than tripled as its revenue and loan portfolio grew. Revenue
slightly topped expectations.
Investment firm Baker Street Capital Management LLC is pressing
oil-and-gas company Swift Energy Co. (SFY) to add at least three
new board members, to cease making more debt-funded acreage
acquisitions, and to bring in an adviser to evaluate the company's
options, including sales of some assets.
Write to Maria Armental at maria.armental@wsj.com
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