April 17, 2013 / 11:35 AM / 5 years ago

MARKET PULSE-Bank of America, Boeing, Mattel, Yahoo, Intel, Cirrus Logic

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

April 17 (Reuters) - Some U.S. stocks to watch on Wednesday:


U.S. stock index futures pointed to a lower open on Wall Street, with futures for the S&P 500 down 0.9 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.6 percent at 1129 GMT.

** BANK OF AMERICA CORP, Tuesday close $12.28, down 3 pct premarket

The second-largest U.S. bank reported a lower-than-expected first-quarter profit from a year earlier and its revenue fell.

** BOEING CO, Tuesday close $86.89

U.S. Federal Aviation Administration chief Michael Huerta said on Tuesday that he expected to decide “very soon” whether to approve Boeing’s redesigned 787 Dreamliner battery system, potentially ending a three-month ban on flights by the high-tech jet. The top U.S. aviation regulator testified to a congressional committee on air safety.

** BNY MELLON CORP, Tuesday close $27.76

The world’s largest custody bank said first-quarter revenue fell 1 percent as the world’s largest custody bank lost $266 million from a high-stakes tax battle with the U.S. Internal Revenue Service.

** ABBOTT LABORATORIES, Tuesday close $36.40

The company reports before markets open on Wednesday its first quarterly earnings since splitting off its prescription drugs business at the beginning of the year into AbbVie, a new publicly traded company.

** MATTEL INC, Tuesday close $42.98

The world’s largest toymaker reported better-than-expected first-quarter results, helped by tight cost controls and strong demand for American Girl products and Monster High dolls.

**CSX Corp, Tuesday close $24.14, down 1.4 pct after market

The No. 2 U.S. railroad, said on Tuesday that quarterly profit rose as it cut expenses and saw shipment volumes of some merchandise rise, helping the company fight a still-weak coal business.

** TEXTRON INC, Tuesday close $29.35

The world’s largest maker of business aircraft reported a 4 percent fall in first-quarter income from continuing operations on low demand for business jets, and cut its profit forecast for the full year.


The Pittsburgh-based bank’s first-quarter profit rose 24 percent as the regional lender made more money from fees and interest.

** YAHOO INC, Tuesday close $23.79, down 1 pct after market

The Internet company’s first-quarter revenue fell short of Wall Street targets as it continued to feel the effects of declining traffic to its Web properties and of falling display advertising sales.

** INTEL CORP, Tuesday close $23.91, down 0.5 pct premarket

The world’s largest chip maker said its current-quarter revenue would decline as much as 8 percent and trimmed its 2013 capital spending plans, as personal computer sales drop due to the growing popularity of tablets and smartphones. Shares of the company rallied as much as 3 percent after hours but quickly gave up the gains.

** LIBERTY GLOBAL, Tuesday close $74.48

The U.S. cable company is preparing a takeover offer for Germany’s Kabel Deutschland, German magazine Manager Magazin reported.

** CIRRUS LOGIC INC, Tuesday close $21.41, down 11 pct premarket

The audio chip maker estimated fourth-quarter revenue below analysts’ estimates as inventory piled up after customers migrated from a high-volume product to one of its newer products. The Apple Inc supplier’s first-quarter revenue forecast also fell short of Wall Street expectations.

** PROCTER & GAMBLE CO, Tuesday close $80.10

The world’s largest household products company plans to increase the time it takes to pay its suppliers by as much as 30 days, which could free up to $2 billion in cash, the Wall Street Journal reported, citing people familiar with the matter.

** MARTEN TRANSPORT LTD, Tuesday close $18.97, up 5 pct after market

The temperature-sensitive truckload carrier reported a first-quarter profit that beat analysts’ estimates, and operating revenue jumped about nine percent, as the company reduced expenses and improved equipment utilization for the quarter.

** BOSTON PRIVATE FINANCIAL HOLDINGS INC, Tuesday close $9.59, up 14 pct aftermarket

The bank holding company for Boston Private Bank & Trust Co said it will repurchase all its preferred stock held by the Carlyle Group, which represented 48 percent of Carlyle’s equity ownership in BPFH.

** INNERWORKINGS INC, Tuesday close $14.03, down 20 pct after market

The company, which provides printed products such as brochures and catalogs to companies, cut its forecast for 2013 as a large retail client transferred a “significant” portion of its work to another company. InnerWorkings also estimated first-quarter profit below expectations on Tuesday. (Compiled by Aditi Shrivastava; Editing by Joyjeet Das)

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