October 30, 2014 / 11:05 AM / in 3 years

BUZZ-U.S. Stocks on the Move-Elizabeth Arden, Mastercard, Time Warner Cable

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Dow Jones industrial average futures were down 0.39 percent at 16,858, S&P 500 futures were down 0.48 percent at 1,962.75 and Nasdaq 100 futures were down 0.50 percent at 4,052.

** ELIZABETH ARDEN INC, Wednesday close $15.8

The beauty products company, struggling with weak sales for the past year, is scheduled to report another disappointing quarter before markets open as sales of perfumes, its biggest division, continues to shrink.

** TIME WARNER CABLE, Wednesday close $143.75

The second-largest U.S. cable TV operator, lost more residential video customers in the third quarter than in the preceding quarter.

** MOSAIC CO, Wednesday close $42.72

The fertilizer maker is scheduled to report third quarter results before markets open, after recently curtailing phosphate output due to rising costs.

Last week rival Potash Corp of Saskatchewan narrowed its full-year earnings forecast range after it reported a fall in income from its overseas investments and said average realized price for potash fell 8.5 percent

** ALPHA NATURAL RESOURCES INC, Wednesday close $2.14

The coal miner, which is struggling with falling prices for steel-making coal and government regulations that are causing electric utilities to close coal-fired power plants, is expected to report a bigger loss and its third straight drop in quarterly revenue.

The company has been cutting costs, and confirmed it had idled two mining complexes and laid off 193 employees

** AVON PRODUCTS INC, Wednesday close $10.96

The direct seller of cosmetics is expected to report third-quarter results before markets open.

** MASTERCARD INC, Wednesday close $75.99, +1.50 pct premarket

The world’s second-largest credit card company is expected to post higher profit as more customers use its cards to make payments.

The company’s stock is down as much as 12 percent this year on investor concerns about international sanctions on Russia and the competition from new forms of mobile-based payments.

The company is expected to implement merchant acquiring fee increases in January that could add to its revenue growth and earnings.

** CME GROUP INC, Wednesday close $81.83

The world’s largest futures market operator’s results are expected to be in line with estimates, according to Thomson Reuters StarMine.

The recent volatility in the stock markets and the Fed’s decision to reduce its asset purchase program is expected to benefit CME as investors turn to futures to offset the risk.

CME said third quarter volume rose 12 percent. Earlier this month, the company said it plans to cut 5 percent of its global workforce to reduce costs.

** IMPERIAL OIL LTD, Wednesday close $46.4

Canada’s No.2 integrated oil company reports its third-quarter profit before markets open. The company’s Kearl oil sands mine has struggled to meet its 110,000 barrel per day capacity since opening a year ago.

** MAKEMYTRIP LTD, Wednesday close $28.09, +2.39 pct

The online travel company is scheduled to report second-quarter earnings before markets open.

** KELLOGG CO, Wednesday close $62.47

The world’s largest maker of breakfast cereal is scheduled to report quarterly earnings before markets open. It had cut its full-year adjusted sales and profit forecasts in July as demand for its Corn Flakes and Special K cereals continued to wane in the United States, its biggest market.

The company has reported five straight quarters of sales declines in its U.S. cereal business, hurt by the rising popularity of other breakfast items such as yogurt and frozen egg sandwiches

** HARMAN INTERNATIONAL INDUSTRIES INC, Wednesday close $101.31

The maker of car audio systems is expected to post revenue above analysts’ estimates, according to Thomson Reuters StarMine data.

The company, which counts Volkswagen AG and Toyota Motor Corp among its customers, is expected to benefit from higher sales of its car audio systems. The company, which has been spending more to boost production in lower-cost countries, also secured contracts from Bentley and Maserati in the last quarter.

** NEW YORK TIMES CO, Wednesday close $13.4

Subscription revenue growth of the media company is slowing though the company made big strides in online advertising. Questions remain about where the company plans to cut after it announced a reduction in staff earlier this month. (Compiled by Yashaswini Swamynathan in Bangalore; Editing by Joyjeet Das)

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