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U.S. stock index futures rose on Wednesday, boosted by earnings including from Apple and Boeing, while focus could shift later in the day to the Federal Reserve’s first two-day policy meeting of the year. Dow Jones industrial average futures were up 0.21 percent at 17,414, S&P 500 futures were up 0.37 percent at 2,037.5 and Nasdaq 100 futures were up 1.06 percent at 4,221.75.
** APPLE INC, Tuesday close $109.14, +7.66 pct premarket
The iPhone maker’s quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.
** BOEING CO, Tuesday close $132.48, +3.29 pct premarket
The aircraft maker reported a 19 percent increase in quarterly profit, helped by booming demand for commercial aircraft.
** ABIOMED INC, Tuesday close $38.63, +29.43 pct premarket
The medical device maker raised its full-year revenue forecast and said the U.S. Food and Drug Administration had approved its heart pump.
** YAHOO INC, Tuesday close $47.99, +5.02 pct premarket
** ALIBABA GROUP HOLDINGS INC, Tuesday close $102.94, -1.04 pct premarket
Yahoo plans to spin off its 15 percent stake in China’s Alibaba, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
A China regulator has accused Alibaba of failing to clean up what it called illegal business deals on the e-commerce titan’s platforms, in an unusually strong government criticism of one of the country’s biggest private firms.
** FREESCALE SEMICONDUCTOR LTD, Tuesday close $26.35, +13.85 pct premarket
At least six brokerages raised their price targets on the stock after the company reported a quarterly profit well above the average analyst estimate.
** AT&T INC, Tuesday close $32.81, +1.19 pct premarket
The telecom company on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.
** AMGEN INC, Tuesday close $158.89, -1.18 pct premarket
The world’s largest biotech on Tuesday reported a higher-than-expected fourth-quarter profit, driven by strong sales of its blockbuster rheumatoid arthritis drug Enbrel and a tax credit.
** WESTERN DIGITAL CORP, Tuesday close $97.63, +5.13 pct premarket
The world’s No. 1 hard-disk drive maker reported second-quarter results slightly ahead of Wall Street expectations on strong demand for its solid-state drives from enterprise customers.
** JUNIPER NETWORKS INC, Tuesday close $21.83, +5.59 pct premarket
The network gear maker reported a better-than-expected adjusted quarterly profit as cost-cutting paid off.
** ELECTRONIC ARTS INC, Tuesday close $48.41, +4.98 pct premarket
The publisher of the “FIFA” and “Madden NFL” video games posted better-than-expected quarterly profit and revenue, helped by growth in digital revenue and strong sales of its sports titles.
** U.S. STEEL CORP, Tuesday close $21.27, +7.10 pct premarket
The steel maker on Tuesday warned that low oil prices and the strong U.S. dollar could negatively impact its business in 2015 but said the potential for U.S. higher consumer spending could help lift demand.
** OPEN TEXT CORP, Tuesday close $59.59, -5.60 pct premarket
The Canadian business-software maker’s quarterly revenue fell short of market expectations, hit by a strong U.S. dollar and weaker-than-expected revenue from its emerging markets business.
** STRYKER CORP, Tuesday close $92.33
** SMITH & NEPHEW PLC, Tuesday close $35.83, +0.89 pct premarket
The chief executive officer of U.S. medical device maker Stryker, recently rumored to have been preparing a bid for British rival Smith & Nephew, said on Tuesday that acquisitions are his top priority for spending cash, but he gave no hint that any sort of deal was imminent.
** QUEST DIAGNOSTICS INC, Tuesday close $71.32
The laboratory testing company said on Tuesday it had signed a $520,000 agreement with the Centers for Disease Control and Prevention to identify trends in screening, diagnosis and treatment of four strains of viral hepatitis.
** SONY CORP, Tuesday close $23.06, +3.86 pct premarket
The consumer electronics, media and entertainment services company plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said.
** STMICROELECTRONICS NV, Tuesday close $8.34, -2.16 pct premarket
Europe’s largest semiconductor maker has predicted a return to revenue growth in 2015, but gave few signs of reaping the anticipated currency benefits that have helped propel the stock 21 percent higher this month.
** CANON INC, Tuesday close $33
The Japanese company reported a slight increase in fourth-quarter profit, with a weaker yen and rising sales of office equipment countering difficulties faced by its camera division.
** CENOVUS ENERGY INC, Tuesday close $19.86
Canada’s No. 2 independent oil producer cut its capital spending budget for 2015 in response to the slump in crude oil prices.
** PETROBRAS, Tuesday close $7.45, -7.65 pct premarket
The Brazilian state-run company reported a third-quarter unaudited net profit of $1.20 billion after its board said it was impractical to estimate the value of expected charges against earnings related to a corruption scandal.
** ANTHEM INC, Tuesday close $137.78
The health insurer’s quarterly profit more than tripled due to a rise in enrollments.
** WEATHERFORD INTERNATIONAL PLC, Tuesday close $11.21
The oil services company said it would eliminate the position of chief operating officer as it copes with a 60 percent slide in global crude oil prices.
** COMMSCOPE HOLDING CO INC, Tuesday close $25.57, +3.72 pct premarket
** TE CONNECTIVITY, Tuesday close $64.63, +3.51 pct premarket
Telecom equipment maker CommScope said it will buy Swiss electronics firm TE Connectivity’s network equipment business for about $3 billion in cash to expand in Europe and Asia.
** CITIGROUP INC, Tuesday close $48.31, +0.60 pct premarket
Citibank, a unit of Citigroup, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers’ histories, the Wall Street Journal reported.
** UTI WORLDWIDE INC, Tuesday close $11.47
The logistics company said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs.
** JPMORGAN CHASE & CO, Tuesday close $56.2, +0.66 pct premarket
The bank’s currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by scrapping its cap on the franc this month, Bloomberg reported, citing two people with knowledge of the matter.
** AMERICAN EXPRESS CO, Tuesday close $82.4, +0.38 pct premarket
The credit card issuer said it would launch operations in Cuba following President Barack Obama’s decision this month to ease sanctions against the communist-ruled island.
** GENERAL DYNAMICS CORP, Tuesday close $137.2, +2.04 pct premarket
The maker of Gulfstream jets, tanks and U.S. Navy ships reported a 42 percent jump in fourth-quarter profit and said quarterly aircraft orders were at the highest in more than three years.
** HESS CORP, Tuesday close $71.61, -1.97 pct premarket
The oil and natural gas producer reported a loss compared with a profit a year earlier, when it reported after-tax gains of $1.34 billion related to asset sales.
** ROCKWELL AUTOMATION INC, Tuesday close $107.24, +1.70 pct premarket
The company, which makes automation systems that help factories run smoothly, reported an 8 percent rise in quarterly profit, helped by higher sales of motion control and industrial safety products, and lower cost of sales. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Maju Samuel)