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U.S. stock indexes were little changed on Wednesday, after the Dow and S&P 500 climbed to their latest records, before a second day of testimony from Federal Reserve Chair Janet Yellen and data on the housing market. Dow Jones industrial average futures were down 0.03 percent at 18,181, S&P 500 futures were down 0.09 percent at 2,111.75 and Nasdaq 100 futures were down 0.15 percent at 4,443.5.
** TARGET CORP, Tuesday close $76.95, -0.06 pct premarket
The retailer reported a stronger-than-expected jump in same-store sales and profits for the key fourth quarter, helped by its expanding online business, and forecast modest earnings growth in the current quarter.
** 500.COM LTD, Tuesday close $12.83, -5.22 pct premarket
The Chinese online lottery platform developer said some Chinese lottery centers plan to temporarily suspend online sales of lottery products from Feb. 25.
** DOLLAR TREE INC, Tuesday close $77.47, +0.03 pct premarket
The discount retailer’s quarterly sales rose about 11 percent, helped by higher demand for party supplies, household products and food during the holiday season.
The company also reiterated that it would not have to divest more than 300 stores to get U.S. antitrust approval for its planned acquisition of Family Dollar Stores .
For an infographic on Discount retailers' earnings, (reut.rs/1DTH0s)
** HOLLYFRONTIER CORP, Tuesday close $40.82, -2.01 pct premarket
The U.S. refiner swung to a quarterly loss, hurt by a $244 million charge related to the value of its inventory.
** FIRST SOLAR INC, Tuesday close $54.7, +2.18 pct premarket
The U.S. solar company on Tuesday reported sharply higher quarterly earnings in part due to the sale of a large California solar power plant to Southern Co.
** AMERICAN EXPRESS CO, Tuesday close $80.86, +0.05 pct premarket
The company is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported.
** WAL-MART STORES INC, Tuesday close $84.57, -0.20 pct premarket
A prominent investor in the retailer is pushing ahead with a campaign to link a portion of executive compensation to staff motivation, a sign that the company’s wage hike last week won’t end outside pressure over employee pay and benefits.
** PETROLEO BRASILEIRO PETROBRAS SA, Tuesday close $6.86, -7.43 pct premarket
Moody’s Investors Service stripped Brazil’s state-run oil company Petrobras of its investment grade rating on Tuesday and kept the firm on review for further downgrade, citing concerns over an ongoing corruption scandal and liquidity pressures.
** HEWLETT-PACKARD CO, Tuesday close $38.49, -6.29 pct premarket
The world’s No.2 PC maker reported flat or lower quarterly revenue in all its operating units on Tuesday, and forecast full-year earnings well below analysts’ expectations due to a strong U.S. dollar.
At least three brokerages cut their price targets on the stock.
** DREAMWORKS ANIMATION SKG INC, Tuesday close $21.13, -7.95 pct premarket
The Hollywood studio said it expected revenue in its feature film business to decline in the mid-teen percent range as it had only one theatrical release planned for 2015.
** BANK OF NEW YORK MELLON CORP, Tuesday close $21.13, -7.95 pct premarket
Bank of New York Mellon is in settlement talks with the U.S. Justice Department and New York attorney general over claims the bank defrauded clients in foreign exchange transactions, according to sources familiar with the matter.
** BOSTON BEER CO INC, Tuesday close $310.71, -11.81 pct premarket
The company said it expects 2015 profit between $7.10 and $7.50 per share, below the average analyst estimate of $7.96. Boston Beer’s fourth-quarter revenue missed estimates as margins on higher brewery processing costs and unfavorable product mix effects.
** ENCANA CORP, Tuesday close $13.02, +0.23 pct premarket
Canada’s largest natural gas producer slashed its capital budget by a quarter for the year due to a slump in global crude oil prices.
** CHICAGO BRIDGE & IRON CO NV, Tuesday close $41.72, +2.83 pct premarket
The energy infrastructure provider reported a better-than-expected fourth-quarter profit and revenue on Tuesday, helped by strong results in its engineering, construction and maintenance business.
** U.S. SILICA HOLDINGS INC, Tuesday close $30.58, -8.44 pct premarket
The commercial silica maker said on Tuesday it was suspending its forecast for adjusted earnings before interest, tax, depreciation and amortization until such time it gains clarity regarding customers’ business activity levels.
** CORELOGIC INC, Tuesday close $35.91, -5.32 pct premarket
The company’s profit forecast for the full year missed analysts’ estimates and it posted lower-than-expected fourth-quarter profit and revenue.
** LA QUINTA HOLDINGS INC, Tuesday close $21.85, +2.97 pct premarket
The owner of the La Quinta hotel brand reported an about 9 percent rise in adjusted revenue, helped by higher occupancy which allowed it to charge more for its rooms in the fourth quarter. The company said it expects 2015 comparable revenue per available room to rise in the range of 5.5-7 percent, over and above an 8.4 percent rise in 2014.
** CURIS INC, Tuesday close $2.8, +5.00 pct premarket
The drug developer said it would started offering shares of its common stock to raise money for research purposes. The company did not disclose how many shares it was offering.
** LOWE‘S COS INC, Tuesday close $74.65, +2.24 pct premarket
The No.2. U.S. home improvement products retailer reported same-store sales well above analysts’ estimates as lower gas prices and an improving job market encouraged Americans to spend more on home renovations.
** MAGNA INTERNATIONAL INC, Tuesday close $102.25, +1.71 pct premarket
The Canadian auto parts maker cut its revenue forecast for 2015, hurt by weak demand from Europe.
** APPLE INC, Tuesday close $132.17, -0.20 pct premarket
The iPhone maker has been ordered to pay $532.9 million after a federal jury in Texas found that its iTunes software infringed three patents owned by patent licensing firm Smartflash LLC.
** CABLEVISION SYSTEMS CORP, Tuesday close $19.8, +0.66 pct premarket
The cable television company, which has lost video subscribers for the past four quarters, is expected to post further losses in its video subscribers in the fourth quarter.
** TJX COS INC, Tuesday close $67.16, +1.04 pct premarket
The off-price retailer is expected to report a higher quarterly profit before the bell on Wednesday.
** HEALTHWAYS INC, Tuesday close $20.88, +3.8 pct after market
Jefferies LLC raised its price target on the stock to $21 from $16 after the company forecast full-year revenue and profit in line with analysts’ estimates.
** NUVASIVE INC, Tuesday close $48.46, -3.8 pct after market
At least four brokerages raised their price target on NuVasive after the medical-device maker reported better-than-expected quarterly profit late Tuesday.
** PAPA JOHN‘S INTERNATIONAL INC, Tuesday close $65.27, -4 pct after market
The pizza chain operator forecast earnings per share of $1.98-$2.06 for 2015, below the average analyst estimate of $2.11.
** THE RUBICON PROJECT INC, Tuesday close $17.88, +8.9 pct after market
The online advertising services provider reported a fourth-quarter profit and revenue above analysts’ estimates.
** NEKTAR THERAPEUTICS, Tuesday close $13.48
The drug developer reported fourth-quarter revenue of $19.6 million, beating analysts’ average estimate of $17.3 million.
** HALCON RESOURCES CORP, Tuesday close $2.05
The oil producer is expected to report a drop in quarterly profit, though Wall Street is eager to learn how the company is developing its lucrative North Dakota acreage.
Compiled by Sneha Banerjee in Bengaluru; Editing by Joyjeet Das