(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Dow Jones industrial average futures were up 0.48 percent at 18,029, S&P 500 futures were up 0.51 percent at 2,101.75 and Nasdaq 100 futures were up 0.58 percent at 4,433.
** VERIZON COMMUNICATIONS INC, Monday close $49.38, -0.04 pct premarket
The largest U.S. wireless company’s quarterly profit beat analysts’ expectations, helped by higher net addition of postpaid subscribers as users added more devices to data plans.
** SHAKE SHACK INC, Monday close $63.65, -1.92 pct premarket
Stifel analysts cut its rating on the Hamburger chain’s stock to “hold”, citing valuation due to recent appreciation in share price.
** UNITED TECHNOLOGIES CORP, Monday close $116.51, +2.05 pct premarket
The U.S. industrial conglomerate, which makes Pratt & Whitney jet engines and Otis elevators, posted a higher-than-expected quarterly profit on Tuesday, helped by gains in its unit selling climate control and security systems for buildings, even as the strong dollar weighed on sales.
** TD AMERITRADE HOLDING CORP, Monday close $36.43, -2.22 pct premarket
The discount broker reported a 2.6 percent fall in quarterly profit, hurt by higher expenses. The company’s net income fell to $189 million, or 35 cents per share, for the second quarter ended March 31, from $194 million, or 35 cents per share, a year earlier.
** GANNETT CO INC, Monday close $35.14
The publisher of USA Today reported a 5 percent rise in quarterly revenue, helped by increased broadcasting revenue. Net income attributable to Gannett rose to $112.9 million, or 49 cents per share, in the first quarter ended March 29, from $59.2 million, or 25 cents per share, a year earlier.
** BAKER HUGHES INC, Monday close $68.34, -0.86 pct premarket
** HALLIBURTON CO, Monday close $47.85, -0.75 pct premarket
Oilfield services provider Baker Hughes, in the process of being bought by Halliburton for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items.
** MYLAN NV, Monday close $68.045, +8.75 pct premarket
** PERRIGO CO PLC, Monday close $198.08, -2.02 pct premarket
** TEVA PHARMACEUTICAL INDUSTRIES, Monday close $63.29, +2.07 pct premarket
Israel's Teva could make a public, unsolicited offer for rival Mylan as soon as Tuesday, Bloomberg reported, citing people with knowledge of the matter. (bloom.bg/1QdnUlB) Mylan offered to buy Perrigo for about $29 billion earlier this month. Many see this as a trigger for Teva to act before Mylan becomes an even larger target, Bloomberg reported.
** BRISTOL-MYERS SQUIBB CO, Monday close $65.86, +1.93 pct premarket
Morgan Stanley analysts upgraded the drugmaker’s stock to “overweight” from “equal-weight” and raised its price target to $80 from $60. The company’s lung cancer drug, Opdivo, proved effective against a second type of lung cancer on Friday.
** BRAINSTORM CELL THERAPEUTICS INC, Monday close $4.47, +10.29 pct premarket
The company’s adult stem cell treatment was beneficial to patients with amyotrophic lateral sclerosis in a mid-stage trial. In the United States, 5,600 people are diagnosed each year with the neurodegenerative disease, also known as Lou Gehrig’s disease.
** HARLEY-DAVIDSON INC, Monday close $61.77, -7.75 pct premarket
The motorcycle maker posted a higher quarterly net profit, but lowered its sales forecast for 2015, citing an aggressive price discounting by competitors.
** LOCKHEED MARTIN CORP, Monday close $196.8, +0.10 pct premarket
The Pentagon’s No. 1 weapons supplier reported a 6 percent fall in quarterly profit, partly due to fewer aircraft deliveries. The company’s net income fell to $878 million, or $2.74 per share, in the first quarter ended March 29, from $933 million, or $2.87 per share, a year earlier.
** KIMBERLY-CLARK CORP, Monday close $107.36, +3.62 pct premarket
The company reported a 4 percent fall in quarterly sales as demand for personal care products such as Huggies diapers fell for the third straight quarter in North America and a strong dollar hurt sales in other markets.
** UNDER ARMOUR INC, Monday close $87.76, -2.01 pct premarket
The sports apparel maker reported a 13.4 percent fall in quarterly profit, hurt by higher costs related to its recent acquisitions.
** TRAVELERS COS INC, Monday close $106.14, -1.39 pct premarket : Property and casualty insurer reported a 21 percent fall in quarterly net profit due to lower net investment income and a drop in underwriting gains. [ID: nL4N0XI4AH]
** INTERNATIONAL BUSINESS MACHINES CORP, Monday close $166.16, -0.39 pct premarket
The world’s largest technology services company reported a 12 percent fall in first-quarter revenue as it continues to shed unprofitable businesses to focus on cloud-computing initiatives.
** TECK RESOURCES LTD, Monday close $13.83, -2.39 pct premarket
The Canadian miner slashed its half-yearly dividend and posted a quarterly profit below analysts’ estimates as prices for steel-making coal and copper remained depressed.
** DUPONT, Monday close $72.84, +0.33 pct premarket
The chemical conglomerate reported a 28 percent fall in first-quarter profit, hurt by a strong dollar. Net income attributable to DuPont fell to $1.03 billion, or $1.13 per share, in the quarter ended March 31, from $1.44 billion, or $1.54 per share, a year earlier.
** YAHOO INC, Monday close $44.655, +0.93 pct premarket
** MICROSOFT CORP, Monday close $42.905, +0.29 pct premarket
The tech companies added a termination clause to the terms of their search partnership agreement under which either company can end the deal on or after Oct. 1, according to a regulatory filing by Yahoo on Monday. (1.usa.gov/1En0U0y).
** GENERAL ELECTRIC CO, Monday close $27.02, +0.07 pct premarket
** WELLS FARGO & CO, Monday close $54.36, +0.81 pct premarket
GE is in early-stage talks with the bank about selling its entire $74 billion U.S. commercial lending and leasing portfolio to the bank, according to a source familiar with the situation.
** GENERAL MOTORS CO, Monday close $37.11, +0.78 pct premarket
Hedge fund manager David Einhorn’s Greenlight Capital has taken a new stake in the automaker, nearly a year after selling off its position, the firm said in a letter to clients on Monday, seen by Reuters.
** ENCANA CORP, Monday close $13.52, +2.81 pct premarket
Canada’s largest natural gas producer is considering selling its natural gas properties in Haynesville Shale basin acreage in Louisiana, Bloomberg reports, citing sources.
** LAM RESEARCH CORP, Monday close $71.99, +11.70 pct premarket
The chip gear maker’s revenue for the first quarter rose 13 percent to $1.39 billion as shipments jumped 19 percent.
** FORTINET INC, Monday close $34.63, +10.37 pct premarket
The security software maker reported a better-than-expected first-quarter profit and revenue. (Compiled by Rosmi Shaji in Bengaluru; Editing by Joyjeet Das)