(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) U.S. stocks edged up on Tuesday for the second straight day as a spate of companies beat lowered earnings expectations, helping to ease fears of a disappointing quarter. The Dow Jones industrial average was down 0.12 percent at 18,013.31, the S&P 500 was up 0.10 percent at 2,102.45 and the Nasdaq Composite was unchanged.
** MYLAN NV, $73.8001, +8.46 pct
** TEVA PHARMACEUTICAL INDUSTRIES, $65.1, +2.86 pct
** PERRIGO CO PLC, $193.63, -2.25 pct
Teva offered to buy Mylan at $82 per share in cash and stock. The Israeli company said its proposal was contingent on Mylan not proceeding with its planned acquisition of Perrigo, which it offered to buy for $29 bln earlier this month.
** JAKKS PACIFIC INC, $7.0901, +2.76 pct
The toymaker reported better-than-expected first-quarter revenue, helped by its dolls based on Disney characters. The company secured licenses for entertainment franchises with releases in 2016.
** MELLANOX TECHNOLOGIES LTD, $47.71, +0.87 pct
The network chip maker’s revenue and profit topped Wall Street’s average estimate for the third straight quarter. The company’s revenue forecast for the second quarter also beat analysts’ average estimate.
** MGIC INVESTMENT CORP, $10.52, +1.64 pct
The mortgage insurer’s profit more-than-doubled as it earned higher net premiums. Net premiums written increased about 8 percent to $234.5 million.
** SUPERTEL HOSPITALITY INC, $2.94, +7.30 pct
JCP Investment Management LLC reported a 5.5 percent stake in the real estate investment trust, as of April 20.
** VERIZON COMMUNICATIONS INC, $48.93, -0.91 pct
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, $61.63, -3.17 pct
Stifel analysts cut its rating on the Hamburger chain’s stock to “hold”, citing valuation due to recent appreciation in share price.
** TD AMERITRADE HOLDING CORP, $35.83, -1.65 pct
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, $35.24, +0.28 pct
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, $67.7, -0.94 pct
** HALLIBURTON CO, $47.5, -0.73 pct
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.
** HARLEY-DAVIDSON INC, $56.36, -8.76 pct
The motorcycle maker posted a higher quarterly net profit, but lowered its sales forecast for 2015, citing an aggressive price discounting by competitors.
** KIMBERLY-CLARK CORP, $111.36, +3.73 pct
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, $84.24, -4.01 pct
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, $103.73, -2.27 pct
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]
** TECK RESOURCES LTD, $13.06, -5.57 pct
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, $70.63, -3.03 pct
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.
** ENCANA CORP, $13.67, +1.11 pct
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, $77.24, +7.29 pct
The chip gear maker’s revenue for the first quarter rose 13 percent to $1.39 billion as shipments jumped 19 percent.
** FORTINET INC, $37.82, +9.21 pct
The security software maker reported a better-than-expected first-quarter profit and revenue. (Compiled by Rosmi Shaji in Bengaluru; Editing by Joyjeet Das)