October 29, 2013 / 12:39 PM / 5 years ago

MARKET PULSE-Apple, Thomson Reuters, Goodyear, Cummins, Nokia

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

Oct 29 (Reuters) - U.S. stock index futures were little changed on Tuesday, suggesting the market’s recent rally may have run out of steam as earnings fail to spur optimism with stocks near record highs. S&P 500 futures were up 0.05 percent, Dow Jones industrial average futures were up 0.02 percent and Nasdaq 100 futures were up 0.04 percent.

** APPLE INC, Monday close $529.88, up 0.7 pct premarket

The world’s most valuable tech company said on Monday it expected revenue of $55 billion-$58 billion this quarter, outpacing Wall Street’s forecast for about $55.65 billion.

The outlook prompted at least eight brokerages to raise their price targets on the stock on Tuesday.

** THOMSON REUTERS CORP, Monday close $35.73, up 0.6 pct premarket

The company said net sales in its Financial & Risk division turned positive for the first time since 2011.

** AIR PRODUCTS & CHEMICALS INC, Monday close $109.54

The industrial gas maker forecast lower-than-expected earnings for the full year and the first quarter, after reporting a marginal fall in fourth-quarter profit due to a fall in sales in its electronics and performance materials business, and its tonnage gases segment, which caters to refiners and steelmakers.

** CUMMINS INC, Monday close $134.91, down 5.5 pct premarket

The maker of truck engines and auto parts said it expected a fall in 2013 revenue due to weak demand for capital goods in most of its major markets. The company said engine sales fell 1 percent to $2.5 billion in the third quarter ended Sept. 29 as demand declined from the mining, stationary power, and light-duty on-highway truck markets. Cummins said it expected full-year revenue to fall 3 percent. It had earlier expected revenue to be flat in 2013.

** TD AMERITRADE HOLDING CORP, Monday close $27.93, up 0.3 pct premarket

The biggest U.S. discount brokerage by client trading volume, posted a 40 percent rise in fourth-quarter net profit as an increase in client-trading boosted transaction and commission fees.

** GOODYEAR TIRE & RUBBER CO, Monday close $22.05, down 3 pct premarket

The biggest U.S. tire maker reported a 5 percent fall in quarterly revenue due to lower sales of its tire-related chemicals in North America.

** TABLEAU SOFTWARE INC, Monday close $63.21, up 9 pct premarket

The data analysis software maker reported a surprise profit in the third quarter as revenue from licenses jumped 90 percent.

At least two brokerages raised their price target on the stock.

** NOKIA OYJ, Monday close $6.75, up 6.4 pct premarket

The company gave an upbeat forecast for its telecom equipment unit Nokia Solutions and Networks, giving hope for a pickup in what will be the Finnish company’s main business after the sale of its phones division to Microsoft.

** BLYTH INC, Monday close $15.50, up 3 pct after market

Direct-selling company CVSL Inc has offered to buy the company, which sells candles, fragrances and ViSalus weight-loss products, for about $268 million, Bloomberg reported citing two people with knowledge of the matter.

** ARCH COAL INC, Monday close $4.16, up 0.7 pct premarket

The company reported a quarterly net loss due to weak prices of coal used to make steel.

** EAGLE ROCK ENERGY PARTNERS LP, Monday close $7.35, down 14 pct after-market

The company, which transports natural gas and associated liquids, reduced its third-quarter cash distribution, saying Eagle Rock generated insufficient cash flow in the quarter to cover its normal distribution level.

At least two brokerages downgraded the stock.

** AMERICAN CAPITAL AGENCY CORP, Monday close $23.87, down 3.6 pct after market

The mortgage REIT reported a 87 percent fall in its quarterly profit, as the company incurred higher interest expenses and earned lower spread income.

BofA Merrill Lynch downgraded the company’s stock to “neutral” from “buy,” according to Theflyonthewall.com.

** PACCAR INC, Monday close $58.21,

The company reported a 32 percent rise in quarterly profit as the company sold more trucks in North America.

** VALERO ENERGY CORP, Monday close $39.45, up 1.7 pct premarket

The U.S. Gulf Coast refiner’s third-quarter net profit more than halved due to lower refining margins and higher costs to comply with U.S. renewable fuel regulations.

** TALISMAN ENERGY INC, Monday close $12.38, up 1.1 pct premarket

Activist investor Carl Icahn increased his stake in the struggling Canadian oil producer to 6.96 percent on Monday, according to a U.S. Securities and Exchange Commission filing.

** PFIZER INC, Monday close $30.74, down 0.5 pct premarket

The largest U.S. drugmaker’s global sales fell 2 percent to $12.64 billion in the third quarter, hurt by generic competition for cholesterol fighter Lipitor and other medicines. Wall Street had expected sales of $12.7 billion.

** BP PLC, Monday close $43.72, up 4.8 pct premarket

The company kicked off the results season for top global oil firms on Tuesday with forecast-beating profits and a dose of what the industry’s investors want - a dividend hike, plans for asset sales, and a promise to keep a lid on spending.

** OCCIDENTAL PETROLEUM CORP, Monday close $97.54, up 0.2 pct premarket

The company delivered a larger-than-expected 15 percent rise in third-quarter profit, driven by a rise in U.S. oil output, cost cutting and higher prices for what it produced.

** JETBLUE AIRWAYS CORP, Monday close $7.53

The company is expected to post higher profit when it reports third-quarter results before markets open on Tuesday as it benefited from summer travel. JetBlue is adding flights to new markets such as San Juan and Orlando but faces challenges in keeping costs down.

** ARCHER DANIELS MIDLAND CO, Monday close $39.84

The agribusiness group’s adjusted third-quarter earnings fell as crop supplies remained tight following last year’s historic U.S. drought.

** UNITED THERAPEUTICS CORP, Monday close $83.39

The biotechnology company reported quarterly earnings that missed analysts’ estimates due to higher expenses.

** HERBALIFE LTD, Monday close $67.92, up 3 pct premarket

The nutritional supplements maker raised its full-year earnings forecast after reporting a higher-than-expected third quarter profit, helped by a strong jump in sales. The company said it now expects full-year adjusted earnings of between $5.19 and $5.23 per share, up from its prior projections of between $4.83 and $4.95.

** HARTFORD FINANCIAL SERVICES GROUP, Monday close $33.90, up 2.5 pct after market

The insurer’s third-quarter operating profit beat analysts’ average estimate as pricing rose 8 percent in its property and casualty commercial business.

Analysts at Barclays Capital and MKM Partners raised their price targets on the stock.

** MASCO CORP, Monday close $20.92, up 4 pct after market

The building products maker reported third-quarter results above analysts’ expectations due to an increase in new home construction and an uptick in repair and remodeling activity in a recovering U.S. housing market.

** RIVERBED TECHNOLOGY INC, Monday close $14.36, up 7.6 pct after market

The network equipment maker forecast current-quarter revenue below analysts’ estimates as it expects sales to the U.S. government to remain weak due to spending cuts.

** SEAGATE TECHNOLOGY PLC, Monday close $49.85, down 4.2 pct after market

The company reported lower-than-expected quarterly results and forecast second-quarter revenue below market estimates as falling personal computer sales dent demand for hard disk drives.

Several brokerages raised their price targets on the stock.

** ELECTRONIC ARTS INC, Monday close $24.83

The video game maker is expected to report second-quarter earnings on the same day it releases its much anticipated holiday title “Battlefield 4.” The company is under pressure to deliver a hit after the poor performance of its 2012 holiday release “Medal of Honor: Warfighter.”

** DINEEQUITY INC, Monday close $71.50

The owner of Applebee’s and IHOP restaurants reported a better-than-expected adjusted quarterly profit as costs nearly halved due to franchising.

** AETNA INC, Monday close $61.78

The company on Tuesday reported a lower-than-expected profit for the third quarter, held back by results in its private Medicare business. (Compiled by Sampad Patnaik; Editing by Joyjeet Das)

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