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U.S.-listed shares of major European banks were among the biggest movers of the premarket session on Thursday, continuing to see weakness ever since the results of the European Central Bank’s stress tests were published over the weekend. Dow Jones industrial average futures were down 0.30 percent at 16,874, S&P 500 futures were down 0.34 percent at 1,965.5 and Nasdaq 100 futures were down 0.39 percent at 4,056.5.
** MASTERCARD INC, Wednesday close $75.99, +1.99 pct premarket
** VISA INC, Wednesday close $214.66, +3.88 pct premarket
Mastercard, the second largest card company’s shares rose after China announced plans to open up its market for clearing domestic bank card transactions. The company and larger rival Visa stand to gain access to growing market worth more than $1 trillion annually.
MasterCard posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases.
Visa also reported better-than-expected fourth-quarter adjusted profit on Wednesday.
** LAKELAND INDUSTRIES INC, Wednesday close $11.58, +40.07 pct premarket
The hazmat suits maker said monthly production capacity for its ChemMAX and MicroMAX protective suit lines jumped nearly 50 pct from August and is on track to double by January.
The company said it secured new orders related to Ebola crisis from government agencies around the world as well as other public and private sector customers.
** LPL FINANCIAL HOLDINGS INC, Wednesday close $42.53
The brokerage firm reported a 11.6 percent drop in quarterly profit as it faced more regulatory fines.
** ALLSTATE CORP, Wednesday close $62.98
The largest publicly traded home and auto insurer in the United States reported a higher-than-expected quarterly profit as it earned more premiums.
** F5 NETWORKS INC, Wednesday close $117.12
The application delivery services reported an 18 percent rise in quarterly revenue, helped by strong demand for its network security products in the wake of increasing cyber attacks directed toward large companies.
** ENSCO PLC, Wednesday close $38.71, +2.04 pct premarket
The offshore driller reported a 13 percent jump in quarterly profit as it earned higher average day rates for its rigs.
** JOHNSON CONTROLS INC, Wednesday close $44.42
The car interiors and battery maker’s fourth quarter profit tripled, driven by higher sales of its car seats in North America and a lower income tax provision.
** NATIONAL OILWELL VARCO INC, Wednesday close $72.73
The largest U.S. oilfield equipment provider reported a 10 percent rise in quarterly profit, helped by strong performance in its rig technology business that readies oil and gas wells for production.
** GOODYEAR TIRE & RUBBER CO, Wednesday close $23.03
J.P. Morgan raised its price target on the tire maker’s stock to $34 From $32, after the company reported a higher-than-expected third quarter profit on Wednesday as raw material costs fell in North America.
** MCG CAPITAL CORP, Wednesday close $3.6
KBW raised its price target on the asset manager’s stock to $4.25 from $3.75 after the company said it expected to repurchase up to $75 million of its common stock through a modified “Dutch auction” tender offer at between $3.25 and $3.75. Shares in the offer represent about 53 percent of the company’s outstanding common stock.
** TRINITY INDUSTRIES INC, Wednesday close $34.34
Stifel Nicolaus raised its price target on the railcar maker’s stock to $45 from $43, after it forecast fourth quarter profit below estimates, due to the impact of an acquisition.
Jurors on Oct. 20 found the company liable for defrauding the U.S. government, and it lost a $175 million verdict over a suspected design flaw in its highway guardrails.
** AKAMAI TECHNOLOGIES INC, Wednesday close $56.21, -2.15 pct premarket
The company whose service helps speed up delivery of Web content said on Wednesday a stronger U.S. dollar would hurt revenue growth in the current quarter.
** CIRRUS LOGIC INC, Wednesday close $21.89, +2.33 pct premarket
The company, which makes audio chips for Apple Inc, forecast much better-than-expected revenue for the current holiday quarter in anticipation of strong iPhone 6 and 6 Plus sales on Wednesday.
** DREAMWORKS ANIMATION SKG INC, Wednesday close $23.29, +1.98 pct premarket
The Hollywood studio reported a 17 percent jump in third-quarter revenue, helped by the strong box-office showing of its most recent movie “How to Train Your Dragon 2”.
** METLIFE INC, Wednesday close $52.31, +3 pct after market
The largest U.S. life insurer reported a better-than-expected third quarter profit, helped by higher premiums and gains tied to its derivatives program. Premiums rose 7 percent to $9.69 billion.
** KRAFT FOODS GROUP INC, Wednesday close $56.91, +1.98 pct premarket
Credit Suisse downgraded the maker of Kool-Aid beverages to “neutral” and at least three other brokerages cut their price targets, after the company said on Wednesday that quarterly profit fell nearly 11 percent as price hikes, designed to offset higher commodity costs, hit demand for its popular products such as Velveeta cheese and Jell-O desserts.
** TIME WARNER CABLE INC, Wednesday close $143.75
The second-largest U.S. cable TV operator lost more video subscribers than analysts had expected in the third quarter as more customers opt for internet streaming services offered by companies such as Netflix Inc.
** MOSAIC CO, Wednesday close $42.72
The U.S. fertilizer company’s quarterly profit jumped 63 percent as it sold more phosphate at higher prices. “The improving demand momentum for both potash and phosphates that started in the fourth quarter of 2013 continued,” Chief Executive Jim Prokopanko said in a statement.
** HARMAN INTERNATIONAL INDUSTRIES INC, Wednesday close $101.31, +1.71 pct premarket
The maker of car audio systems, which counts Volkswagen AG and Toyota Motor Corp among its customers, reported a 22 percent jump in quarterly revenue, helped by strong sales of car audio products.
** MAKEMYTRIP LTD, Wednesday close $28.09, +1.60 pct premarket
Deutsche Bank upgraded the online travel company’s stock to “buy” and raised its price target to $38 from $27.
** ELIZABETH ARDEN INC, Wednesday close $15.8
The beauty products company posted a quarterly loss for the third time in a row as sales fell by more than a fifth.
** CME GROUP INC, Wednesday close $81.83
The world’s largest futures market operator reported a 22.5 percent rise in quarterly profit, helped by strong trading volumes. The owner of the Chicago Board of Trade and Chicago Mercantile Exchange said average daily trading volume rose 12 percent to 13.5 million contracts per day in the quarter.
** IMPERIAL OIL LTD, Wednesday close $46.4
Canada’s No.2 integrated oil company and operator of the world’s largest futures market reported a 22.5 percent rise in quarterly profit, helped by strong trading volumes.
** KELLOGG CO, Wednesday close $62.47, -2.35 pct premarket
The world’s largest maker of breakfast cereal reported a 2.1 percent drop in quarterly net sales as demand for its Corn Flakes and Special K wane in the United States, its biggest market. (Compiled by Yashaswini Swamynathan in Bangalore; Editing by Joyjeet Das)