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U.S. stock index futures were little changed on Tuesday, with the Dow and S&P 500 holding near record levels ahead of testimony by Federal Reserve Chair Janet Yellen and a flurry of economic data. Dow Jones industrial average futures were up 0.09 percent at 18,101, S&P 500 futures were down 0.01 percent at 2,106.5 and Nasdaq 100 futures were down 0.06 percent at 4,441.75.
** MACY’S INC, Tuesday close $64.16, -1.43 pct premarket
The department store chain’s fourth-quarter sales rose about 2 percent due to higher demand for apparel and accessories in the holiday shopping season, but missed the average analyst estimate.
** SUNPOWER CORP, Tuesday close $27.8, +12.41 pct premarket
** FIRST SOLAR INC, Tuesday close $49.64, +11.00 pct premarket
Sunpower, the second-largest solar panel maker in the United States, reported a better-than-expected quarterly profit, helped by strong demand for its high-margin power plant business.
First Solar and SunPower also said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets.
** ROSETTA RESOURCES INC, Tuesday close $21.87, -14.49 pct premarket
The oil and gas producer cut its 2015 production forecast to 58-62 thousand barrels of oil equivalent per day (MBoe/d) from 76-82 MBoe/d. Rosetta also reported a lower-than-expected fourth-quarter profit, hurt by lower average sales price.
At least four brokerages downgraded the stock.
** AXT INC, Tuesday close $2.67
The chip component maker reported a 2 percent fall in 2014 revenue on Monday, hurt by lower demand for its products in the fourth quarter. AXT also said its audit committee investigated transactions involving Davis Zhang, its president for China operations, and found no inaccuracies in its financial statement resulting from the transactions.
** HEALTH CARE REIT INC, Tuesday close $78.69, -3.04 pct premarket
The REIT will offer 17 million of its 330 million shares outstanding. The company did not disclose the offer price and said it will use net proceeds to repay debt and for other purposes, including investing in healthcare, seniors’ housing.
** HOME DEPOT INC, Tuesday close $112.28, +3.40 pct premarket
The world’s No.1 home improvement chain, reported a 36 percent rise in fourth-quarter profit and said it would buy back $18 billion of shares.
** TOLL BROTHERS INC, Tuesday close $37.1, +4.53 pct premarket
The largest U.S. luxury homebuilder, reported a higher-than-expected quarterly profit and raised the low end of its full-year home delivery forecast as housing demand strengthened.
** OFFICE DEPOT INC, Tuesday close $9.44, -1.91 pct premarket
The No. 2 U.S. office supplies retailer’s quarterly sales rose nearly 10 percent, helped by the acquisition of OfficeMax.
** CYMABAY THERAPEUTICS INC, Tuesday close $12.25, +6.20 pct premarket
The company said its experimental lead drug met the main goal of reducing episodes of gout in a mid-stage study.
** CHEGG INC, Tuesday close $6.75, +15.56 pct premarket
BMO Capital Markets upgraded the stock to “outperform” from “market perform”, according to Theflyonthewall.com.
The online library operator on Monday signed a deal with book distributor Ingram Content Group Inc’s unit to be able to exit its warehouse operations by the end of this year. The company said it would move investment from physical textbooks to high-margin digital services with Ingram responsible for all new book investments starting May 1.
Chegg also reported a better-than-expected fourth-quarter profit as operating expenses fell 10.4 percent from a year earlier.
** COMCAST CORP, Tuesday close $58.21, -0.42 pct premarket
** TIME WARNER CABLE INC, Tuesday close $149.09
Comcast, the largest U.S. cable operator, posted higher fourth-quarter revenue as it added new video and high-speed internet customers.
Comcast and Time Warner Cable have also been sued for $20 billion for allegedly discriminating against African American-owned media and employing advocates such as the NAACP and the Rev. Al Sharpton to advance their bias.
** HEWLETT-PACKARD CO, Tuesday close $38.19, +0.52 pct premarket
Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to HP in a multibillion-dollar deal that leaves the group’s retail operations untouched.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Tuesday close $198.75, +1.01 pct premarket
Valeant plans to strike smaller deals to build on its acquisitions of Salix Pharmaceuticals Ltd and assets of Dendreon Corp, its chief executive said on Monday.
** FIVE9 INC, Tuesday close $3.78, +8.73 pct premarket
The maker of contact-management software for call-centers reported better-than-expected fourth-quarter revenue and a smaller-than-expected loss as gross margin expands to 48.6 percent from 46.5 a year earlier. The company also forecast higher-than-expected revenue for the first quarter.
** COMPUTER SCIENCES CORP, Tuesday close $71.74, +0.75 pct premarket
Hedge fund Jana Partners disclosed 5.9 percent stake in the information technology services company. The activist investor said the stock was “undervalued” and represented an “attractive investment opportunity”.
** PDL BIOPHARMA INC, Tuesday close $7.34, -4.77 pct premarket
The drug developer reported lower fourth-quarter net income, as acquisition- and compensation-related expenses increased.
** AGRIUM INC, Tuesday close $109.89, +0.41 pct premarket
The Canadian fertilizer and farm retail dealer reported a better-than-expected fourth-quarter profit, helped by higher prices for most grains and oilseeds.
** BARRICK GOLD, Tuesday close $12.71, -0.87 pct premarket
Workers at the Canadian company’s Lumwana Copper Mine in Zambia called off their strike after the government said they would not lose their jobs, an official said.
** MONDELEZ INTERNATIONAL, Tuesday close $36.995, +0.36 pct premarket
Mondelez International and D.E. Master Blenders 1753 proposed on Monday selling the Carte Noire coffee brand instead of two smaller marques to soothe European competition concerns about their merger.
** JPMORGAN CHASE & CO, Tuesday close $59.35, +2.70 pct premarket
The bank is set to charge large institutional customers for some deposits, citing new rules that make holding money for the clients too costly, the Wall Street Journal reported, citing people familiar with the matter.
** XENCOR INC, Tuesday close $15.32, -4 pct after market
The drug developer announced an offering of 5.5 million shares and said it will sell all the shares in the offering. The company had 31.4 million shares outstanding, as of Feb. 5. (Compiled by Sneha Banerjee in Bengaluru; Editing by Joyjeet Das)