Among the companies with shares expected to actively trade in Wednesday’s session are Eli Lilly (LLY) & Co., Monsanto Co.(MON) and J.C. Penney Co.(JCP)
Eli Lilly offered an outlook for this year that fell below analysts’ expectations, while the pharmaceutical company unveiled a growth strategy reliant on treatments for diabetes and cancer patients, as well as for animals. Shares rose 1.5% to $70.74 in premarket trading.
Monsanto said results in its November quarter topped expectations on strength in its soybean segment, but warned that fewer acres of corn globally would weigh on its current quarter. Shares increased 1.3% to $117.30 premarket.
J.C. Penney on Tuesday said sales at its existing stores rose 3.7% over the holiday period from a year ago and should hit 4% for the quarter. Analysts at Retail Metrics had projected same-store sales to increase 2.7% in the fourth quarter. Shares surged 20.6% to $7.91 premarket.
Greenbrier Cos.(GBX) agreed to buy a 19.5% stake in South American railcar maker Amsted-Maxion Hortolandia as it moves to capitalize on growing demand in Brazil. The deal came as Greenbrier posted quarterly earnings that topped expectations and raised its outlook for the year. Shares jumped 9.7% to $54.10 premarket.
Alkermes (ALKS) PLC said its investigational oral treatment for schizophrenia continued to show effectiveness in a Phase 2 study, with patients in the study showing significantly less weigh gain on average than those using an established antipsychotic drug. Shares were up 3% to $62.75 premarket.
Sirius XM Holdings Inc.(SIRI) said Wednesday it expects revenue for last year to surpass its guidance as the satellite radio company added more subscribers than it had expected. However, the company’s revenue guidance for this year came in shy of analysts’ views. Shares gained 1.5% to $3.40 premarket.
RPM International Inc.(RPM) reported fiscal second-quarter results that fell below analysts’ estimates. The company also reduced its earnings-per-share guidance for fiscal 2015 and trimmed the high end of its initial forecast for fiscal 2016. Shares dropped 3.2% to $47.50 premarket.
Supervalu Inc.(SVU) said its third-quarter earnings more than doubled as the supermarket operator posted sales growth in all three of its business segments for the first time in years. Shares advanced 5% to $9.65 premarket.
BGC Partners Inc.(BGCP) on Wednesday said it again extended its unsolicited offer for fellow broker-dealer GFI Group Inc.(GFIG) until the date of a special meeting when shareholders will vote on GFI’s deal with CME Group Inc.(CME) Shares of BGC and GFI were inactive premarket.
T-Mobile US Inc.(TMUS) said Wednesday that it added 1.3 million of the most lucrative wireless customers in the fourth quarter, the vast majority of whom were phone customers.
Boeing Co.(BA) on Tuesday reported record annual orders and deliveries of its commercial jetliners alongside a drop in deal cancellations, easing investor concerns about a market bubble as the company prepares for another boost in production.
Micron Technology Inc.(MU) said its earnings surged as the memory-chip maker benefited from stronger sales and margins, as well as lower costs, during its quarter ended Dec. 4. But the company offered weak guidance for the current quarter and said its expects production in 2015 to come in below the market largely due to product and technology transition.
U.S. Steel Corp.(X) said it will idle plants in Ohio and Texas and lay off 756 workers, becoming one of the first big U.S. industrial casualties of the recent collapse in global oil prices.
Keurig Green Mountain Inc.(GMCR) signed a deal with Dr Pepper Snapple Group Inc.(DPS) to sell capsules that make its sodas in Keurig’s planned cold-drink machine, giving the maker of coffee and brewing machines two of the top three soda companies on a platform central to its long-term expansion plans.
Audio-equipment maker Monster LLC and its chief executive sued Apple Inc.'s(AAPL) Beats Electronics LLC, its co-founders Jimmy Iovine and Dr. Dre, and Taiwanese smartphone maker HTC Corp.(2498.TW) for allegedly conspiring to dupe Monster out of a deal with Beats before the company was sold to Apple for $3.2 billion last year.
Hertz Global Holdings Inc.(HTZ) on Tuesday named Jeff Foland, United Continental Holdings Inc.'s(UAL) chief marketing and strategy officer, as the global car-rental company’s chief revenue officer, effective later this month.
Meru Networks Inc.(MERU), which makes networking products used to provide Wi-Fi service, said it would evaluate its options, including a potential sale, as it unveiled a restructuring plan.
Manitowoc Co.(MTW) unveiled a series of management changes Tuesday, moves the crane and foodservice company said are part of its long-term succession plan process.
Pioneer Natural Resources Co.(PXD) said its drilling and production operations in the Spraberry/Wolfcamp shale area were hurt by severe winter weather, and it likely will be several weeks before the full effect is determined.
SM Energy Co.(SM) plans to exit the Mid-continent region by mid year as it focuses on core development areas, including the Eagle Ford shale in South Texas and North Dakota’s Bakken and Three Forks formations.
Higher sales driven by limited-time-offer sales at Sonic Corp.'s(SONC) fast-food drive-ins drove a 23% increase in first-quarter profit, the company said Tuesday.
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