Among the companies whose shares are expected to actively trade in Thursday's session are Goodrich Corp. (GR), Red Hat Inc. (RHT) and CarMax Inc. (KMX).
United Technologies Corp. (UTX) agreed to buy aircraft-components maker Goodrich for $16.4 billion in cash, the company's biggest-ever acquisition and a signature deal for Chief Executive Louis Chenevert. Goodrich shares jumped 10% to $120.80, while United Technologies' shares slipped 4.5% to $71.50 premarket.
Red Hat's fiscal second-quarter profit jumped 69% as the software company reported strong revenue growth and higher operating margins. Shares rose 5.4% to $42.45 in premarket trading as the results easily topped the company's expectations.
CarMax's fiscal second-quarter earnings rose 3.7% as the used-car dealership chain reported higher used and wholesale vehicle sales, but the results missed estimates for the first time in about two and a half years amid a decline in customer traffic and same-store sales. The company attributed the sales drop to the recent economic slowdown and further weakness in consumer confidence. Shares fell 8% to $25.25 in recent premarket trading.
Herman Miller Inc.'s (MLHR) fiscal first-quarter earnings climbed 53% on better-than-forecast revenue growth, as the maker of office furniture's margin improved because of price increases in May and another strong quarter of higher output. Shares were up 8.4% at $17.50 in light premarket trading on its better-than-predicted earnings and revenue growth.
Computer peripherals maker Logitech International SA (LOGI, LOGN.VX) Thursday issued a third successive profit warning, saying 2012 fiscal sales and profit would be lower than expected, but Chairman and acting Chief Executive Guerrino De Luca said no further downgrades would follow. Logitech fell 14% to $7.52 premarket.
Enbridge Energy Partners LP (EEP) said Wednesday it plans to offer up to about eight million of its Class A units, with proceeds expected to help fund capital-expansion projects and general corporate purposes. Units of the company, which has about 219.5 million units outstanding as of July 29, slid 5.3% to $27.55 in premarket trading.
Steelcase Inc.'s (SCS) fiscal second-quarter profit soared as sharply higher revenue in the Americas offset weak European sales. Shares still fell 8.2% premarket, to $6.25, as the office-furniture maker reported earnings at the low end of its previous guidance.
Standard & Poor's said it will move fertilizer maker Mosaic Co. (MOS) to its S&P 500 index, replacing National Semiconductor Corp. (NSM) ahead of its acquisition by Texas Instruments Inc. (TXN). Mosaic also said it intends to effect a public offering, offering 18 million shares of common stock plus up to an additional 2.7 million shares subject to the underwriter's overallotment option. Shares of Mosaic fell 2.1% to $62.25 premarket.
FedEx Corp.'s (FDX) fiscal first-quarter earnings rose 22% on the continued strength of ground shipments, though the shipping company said slowing global economic growth weighed on volumes and it outlined plans to increase some express-service rates Jan. 2. Shares slipped 0.6% to $72.10 as the company cut its full-year earnings estimate by 10 cents.
Rite Aid Corp.'s (RAD) fiscal second-quarter loss narrowed more than expected as the drug-store chain's same-store sales improved for a third straight quarter and overhead costs declined. Shares added 0.9% to $1.08 premarket.
Bed Bath & Beyond Inc.'s (BBBY) fiscal second-quarter earnings rose 26% as the housewares retailer continued to improve its margin and increase sales, while it kept overhead costs relatively steady. The company raised its full-year earnings view but predicted current-quarter revenue growth to be slower than analysts' estimates.
Consumer products company Church & Dwight Co. (CHD) will partner with two chemicals companies to form a new entity aimed at the growing air pollution control market. Church & Dwight, alongside partners FMC Corp. (FMC) and a part of Tata Chemicals Ltd. (500770.BY) plan to form Natron(x) Technologies to produce, sell and distribute sorbents to users of dry sorbent injection technology.
Education Realty Trust Inc. (EDR) purchased a 90% interest in a collegiate housing community in California for cash, based on a $38.1 million property value.
H.B. Fuller Co.'s (FUL) fiscal third-quarter profit rose 22% as price hikes and cost cutting helped the maker of adhesive, sealant and paint products boost its margins despite higher raw-materials costs. The firm's revenue topped expectations.
Standard & Poor's Ratings Services put junk-rated Orbitz Worldwide Inc.'s (OWW) ratings on watch for possible downgrade because of financial distress at its largest shareholder and business partner, Travelport Holdings Ltd.
Salesforce.com Inc. (CRM) said it paid about $50 million to acquire Assistly, a deal that allows the software firm to offer cloud services to small and emerging businesses.
Scholastic Corp.'s (SCHL) fiscal first-quarter loss narrowed on slightly improved margins and higher sales of education products to schools, as the children's book publisher disclosed plans to cut costs in non-digital areas by $15 million a year.
Warner Chilcott PLC (WCRX) said a U.S. court ruling will prevent Mylan Inc. (MYL) from releasing its generic version of the pharmaceutical company's Doryx acne drug until pending patent litigation is decided.
-Edited by Corrie Driebusch and Caitlin Nish; write to email@example.com and firstname.lastname@example.org