Among the companies with shares expected to trade actively in Tuesday's session are Mallinckrodt PLC (MNK), Mylan NV (MYL) and Pfizer Inc. (PFE).

 

Mallinckrodt PLC raised its profit forecast for the year as the biopharmaceutical company reported better-than-expected revenue and earnings in its latest quarter. Shares rose 6.23% to $64.49 in premarket trading.

 

Mylan NV reported profit slipped in the latest quarter as expenses ticked up, though the pharmaceutical company's adjusted profit came in above analysts' projections. Shares rose 3.72 to $44.30 premarket.

 

Pfizer Inc. on Tuesday reported better-than-expected results for its first quarter and raised its guidance for the year as both new and established product lines showed revenue growth. Shares rose 2.44% to $33.60 premarket.

 

Starwood Hotels & Resorts Worldwide Inc. (HOT) reported better-than-expected profit in the latest quarter, as the company works to close its much-watched merger with Marriott International Inc. that almost fell apart amid a bidding war with a Chinese insurance firm. Shares rose 1.35% to $83.23 premarket.

 

Sprint Corp. (S) on Tuesday reported its loss widened more than expected in the final quarter of the year, though revenue slipped less than anticipated. Shares rose 2.87% to $3.59 premarket.

 

CVS Health Corp. (CVS) logged better-than-expected results for its first quarter, as recent acquisitions helped push prescription volumes higher.

 

Archer Daniels Midland Co. (ADM) reported a steeper-than-expected drop in revenue and profit in its latest quarter, as the grain trader and processor continued to face low exports and weak margins.

 

Biogen Inc. (BIIB) said it plans to spin off its hemophilia business as a separate publicly traded company so the biotechnology company can increase its focus on its neurology drugs.

 

Health-care software and data company IMS Health Holdings Inc. (IMS) and drug-industry outsourcer Quintiles Transnational Holdings Inc. (Q) on Tuesday said they agreed to merge in an all-stock deal worth about $8.75 billion.

 

Amplify Snack Brands Inc.'s (BETR) first-quarter profit nearly doubled as the maker of SkinnyPop popcorn reported a 23% increase in sales. But higher marketing spending ate away at the company's margins.

 

Anadarko Petroleum Corp. (APC) on Monday posted weaker-than-expected sales in the first quarter as the rout in the oil sector continued, though its quarterly loss wasn't as bad as analysts had forecast.

 

Community Health Systems Inc. (CYH) on Monday reported first-quarter profit well below Wall Street estimates.

 

Edison International on Monday reported weaker-than-expected results for the first quarter, hurt by the timing of a rate-case decision last year and higher costs.

 

Norwegian oil and gas producer Statoil ASA said Monday it has agreed to sell some of its assets in the Marcellus Shale formation in West Virginia to EQT Corp. (EQT) for $407 million in cash.

 

General Growth Properties Inc.'s (GGP) revenue rose 2% in the first three months of the year. Profit, however, plunged as it reporter a sharp drop in gains from changes in control of investment properties.

 

Bottle maker Owens-Illinois Inc. (OI) on Monday raised its profit projections for the year following better-than-expected results during the first three months of the year.

 

Tenet Healthcare Corp. (THC) swung to an first-quarter loss as the hospital operator increased a legal reserve related to a potential resolution of a whistleblower lawsuit that alleges the company's Georgia hospitals took part in a kickback scheme.

 

Universal Health Services Inc. (UHS) agreed to acquire minority interests in six of the company's hospitals in the Las Vegas market from an unidentified third party for a cash payment of $445 million.

 

Vivint Solar Inc. (VSLR) said Monday said it had appointed an interim chief executive after CEO Greg Butterfield resigned, effective immediately. The company didn't explain why Mr. Butterfield was leaving other than saying in a regulatory filing that "there were no known disagreements" that led to his resignation.

 

Vornado Realty Trust (VNO) swung to a first-quarter loss as it booked more than $165 million in impairments largely tied to a Virginia office complex. The real-estate investment trust has been discussing a possible separation of its Washington business.

 

Write to Chris Wack at chris.wack@wsj.com or Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

May 03, 2016 09:22 ET (13:22 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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