The Kraft Heinz Company (NASDAQ:KHC)
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3 Years : From Jul 2016 to Jul 2019
Among the companies with shares expected to trade actively in Friday's session are Kraft Heinz Co. (KHC), Unilever PLC (UL), and Deere & Co. (DE).
Kraft Heinz has made a $143 billion takeover approach to U.K consumer products giant Unilever, a move that would bring together some of the best-known consumer-facing brands in the world. Unilever shares jumped 11% to $47.15 in premarket trading, while shares of Kraft Heinz were up 4.4% at $91.20.
Farm-equipment supplier Deere said its earnings and sales fell in the most recent quarter as the company continued to cope with soft demand. Although the company still expects agriculture and construction sales to be down industry wide, Deere projected 3% revenue growth for its agriculture & turf segment and 7% growth in its construction and forestry business for the fiscal year. Shares rose 3.2% to $112.75 premarket.
General Mills Inc. (GIS) on Friday cut its already-downbeat sales and earnings forecast for its current year on weaker-than-expected U.S. yogurt and soup sales, further underscoring the company's challenges with soft consumer demand. Shares of General Mills dropped 4.5% to $58.80 premarket.
Car pricing and information website TrueCar Inc. (TRUE) beat Wall Street's fourth-quarter estimates on both the top and bottom lines as it gave a full-year revenue forecast above consensus.
Spectra Energy Corp. (SE) reported a surprise decline in operating revenue in the latest quarter and profit missed Wall Street's expectations amid steep declines in its Western Canada transmission and processing business.
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(END) Dow Jones Newswires
February 17, 2017 09:26 ET (14:26 GMT)
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