Among the companies with shares expected to actively trade in
Thursday's session are Exxon Mobil Corp. (XOM), Time Warner Cable
Inc. (TWC) and T-Mobile US Inc. (TMUS).
Exxon Mobil said its second-quarter earnings rose 28% on
strength in its exploration and production and refining and
marketing segments. Shares fell 1.5% to $101.70 in premarket
trading.
Time Warner Cable said its second-quarter profit and revenue
improved as the company added more Internet customers, but results
just missed analysts' expectations. Shares fell 0.9% to $150
premarket.
T-Mobile's second-quarter results easily topped analysts'
expectations as the wireless operator gained more than 1.5 million
total subscribers during the period. Shares gained 1.5% to $31.41
premarket.
DirecTV (DTV) said its second-quarter earnings climbed 22% on
higher revenue in both the U.S. and Latin America, as the U.S.
narrowed its loss of subscribers. Shares edged up slightly to
$86.75 premarket.
Valeant Pharmaceuticals International Inc. (VRX, VRX.T) said its
second-quarter profit and sales climbed, as the company again made
a case to acquire Allergan Inc. (AGN). Valeant's shares slumped
5.4% to $119 premarket.
Apache Corp. (APA) said it is exploring the possible separation
of its international assets, as it reported a decline in earnings
for the latest quarter. Shares were up 2.5% to $103.77
premarket.
CME Group Inc. (CME) said its second-quarter profit and revenue
declined, missing analysts' expectations, as the exchange operator
was pressured by low volatility in the markets.
Kellogg Co. (K) said its second-quarter earnings fell, as the
company lowered its full-year outlook amid continued struggles for
its cereal unit.
Colgate-Palmolive Co. (CL) said its second-quarter earnings rose
11% as increased unit sales and pricing helped the company eke out
an increase in revenue. The company reaffirmed its full-year
earnings guidance.
MasterCard Inc. (MA) said its second-quarter profit rose 9.8% on
strong volumes, including those tied to cross-border
transactions.
Exelon Corp. (EXC) said its revenue declined in the latest
quarter amid lower realized energy prices and less nuclear and
fossil output, but results still outpaced market expectations.
Cigna Corp. (CI) said its second-quarter profit improved as the
company recorded higher revenue from premiums and fees from its
global health care and global supplemental benefits segments. The
company again boosted its per-share adjusted earnings outlook for
the year.
Avon Products Inc. (AVP) said its second-quarter profit shrank
as the beauty company continued to post lackluster sales,
particularly in Latin America and North America.
Occidental Petroleum Corp. (OXY) said its second-quarter
earnings rose 8.2%, driven by stronger results at its domestic oil
and gas business and its smaller midstream and marketing
segment.
L-3 Communications Holdings Inc. (LLL) ticked up its 2014
revenue guidance but cut its per-share earnings and margin
expectations as its aerospace segment, which is undergoing an
accounting review, is expected to get hit by charges.
Automatic Data Processing Inc. (ADP) said its fiscal
fourth-quarter profit increased 21% as revenue and bookings for new
business continued to improve.
ConocoPhillips (COP) said its second-quarter earnings rose 1.5%
on increased oil and gas production and higher average selling
prices.
Target Corp. (TGT) named PepsiCo Inc. (PEP) executive Brian
Cornell as its new chief executive, turning to an outsider as CEO
for the first time in its history.
Teva Pharmaceutical Industries Ltd. (TEVA) said it swung to a
profit in the second quarter, driven by strong sales in its generic
medicine sales.
McKesson Corp. (MCK) said its fiscal first-quarter earnings fell
5% despite strong revenue growth related to its international
technology business. The company boosted its fiscal-year per-share
earnings guidance by 10 cents.
PPL Corp. (PPL) said its second-quarter profit fell 43% as its
unregulated wholesale energy segment saw a sharp drop in revenue.
However, the company's adjusted earnings edged higher and it raised
its earnings guidance for the year.
Darden Restaurants Inc. (DRI) said it would repurchase $500
million of its shares under an accelerated buyback program, using
part of the proceeds of its Red Lobster sale to fund the deal.
Write to Tom Rojas at tom.rojas@wsj.com
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