Among the companies with shares expected to actively trade in
Wednesday's session are Alcoa Inc. (AA), Constellation Brands Inc.
(STZ, STZB) and Intuitive Surgical Inc. (ISRG).
Alcoa swung to a first-quarter loss as the aluminum maker booked
restructuring charges and a steeper-than-expected drop in revenue.
Adjusted earnings, however, topped expectations, pushing shares up
4.3% to $13.07 premarket.
Constant Contact (CTCT) shares jumped Tuesday after the
Web-based marketing software and services company issued
preliminary first-quarter revenue growth that exceeded Wall
Street's expectations. Shares surged 15% to $25.25 premarket.
Wine and spirits maker Constellation Brands said its fiscal
fourth-quarter earnings grew 92%, as the company's beer shipments
continued to rise thanks to a significant acquisition. Earnings
beat expectations, and the company projected earnings for the year
that mostly topped consensus views.
Intuitive Surgical said it expects to report sales of its da
Vinci surgical robots fell 59% in the first quarter due to weaker
demand for some of the minimally invasive procedures performed with
the devices. Shares dropped 9.2% to $445 premarket.
Watch List:
Bank of New York Mellon Corp.'s (BK) shareholders on Tuesday
voted against a proposal that would have required Chief Executive
Gerald Hassell to give up the role of chairman.
McClatchy Co. (MNI) agreed to sell the Anchorage Daily News to
an Alaska-based online-only news site for $34 million, unloading a
profitable paper as the publishing industry struggles with declines
in newspaper advertising.
MSC Industrial Direct Co. (MSM) said its fiscal second-quarter
earnings fell 12%, as the industrial- and maintenance-supplies
distributor's higher costs and expenses offset an increase in
revenue.
News Corp (NWS, NWSA) acquired Handpicked Cos., a
luxury-shopping website in the U.K., continuing the newspaper
publisher's push into new online tools and resources. Handpicked,
which launched its website in 2007, sells home decor, children's
toys and gifts. News Corp said the site's offerings will be
promoted through two of News Corp's U.K. publications, The Times
and The Sunday Times.
Science Applications International Corp. (SAIC) said its fiscal
fourth-quarter earnings fell 23%, as the government contractor
posted weaker revenue that was partly offset by lower expenses
related to its spinoff by the former SAIC Inc. last year and other
one-time items.
United Continental Holdings Inc. (UAL) reported a 0.7% increase
in traffic in March, bolstered by growth in the domestic and Latin
markets.
WD-40 Co. (WDFC) said its fiscal second-quarter profit edged
lower thanks to higher costs, masking an uptick in sales of its
multi-purpose products, including its flagship lubricant spray.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires