PSX Phillips 66

Among the companies with shares expected to trade actively in Friday's session are Baker Hughes Inc. (BHI), Goodyear Tire & Rubber Co. (GT), and Novo Nordisk AS (NVO).

General Electric Co. (GE) is in talks to merge its oil-and-gas business with Baker Hughes, according to people familiar with the matter, a transaction that would dramatically reshape the industrial giant. Shares of Baker Hughes rose 6.6% to $58.17 in premarket trading.

Goodyear cut its outlook for the year amid what it said was a volatile U.S. commercial truck tire business. Shares dropped 7.5% to $28.65 premarket.

Shares in Novo Nordisk plummeted Friday as the Danish pharmaceutical company slashed its long-term growth target, despite reporting a forecast-beating 17% rise in third-quarter net profit. The company's shares were down 13% at $35.75 premarket.

Amazon.com Inc. (AMZN) on Thursday reported a smaller-than-expected increase in third-quarter profit as shipping costs surged and the e-commerce company pumped revenue gains back into product development and operations. Shares were down 5% at $777.47 premarket.

Health-care giant McKesson Corp. (MCK) on Thursday sharply cut its profit outlook for the year as income dropped by more than half in its latest quarter. The company's shares fell 17% to $133.52 premarket.

Drugmaker AbbVie Inc. (ABBV) posted a rise in revenue and profit in its latest quarter, boosted by climbing sales of its blockbuster anti-inflammatory drug, Humira.

Exxon Mobil Corp. (XOM) on Friday posted a 38% decline in quarterly profit as revenue slid worse-than-expected amid the prolonged swoon in oil prices.

French drugmaker Sanofi (SNY) on Friday lifted its profit outlook for the year after posting better-than-expected third-quarter earnings, and said it planned to complete a EUR3.5 billion ($3.82 billion) share buyback by the end of 2017.

Royal Caribbean Cruises Ltd. (RCL) said its third-quarter earnings rose 13%, beating expectations amid strong demand for North American itineraries.

MasterCard Inc. (MA) profit grew 21% in the latest period, as card companies have been trying to attract new customers and increase transactions.

Google parent company Alphabet Inc. (GOOG) on reported rising third-quarter profit Thursday, extending a streak of strength as users spend more time on smartphones and advertisers spend more to reach them there.

Whiting Petroleum Corp. (WLL) gained 1.6% to $8.86 after getting upgraded to Strong Buy from Outperform at Raymond James.

Newell Brands Inc. (NWL) raised the bottom half of its guidance for the year and reported revenue more than doubled and core sales remained strong in the latest quarter as the company works through a transformation.

CenturyLink Inc. (CTL) is in advanced talks to merge with Level 3 Communications Inc., a deal that would give the business-telecommunications companies greater heft in a brutally competitive industry.

Amgen Inc. (AMGN) on Thursday raised its financial projections for the year after reporting an 8.3% increase in third-quarter profit. Results beat expectations.

Chevron Corp. (CVX) reported profit plunged 35% in the latest quarter and revenue slid more than expected amid continued deflated oil prices. But earnings came in sharply above estimates and the No. 2 energy company in the U.S. by revenue returned to the black after three straight quarters in the red.

Baidu Inc. (BIDU) on Thursday reported lower-than-expected revenue for the third quarter and its guidance missed expectations as China's dominant search engine continued to implement stricter standards for its online marketers.

Phillips 66 (PSX) on Friday said profit and revenue dropped in its third quarter as low commodity prices continued to hurt results.

Hershey Co. (HSY) said revenue and profit rose in its third quarter as the chocolate maker continues to search for a new leader and craft a path forward as an independent company after a rejected takeover.

Calpine Corp. (CPN) on Friday posted revenue and profit gains in the quarter but cut its guidance again.

Xerox Corp. (XRX) reached a settlement with shareholder Darwin Deason granting him special shares in the copier maker's two businesses after its split, clearing the way for the company to finish its separation by year-end. The settlement comes as Xerox also reported a bigger-than-expected decline in revenue but still swung to a profit amid falling expenses.

Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

October 28, 2016 09:35 ET (13:35 GMT)

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