Among the companies whose shares are expected to actively trade
in Wednesday's session are Walt Disney Co. (DIS), Time Warner Inc.
(TWX) and CVS Caremark Corp. (CVS).
Disney's fiscal first-quarter profit rose a
stronger-than-expected 12%, helped by revised contracts with
broadcast affiliates and higher customer spending and attendance at
its theme parks. Shares slipped 1.4% to $40.40 premarket, however,
as revenue missed Street expectations.
Time Warner's fourth-quarter earnings edged up 0.5% as the media
giant reported stronger profits in its networks and publishing
businesses and unveiled a $4 billion share repurchase program.
Shares were up 1.6% to $38.70 in premarket trade as the company
also reported core earnings that easily exceeded analyst
expectations.
CVS Caremark's fourth-quarter profit rose 3.7% as pharmacy
services and retail revenue each grew, though results were hurt by
the increased number of generic products that are hitting the
market. Still, shares gained 2.1% to $43.98 premarket as the
company raised its full-year earnings guidance on anticipation of a
greater-than-expected benefit from business being driven away from
rival Walgreen Co. (WAG) due to its impasse with pharmacy-benefits
manager Express Scripts Inc. (ESRX).
Cognizant Technology Solutions Corp.'s (CTSH) fourth-quarter
earnings rose 16% with help from a double-digit jump in revenue and
steady margins. But shares slipped 2.9% to $69.90 premarket as
revenue fell short of analysts' expectations.
Agrium Inc. (AGU) more than doubled earnings from continuing
operations in its latest fourth quarter, besting both the
fertilizer company's own and analyst expectations. Shares climbed
3.7% to $84.20 premarket.
Ingersoll-Rand PLC's (IR) fourth-quarter earnings rose 14% on a
tax benefit and stronger margins, though shares fell 1.5% to $37
premarket as revenue declined at most of the diversified
manufacturer's main businesses.
Lincoln National Corp.'s (LNC) swung to a loss in the fourth
quarter as impairment charges weighed on the life-insurance and
annuity company's bottom-line, though its core operating earnings
improved. Shares fell 2.6% to $23.20 premarket.
Teekay Tankers Ltd. (TNK) said it plans to offer 15 million
shares of its Class A stock to help repay debt, pushing the shares
down 13% to $3.96 premarket. Triangle Capital Corp. (TCAP) planned
to offer 3.7 million shares, sending its shares down 2.3% premarket
to $18.90. Cardica Inc. (CRDC) said it intends to make an offering,
but didn't specify the amount, and PMFG Inc. (PMFG) was offering
2.6 million shares to repay borrowing.
Watch List:
Alere Inc.'s (ALR) fourth-quarter loss narrowed as the
health-care products company posted sharply smaller write-downs
related to its health-management business. The results topped
expectations.
Apartment Investment & Management Co.'s (AIV) fourth-quarter
loss narrowed as higher rents helped improve the real-estate
investment trust's margins.
Atmos Energy Corp.'s (ATO) fiscal first-quarter profit fell 7.4%
as the natural-gas utility reported higher operating expenses and
weaker gross profit from its nonregulated segment, but its
regulated unit's profit grew.
BHP Billiton Ltd. (BHP) Wednesday posted a 5.5% fall in profit
for the first half of its financial year, and said it expects
volatility in commodity markets to persist as Europe's sovereign
debt crisis and general weakness in manufacturing and construction
across key markets weigh on sentiment.
CBRE Group Inc.'s (CBG) fourth-quarter profit fell 16% as the
commercial real-estate brokerage recorded lower leasing revenue
from the Americas and as margins narrowed. However, adjusted
earnings topped analyst expectations.
Cerner Corp.'s (CERN) fourth-quarter earnings rose 29% as the
hospital information-technology vendor reported double-digit sales
growth and a sharp increase in bookings.
Cliffs Natural Resources Inc. (CLF) said it will dissolve its
Michigan iron nuggets joint venture with Kobe Steel (KBSTY) as coal
and iron-ore producer Cliffs looks to focus on its core
business.
Computer Sciences Corp. (CSC) named the head of a U.K.-based
information-technology company, Mike Lawrie, as its new president
and chief executive, succeeding Michael W. Laphen, who previously
announced plans to retire.
Coventry Health Care Inc.'s (CVH) fourth-quarter earnings fell
43% as the managed-care company's enrollment declined, though
revenue increased more than expected.
Genesee & Wyoming Inc.'s (GWR) fourth-quarter earnings rose
67% as revenue continued to grow despite North America and
Australia operations underperforming the transportation company's
expectations.
Harley-Davidson Inc.'s (HOG) board named President and Chief
Executive Keith E. Wandell as its new chairman, effective
immediately, while also raising the motorcycle company's quarterly
dividend by 24%.
Hartford Financial Services Group Inc.'s (HIG) fourth-quarter
earnings fell 79% amid sharply higher net capital losses and weaker
revenue at the insurance and investment company. However, core
earnings exceeded expectations.
Healthcare Services Group Inc.'s (HCSG) fourth-quarter earnings
rose 16% as the nursing-home housekeeping and food-service provider
reported better-than-expected revenue growth.
Hhgregg Inc.'s (HGG) fiscal third-quarter earnings declined 16%
despite a jump in sales as heavy industry-wide promotions for
televisions weighed heavily on the retailer's margins.
Gene-sequencing company Illumina Inc. (ILMN) unanimously
rejected a takeover bid from drug maker Roche Holding AG (ROG.VX,
RHHBY) calling the Swiss company's offer inadequate.
Jones Group Inc. (JNY) narrowed its fourth-quarter loss, with
the apparel marketer's revenue edging up and input costs showing a
decline.
Level 3 Communications Inc.'s (LVLT) fourth-quarter loss
narrowed amid sharply higher revenue thanks to its Global Crossing
acquisition, as well as a gain related to the network-services
company's recent sale of its coal-mining business.
Panera Bread Co.'s (PNRA) fourth-quarter earnings rose 5.8% as
the bakery-cafe chain saw both corporate-owned and franchise
same-store sales growth. The company missed revenue expectations
and margins dropped.
Plains All American Pipeline LP (PAA) said it will construct a
new 170-mile pipeline in northern Oklahoma and southern Kansas, a
project it said will provide needed capacity for increasing crude
oil production in the Mississippian Lime play.
Ralcorp Holdings Inc.'s (RAH) fiscal first-quarter earnings fell
8.4% as mark-to-market losses on economic hedges and other charges
weighed on the food maker's bottom-line results, though revenue
grew more than expected.
Regency Centers Corp. (REG) dialed back its projections for a
real-estate profitability metric after the property owner's new set
of preferred shares priced.
RenaissanceRe Holdings Ltd.'s (RNR) fourth-quarter earnings sank
32%, as its combined ratio rose due in part to Thailand flooding,
though revenue rose.
Reynolds American Inc.'s (RAI) fourth-quarter earnings rose 16%
though declining cigarette volume contributed to the tobacco
company's lower-than-expected revenue.
Silicon Graphics International Corp. (SGI) swung to a fiscal
second-quarter loss, as the computer-products company reported
higher operating expenses, though revenue increased. The company
badly missed core earnings expectations.
Software-provider Solera Holdings Inc.'s (SLH) fiscal
second-quarter profit fell 8.7% as costs tied to recent
acquisitions overshadowed higher revenue from insurance
providers.
Sprint Nextel Corp.'s (S) fourth-quarter loss widened on
asset-impairment charges, though the wireless carrier's revenue
rose more than expected thanks to subscriber growth.
-Edited by Ian Thomson and Maya Pope-Chappell; write to
ian.thomson@dowjones.com and maya.pope-chappell@dowjones.com