Among the companies with shares expected to trade actively in Tuesday's session are Tiffany & Co. (>> Tiffany & Co.) and Xerox Corp.(>> Xerox Corp).
Chip maker Analog Devices Inc. (>> Analog Devices, Inc.) easily topped expectations in its latest quarter, powered by demand for products including smartphones and tablets. Shares rose 3.9% to $59 in premarket trading.
Campbell Soup Co. (>> Campbell Soup Company) raised its earnings guidance for the year, but cut its sales outlook as it reported its profit sank 22% in the latest qurater. Shares edged up 1.4% to $50.50 premarket.
Dollar Tree Inc. (>> Dollar Tree, Inc.) said profit in its latest quarter fell as the discount retailer works to integrate a recently-acquired rival, though that acquisition powered a more than two-fold revenue increase. Shares edged down 0.9% to $68.94 premarket.
Hormel Foods Corp. (>> Hormel Foods Corp) raised its annual dividend to $1.16 a share from $1. Shares rose 1.1% to $70 premarket.
Signet Jewelers Ltd. (>> Signet Jewelers Ltd.) swung to a profit in its third quarter, though results missed expectations as the company's lower-priced Kay brand drove sales. The company also issued downbeat guidance. Shares tumbled 5.6% to $132.74 in premarket trading.
Tiffany said earnings this year would fall more than the luxury jeweler previously anticipated, as adverse exchange rates continue to crimp tourists' spending and diminish repatriated profit. Shares fell 3.1% to $74.19 in premarket trading.
William Ackman's Pershing Square Capital Management LP on Monday disclosed an increased 9.9% stake in Valeant Pharmaceuticals International Inc. (>> Valeant Pharmaceuticals Intl Inc). Mr. Ackman has vigorously defended his multibillion-dollar investment in the pharmaceuticals company, which has been criticized over its accounting and sales tactics. Shares edged up 2% to $89.15 premarket.
Activist investor Carl Icahn has built up a 7.1% stake in Xerox, saying the company's stock is undervalued and he may seek board seats. Xerox last month reported its first quarterly loss since 2010. Shares climbed 2.8% to $11.05 premarket.
Other stocks in focus:
Fred's Inc. (>> Fred's, Inc.) swung to a profit in its latest quarter as the retailer's earnings and sales met expectations.
Pepco Holdings Inc. (>> Pepco Holdings, Inc.) has settled a tax dispute related to its former energy lease investments abroad under which the energy-delivery company will pay back taxes but no penalty.
Write to Maria Armental at email@example.com
Stocks mentioned in the article : Tiffany & Co.
, Signet Jewelers Ltd.
, Valeant Pharmaceuticals Intl Inc
, Xerox Corp
, Analog Devices, Inc.
, Campbell Soup Company
, Dollar Tree, Inc.
, Fred's, Inc.
, Hormel Foods Corp
, Pepco Holdings, Inc.