Among the companies with shares expected to trade actively in Wednesday's session are First Data Corp. (>> First Data Corp), JetBlue Airways Corp. (>> JetBlue Airways Corporation) and Time Warner Inc. (>> Time Warner Inc).
First Data, which went public in October, reported Tuesday that it swung to a loss in the final quarter of the year on debt extinguishment and one-time IPO-related charges, though revenue continued to grow more than expected. Shares were 8.1% higher at $12 in premarket trading.
JetBlue Airways reported Wednesday that passenger traffic climbed 11.7% in January from the same period a year ago. Shares rose 0.5% to $20.18 premarket.
Time Warner offered an upbeat forecast for the year after topping earnings expectations in its fourth quarter, thanks to lower costs and continued gains in its HBO segment. However, revenue fell short of estimates. Shares fell 6.98% to $58.80 premarket.
Staples Inc. (>> Staples, Inc.) said Wednesday that it received European Union approval to buy Office Depot Inc. (>> Office Depot Inc), as the merger of office supply giants continues to face pushback from U.S. antitrust regulators. Staples shares rose 3.45% to $8.69 premarket, and Office Depot was up 2.54% to $5.04.
Owens Corning (>> Owens Corning) said profit soared in its fourth quarter, easily beating Wall Street forecasts, as the company saw sales grow in its insulation and roofing business.
Akamai Technologies Inc. (>> Akamai Technologies, Inc.) on Tuesday reported lower fourth-quarter profit, weighed down by costs tied to its network-building push, and disclosed an organizational shakeup to focus operations on its web and media business. In the latest period, revenue from its media delivery segment declined 1.8%.
Anadarko Petroleum Corp. (>> Anadarko Petroleum Corporation) slashed its quarterly dividend by 81% to 5 cents, the latest company to cut payouts to stockholders amid an oil rut. The move will save the company about $450 million a year.
Computer Sciences Corp. (>> Computer Sciences Corporation), which recently spun off its public-sector business, on Tuesday said it swung to a profit in its latest quarter, though revenue fell more than expected.
Walt Disney Co. (>> Walt Disney Co) on Tuesday reported the highest quarterly earnings in its history as the success of the latest installment of "Star Wars" offset continued woes at its ESPN sports network.
Canada's Algonquin Power & Utilities Corp. has struck a $2.4 billion cash deal to buy Empire District Electric Co. (>> Empire District Electric Co). The deal, which is expected to close in the first quarter of 2017, would expand Algonquin's regulated utility footprint in the Midwest and shift its business mix to regulated utility operations.
Panera Bread Co. (>> Panera Bread Co) on Tuesday reported a sales uptick in the December quarter, bolstered by higher prices, and said it expected sales growth to continue this year.
SolarCity Corp. (>> SolarCity Corp) on Tuesday acknowledged it continues to miss installation goals, even as it reported better-than-expected results for its fourth quarter.
Nutritional supplement maker Usana Health Sciences Inc. (>> USANA Health Sciences, Inc.) on Tuesday gave weak projections for the year, following fourth-quarter results that missed Wall Street projections.
Western Union Co. (>> The Western Union Company) on Tuesday reported a 4.2% decline in fourth-quarter profit and projected that currency rates will continue to hurt results in 2016.
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Stocks mentioned in the article : First Data Corp
, The Western Union Company
, JetBlue Airways Corporation
, Owens Corning
, USANA Health Sciences, Inc.
, Time Warner Inc
, Staples, Inc.
, SolarCity Corp
, Panera Bread Co
, Office Depot Inc
, Computer Sciences Corporation
, Anadarko Petroleum Corporation
, Empire District Electric Co
, Walt Disney Co
, Akamai Technologies, Inc.