Among the companies with shares expected to actively trade in
Tuesday's session are Rexnord Corp. (RXN), Masco Corp. (MAS), and
Dun & Bradstreet Corp. (DNB).
Industrial-parts maker Rexnord Corp. (RXN) has initiated a
review of strategic alternatives, including a possible sale of the
company. Rexnord also said Monday that its fiscal third-quarter
earnings rose 64%, benefiting from fewer charges despite lower
revenue. Shares jumped 14% to $22.99 after hours.
Masco Corp.'s (MAS) fourth-quarter loss narrowed as the
building-products manufacturer improved sales across its segments
and posted operating-margin growth in North America. Shares rose
6.8% to $19 after hours as results beat Wall Street expectations.
Shares were up 8.8% to $19.35 after hours.
Dun & Bradstreet Corp.'s (DNB) fourth-quarter earnings rose
2.6% as the business-data company posted lower operating costs and
fewer charges related to its strategic technology program and other
items. However, the results fell short of analyst estimates. Shares
were off 5.6% to $80.51 in light after-hours trading.
Gran Tierra Energy Inc. (GTE, GTE.T) reported positive initial
drilling results at its Bretana Norte exploration well in Peru and
is in the process of completing its Moqueta-8 well as a production
well in Colombia. Shares were up 8.8% to $5.95 after hours.
Watchlist:
Fertilizer maker Agrium Inc. (AGU, AGU.T) named two new
directors to its board and said it held discussions with Jana
Partners LLC to resolve a proxy battle with its largest
shareholder, but those talks ended after Jana rejected a proposed
settlement.
Arch Capital Group Ltd.'s (ACGL) fourth-quarter earnings fell
87% as the insurance and reinsurance company was hit by catastrophe
losses related to Superstorm Sandy as well as foreign-exchange
losses.
ATP Oil & Gas Corp. (ATPAQ) is accused of discharging oil
into the Gulf of Mexico, and then adding chemicals to mask the
oil's presence, the U.S. Justice Department said.
Bank of New York Mellon Corp. (BNY) said it expects to record a
charge of about $850 million in the first quarter after the U.S.
Tax Court ruled in support of the Internal Revenue Service in a
dispute about the bank's use of foreign tax credits for 2001 and
2002. The company said it will appeal the court's decision.
Brookdale Senior Living Inc.'s (BKD) fourth-quarter loss widened
as the retirement-home operator reported higher asset impairment
costs leading to higher expenses, masking revenue growth. The
company also promoted T. Andrew Smith to the role of chief
executive, replacing Bill Sheriff, who is retiring.
Federal Agricultural Mortgage Corp. (AGM, AGMA), or Farmer Mac,
appointed R. Dale Lynch as its new chief financial officer,
succeeding Timothy Buzby who was appointed chief executive in
October.
Lions Gate Entertainment Corp. (LGF) swung to a fiscal
third-quarter profit as the movie studio reported strong domestic
box office performance for the final installment of its successful
"Twilight" franchise. Results topped analyst expectations.
Nielsen Holdings NV's (NLSN) fourth-quarter earnings fell 59% as
the information and measurement company reported heavy charges from
debt redemption, though its core earnings and revenue grew.
Nutrisystem Inc. (NTRI) said Chief Financial Officer David Clark
will leave the weight-loss-products company early next month to
join an undisclosed publicly traded company as finance chief.
Owens & Minor Inc.'s (OMI) fourth-quarter profit rose 4.1%
as the medical-products distributor's revenue was helped by an
acquisition, and it recorded fewer charges.
Standard & Poor's Ratings Services raised its rating on
Tyson Foods Inc. (TSN) one notch further into investment grade,
noting further debt repayment and better domestic pricing for
chicken products will allow the company to sustain its improved
credit metrics despite weak beef-processing margins.
TW Telecom Inc.'s (TWTC) fourth-quarter earnings rose 5.3% as
revenue improved, led by stronger sales at its data and Internet
services segment.
VMware Inc. (VMW) has agreed to acquire Virsto Software in an
effort to push growth by boosting its storage portfolio and its
desktop virtualization business. Financial terms of the deal
weren't disclosed.
WNS Holdings Ltd. (WNS) said an offering of about 12.6 million
American depository shares by its largest shareholder Warburg
Pincus LLC priced at a 9% discount to Monday's close. The ADSs
priced at $12.75 a piece.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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