Among the companies with shares expected to actively trade in
Tuesday's session are Allergan Inc. (AGN), Rent-A-Center Inc.
(RCII) and Netflix Inc. (NFLX).
Activist investor William Ackman and Valeant Pharmaceuticals
International Inc. (VRX) made public their bid to acquire the maker
of Botox, Allergan. Allergan shares rose 17% to $166.33 premarket.
Valeant shares rose 4.5% to $131.68 premarket.
Rent-A-Center said it plans to close about 150 stores in its
core U.S. segment by the end of the current quarter as the provider
of rent-to-own home furniture said demand continues to decline.
Shares rose 6.7% to $27.50 premarket.
Netflix will raise the price of its streaming service for new
members by a dollar or two a month, it said on Monday. It also said
that it now has more than 34 million paid subscribers in the U.S.
Shares rose 7.9% to $376 premarket.
Harley-Davidson Inc. (HOG) said its first-quarter earnings rose
19% as worldwide motorcycle sales jumped higher. Shares climbed
more than 5% in recent premarket trading as earnings and revenue
beat market expectations. Shares rose 6.8% to $72.10 premarket.
Lexmark International Inc. (LXK) said its first-quarter earnings
fell 27% as the printer company reported weaker revenue in its
product segment and higher operating expenses. Results still beat
expectations. Shares fell 4.9% to $44.50.
Rambus Inc. (RMBS) swung to a first-quarter profit amid a jump
in revenue, but a muted revenue outlook for the current quarter
weighed on shares. Shares fell 6.6% to $11.49 premarket.
Travelers Cos. (TRV) said it posted a record operating profit in
its first quarter, easily topping Wall Street analysts'
expectations. Shares rose 50 cents to $86.90 premarket.
Xerox Corp. (XRX) said its first-quarter earnings fell 5.1% as
revenue from the company's document-technology business continued
to shrink. The company trimmed its full-year adjusted earnings
expectations. Shares fell 4.1% to $11 premarket.
Watch list:
Bank of New York Mellon Corp. (BK) said it swung to a
first-quarter profit as assets under management grew. Earnings
topped analysts' expectations, but revenue fell short.
Cadence Design Systems Inc. (CDNS) agreed to acquire privately
held Jasper Design Automation Inc. for about $170 million, adding
technology strengths that complement the chip design technology
company's own system verification solutions.
Interpublic Group Of Cos. (IPG) posted a narrower first-quarter
loss as revenue improved in the U.S. and internationally. Results
beat expectations.
Janus Capital Group Inc. (JNS) said its first-quarter profit
rose 8.9% as revenue and assets under management grew. Revenue
exceeded the estimates of analysts polled by Thomson Reuters.
Pentair Ltd. (PNR) said its first-quarter earnings surged as
lower costs and stonger margins offset a revenue decline at the
water-treatment and technical products company. The top line missed
estimates and the company gave a weak forecast for the current
quarter.
Simon Property Group Inc. (SPG) said its first-quarter profit
jumped 21% as the mall owner's rental revenue and occupancy levels
improved. Results beat expectations.
United Technologies Corp. (UTX) said its first-quarter earnings
fell 4.2% as restructuring-related expenses and other items masked
broad sales growth across its businesses. For the year, the company
raised the lower end of its per-share earnings estimate.
Zions Bancorp (ZION) said its first-quarter earnings fell 8.3%,
though the regional bank recorded a slight increase in revenue.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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