Among the companies with shares expected to trade actively in Wednesday’s session are Weight Watchers International, Apple, and Delphi Automotive
Weight Watchers Tuesday raised its 2017 earnings guidance as it delivered a solid first-quarter beat, keeping pace with its turnaround plan. The company has benefited from Oprah Winfrey‘s star power and endorsement, and last year it reported its first annual membership gain since 2012. Shares of Weight Watchers jumped 15% to $24.29 in premarket trading.
Apple extended its rebound in the latest quarter with rising profit and revenue, but the technology giant reported tepid iPhone demand. Shares slipped 1.1% to $145.84 in premarket trading.
Delphi Automotive announced plan to spin off its powertrain systems segment. DLPH expects its second-largest segment by revenue to become an independent public company by March 2018, and existing shareholders will own shares of both companies. Shares rose 6.4% premarket.
Perrigo said Tuesday its offices were searched by investigators conducting a federal probe of price collusion in the generic-drug industry. Shares dropped 4.6% to $72.70 premarket.
North America was the only region where Mondelez International comparable sales fell in the first quarter, as food makers struggle with a turn by U.S. consumers toward fresher foods. Mondelez logged 0.6% growth globally and it continued to improve profitability through cost-cutting. Shares rose 3.4% to $45.24 in premarket trade Wednesday.
Yum! Brands Inc. posted much higher profit in the first quarter thanks to same-store sales growth at Taco Bell and KFC.
[wsj-responsive-more-in tag=”Stocks” category=”” ]
Time Warner revenue rose 6% in the first quarter, with operating income improving 4% to $2.1 billion. Two hit films helped–The LEGO Batman Movie and Kong: Skull Island–as well as interest in the NCAA men’s basketball tournament and the HBO series Big Little Lies.
Molson Coors Brewing CEO Mark Hunter said 2017 “will be a transition year” after the company’s takeover of MillerCoors late last year.
For more insight into stocks and bonds, deals and dealmakers, the economy and business, be sure to subscribe to the MoneyBeat podcast.
May 03, 2017 at 07:11PM
from Jenny Roth
No comments:
Post a Comment