Among the companies with shares expected to actively trade in Wednesday’s session are Dow Chemical Co.(DOW), Tupperware Brands Corp.(TUP) and Yahoo Inc.(YHOO)
Dow Chemical swung to a fourth-quarter profit on improved sales in most of its operating businesses. Results solidly topped expectations and the company disclosed plans to boost its quarterly dividend by 15% to 37 cents a share and increase its stock buyback authorization to $4.5 billion. Shares climbed 6.4% to $45.80 in premarket trading.
Tupperware Brands said its fourth-quarter earnings rose 10% as sales improved in its emerging markets, offsetting weakness in established areas, but the results missed the company’s own estimates and it offered an outlook below consensus estimates. Shares dropped 6.9% to $78.03 premarket.
Yahoo reported its revenue fell 1.7% in the fourth quarter, minus commissions paid to partners for Web traffic, the fourth straight quarter without growth. The company’s closely watched display-ad revenue, which makes up about 41% of the company’s total, fell another 5.6% even as the overall market grows quickly. Shares dropped 5% to $36.32 premarket.
Air Methods Corp.(AIRM) issued a preliminary fourth-quarter profit outlook that missed Wall Street’s expectations, due to flight volume weakness and poor weather that led to cancellations. Shares dropped 5.8% to $48.40 premarket.
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Electronic Arts Inc.(EA) executives are excited about new videogame consoles, but sales of games for older devices have dropped off more quickly than expected, causing pain in the latest quarter and dragging the company’s revenue expectations lower. Shares edged up 1.7% to $25.30 premarket.
EMC Corp.(EMC) said its fourth-quarter earnings grew 17% as the data-storage provider benefited from strong growth in its emerging storage business. However, its stock declined 2.3% premarket to $24.81 after the company forecast 2014 results below market expectations.
Pawnshop operator EZCorp Inc.(EZPW) reported better-than-expected fiscal first-quarter results as sales in existing stores were strong despite a soft U.S. holiday shopping season. Shares surged 16% to $10.80 premarket.
Bio-technology company Fluidigm Corp.(FLDM) agreed to acquire DVS Sciences Inc. for about $208 million to expand its portfolio of single-cell technology products. DVS manufactures and distributes bioanalytical products for biological research and future clinical applications. Shares dropped 2.3% to $40.02 premarket.
Rockwell Automation Inc.(ROK) said its fiscal first-quarter earnings jumped 23% as operating margins widened and sales in both segments increased. Results topped estimates, pushing shares up 2.6% to $118 premarket.
Valero Energy Corp.(VLO) said its fourth-quarter profit rose 28% as the oil refiner got a boost from the spinoff of gas-station retailer CST Brands Inc.(CST) Results easily topped estimates.
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