Among the companies with shares expected to actively trade in
Tuesday's session are Best Buy Co. (BBY), Home Depot Inc. (HD) and
Campbell Soup Co. (CPB).
Best Buy warned its margins may take a hit in the current
quarter as the consumer-electronics retailer looks to keep pace
with competitors' promotional plans on Black Friday and during the
holiday season. Shares dropped 5.3% premarket to $41.25, even as
the company posted stronger-than-expected fiscal third-quarter
earnings.
Campbell Soup's fiscal first-quarter earnings fell 30% as
retailers reduced inventories, particularly hurting the U.S. soup
business, and the company boosted spending to market new products
in its U.S. soup and simple meals divisions. Results missed
expectations, and the company reduced its guidance for the new
year. Shares dropped 5.9% to $39.33 premarket.
Home Depot's fiscal third-quarter profit jumped 43% as the
retailer's same-store sales and transaction volume improved.
Results beat expectations, and Home Depot again raised its outlook
for the year. Shares edged up 3.2% to $82.25 premarket.
Trina Solar Ltd. (TSL, K3KD.SG) swung to a surprise
third-quarter profit after better than expected demand in China
drove up company shipments and led to strong revenue growth.
American depositary shares surged 11% to $18.04 premarket.
Daktronics Inc.'s (DAKT) fiscal second-quarter earnings climbed
2.1% as a higher volume of product orders offset lower margins.
Results beat expectations, sending shares up 9.1% to $13.73
premarket.
MTR Gaming Group Inc. (MNTG) and privately held Eldorado Resorts
LLC have amended their merger agreement to increase the amount of
cash paid to MTR shareholders, preventing a possible bidding war
for the gaming company. MTR shares surged 13% to $5.92 premarket,
approaching the raised bid price $6.05 a share.
Brocade Communications Systems Inc.'s (BRCD) fiscal
fourth-quarter earnings rose 19% as stronger margins and decreased
costs offset lower revenue for the maker of data and
storage-network products. Adjusted profit for the period exceeded
the company's expectations, sending shares up 5.3% to $8.52
premarket.
Memorial Production Partners LP (MEMP) unveiled a secondary
offering of about 7.1 million units. Memorial Production said the
offering represents interests owned by sponsor Memorial Resource
Development LLC, which will receive all the net proceeds from the
offering. Shares slid 3.8% to $19.67 premarket.
Watch List:
Dick's Sporting Goods Inc.'s (DKS) fiscal third-quarter earnings
edged down as higher overhead costs offset revenue growth. Results
beat expectations, and the sporting-goods retailer raised the lower
end of its per-share earnings estimate for the year.
Honeywell International Inc. (HON) plans to offer $1 billion of
debt as the industrial conglomerate raises funds for general
corporate purposes.
Medtronic Inc.'s (MDT) fiscal second-quarter earnings rose 40%
as the medical device maker said markets for implantable
defibrillators continued to show a trend toward stabilization.
Results narrowly topped expectations.
Pfizer Inc. (PFE) said Monday the U.S. Food and Drug
Administration will allow the label of its rheumatoid arthritis
treatment to include patient reports that the drug improves the
daily lives of its users.
Salesforce.com Inc. (CRM) narrowed its fiscal third-quarter
loss, with the Web-based business-software company's revenue
growing, due in part to its acquisition of ExactTarget Inc.
Semtech Corp.'s (SMTC) fiscal third-quarter profit slid 25% as
the chip manufacturer posted a double-digit drop in revenue and
slightly weaker gross margins.
Tesoro Logistics LP (TLLP), a company spun off in 2011 by oil
refiner Tesoro Corp. (TSO), agreed to pay its former parent $650
million to acquire Los Angeles assets that include two marine
terminals and a pipeline system.
Urban Outfitters Inc.'s (URBN) fiscal third-quarter profit grew
18% as the clothing retailer reported overall sales growth across
all three store formats it operates, while fewer markdowns boosted
gross margins.
Write to Lauren Pollock at lauren.pollock@wsj.com
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