Among the companies with shares expected to actively trade in Wednesday’s session are Alcoa Inc.(AA), Constellation Brands Inc.(STZ) and Intuitive Surgical Inc.(ISRG)
Alcoa swung to a first-quarter loss as the aluminum maker booked restructuring charges and a steeper-than-expected drop in revenue. Adjusted earnings, however, topped expectations, pushing shares up 4.3% to $13.07 premarket.
Wine and spirits maker Constellation Brands said its fiscal fourth-quarter earnings grew 92%, as the company’s beer shipments continued to rise thanks to a significant acquisition. Earnings beat expectations, and the company projected earnings for the year that mostly topped consensus views.
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Intuitive Surgical said it expects to report sales of its da Vinci surgical robots fell 59% in the first quarter due to weaker demand for some of the minimally invasive procedures performed with the devices. Shares dropped 9.2% to $445 premarket.
Constant Contact shares jumped Tuesday after the Web-based marketing software and services company issued preliminary first-quarter revenue growth that exceeded Wall Street’s expectations. Shares surged 15% to $25.25 premarket.
Bank of New York Mellon Corp.'s(BK) shareholders on Tuesday voted against a proposal that would have required Chief Executive Gerald Hassell to give up the role of chairman.
McClatchy Co.(MNI) agreed to sell the Anchorage Daily News to an Alaska-based online-only news site for $34 million, unloading a profitable paper as the publishing industry struggles with declines in newspaper advertising.
MSC Industrial Direct Co.(MSM) said its fiscal second-quarter earnings fell 12%, as the industrial- and maintenance-supplies distributor’s higher costs and expenses offset an increase in revenue.
News Corp(NWSA) acquired Handpicked Cos., a luxury-shopping website in the U.K., continuing the newspaper publisher’s push into new online tools and resources. Handpicked, which launched its website in 2007, sells home decor, children’s toys and gifts. News Corp said the site’s offerings will be promoted through two of News Corp’s U.K. publications, The Times and The Sunday Times.
Science Applications International Corp.(SAIC) said its fiscal fourth-quarter earnings fell 23%, as the government contractor posted weaker revenue that was partly offset by lower expenses related to its spinoff by the former SAIC Inc. last year and other one-time items.
United Continental Holdings Inc.(UAL) reported a 0.7% increase in traffic in March, bolstered by growth in the domestic and Latin markets.
WD-40 Co.(WDFC) said its fiscal second-quarter profit edged lower thanks to higher costs, masking an uptick in sales of its multi-purpose products, including its flagship lubricant spray.
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