Among the companies with shares expected to actively trade in
Tuesday's session are Coca-Cola Co. (KO), Johnson & Johnson
(JNJ) and Zebra Technologies Corp. (ZBRA).
Coca-Cola said its first-quarter earnings and revenue declined,
though volumes for the beverage giant edged up. Revenue for the
period slightly topped Wall Street expectations. Shares rose 2.4%
to $39.66 premarket.
Johnson & Johnson said its first-quarter earnings rose 35%
led by sales growth in the health-products giant's pharmaceutical
business. Results beat expectations, and the company raised its
per-share earnings estimate for a year. Shares rose 2.4% to $99.46
premarket.
Zebra Technologies made a bid to substantially grow its
business, agreeing to buy Motorola Solutions Inc.'s (MSI)
enterprise business for $3.45 billion in cash. The deal represents
a large expansion for Zebra as the barcode-printing and
asset-tracking company looks to strengthen its presence in retail,
logistics, transportation and manufacturing. Zebra shares rose
5.54% to $72.04 and Motorola Solutions shares increased 3.5% to
$66.01.
Aaron's Inc. (AAN) said it has acquired virtual lease-to-own
company Progressive Finance Holdings LLC for $700 million and it
will reject Vintage Capital Management LLC's offer to buy the rest
of Aaron's it doesn't already own. Shares fell 4.8% to $29.
Watch list:
Brink's Co. (BCO) said Monday it will adopt Venezuela's new
floating exchange rate and said it expects to incur a financial hit
for the quarter, joining the growing list of companies hurt by
Venezuela's rate changes.
DSW Inc. (DSW) said Tuesday that it is entering the Canadian
market by buying a stake in Canadian footwear retailer Town Shoes
Ltd. The discount footwear giant will acquire about a 44% interest
in Town Shoes, a major Canadian footwear retailer, for 68 million
Canadian dollars (about $62 million) in cash.
Ellie Mae Inc. (ELLI) on Monday confirmed there wasn't a breach
of customer data in a recent outage and that the outage wasn't the
result of a malicious attack.
Entergy Corp. (ETR) projected first-quarter earnings that topped
analysts' expectations thanks to significantly higher wholesale
electricity prices as the result of cold winter weather and
limitations of pipeline infrastructure in the Northeast. The
company, which also raised its 2014 profit outlook, said weather
impacts boosted results at its utility business.
International Shipholding Corp. (ISH) tempered its adjusted
profit target for 2014, as the cargo transportation provider says
results will be hurt by temporary woes, including some poor weather
conditions.
John Wiley & Sons Inc. (JWA, JWB) on Tuesday said it agreed
to buy privately held French management solutions company
CrossKnowledge for $175 million in cash. CrossKnowledge's
customizable offerings--including skills assessment, training and
certifications--are delivered through a cloud-based platform.
Northern Trust Corp. (NTRS) said its first-quarter earnings rose
11% as the trust bank reported higher net interest income and
trust, investment and other servicing fees. But results missed the
estimates of analysts polled by Thomson Reuters.
Pep Boys-Manny Moe & Jack (PBY) posted a 6.6% decline in
sales in its fiscal fourth quarter, as the auto-care company
continued to suffer from low tire prices.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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