Early movers: DD, UTX, TRV, RSH, MO & more
Check out which companies are making headlines before the bell on Tuesday:
DuPont – The company reported second quarter profit of $1.28 per share, one cent above estimates, though revenue was slightly short of consensus. DuPont also announced it was exploring strategic alternatives for its performance chemicals unit.
United Technologies – United Technologies earned $1.70 per share for the second quarter, 13 cents above estimates, though revenue fell short of analyst forecasts. The company raised the lower end of its yearly forecast, and said it was well positioned for a return to organic growth in the second half of the year.
Travelers – The insurance company earned $2.13 per share, excluding certain items, well above estimates of $1.60. Revenue was slightly below consensus, although Travelers is seeing lower catastrophe losses and an improvement in underwriting margins compared to a year ago.
RadioShack – The electronics retailer lost 53 cents per share for the second quarter, wider than the estimate for a 24 cent loss. Still, revenue came in above forecasts. Separately, chief financial officer Dorvin Lively resigned to take a similar job at Planet Fitness.
Altria – The tobacco producer earned 62 cents per share, excluding certain items, for the second quarter, one cent shy of estimates, with revenue also falling short. Altria did, however, raise the lower end of its full year guidance.
Lexmark – The maker of computer printers earned 95 cents per share, excluding certain items, for the second quarter, beating estimates of 88 cents, with revenue also above expectations, as business improved for its higher end printers and print services.
Netflix — The company reported second quarter profit of 49 per share, nine cents above estimates. However, investors were disappointed over the addition of 630,000 new video streaming customers during the quarter, below the 700,000 that Wall Street analysts had anticipated.
Texas Instruments (TXN) – T-I reported second quarter profit of 42 cents per share, excluding certain items, one cent above estimates, with revenue in line with consensus. The chipmaker also made upbeat comments about semiconductor demand for the remainder of the year.
Yahoo — Media chief Mickie Rosen is leaving the company this Friday. AllThingsD reports there may be more departures to come, as lucrative stock options vest for some high ranking executives.
Diageo – The company is expanding in China by taking a controlling stake in spirits producer Shuijingfang. The company is expanding its ownership to 39.7 percent from the current 21 percent in a deal worth $358 million.
Telecom stocks in general could get a boost today from overseas takeover activity. Spain's Telefonica is buying German mobile operation E-Plus from Royal KPN for $6.58 billion, while Vivendi is in talks to sell its controlling stake in Morocco's Maroc Telecom for $5.5 billion.
CapitalSource – The bank is being bought by PacWest Bancorp for $2.29 billion in cash. That follows PacWest's November deal in which it bought First California Financial for about $231 million in stock.
Yum Brands – The company's Taco Bell chain is discontinuing kids' meals and toys beginning later this month. CEO Greg Creed said in a statement that kids' meals and toys "no longer make sense to put resources behind."
Rent-A-Center – The equipment rental company reported second quarter profit of 76 cents per share, one cent above estimates, and raised its full year earnings forecast.
Wendy's (WEN) – The restaurant chain earned 8 cents per share, excluding certain items, for its second quarter, two cents above estimates, though revenue fell short of forecasts. Separately, Wendy's announced it is selling 425 company-owned restaurants to franchise operators.
Domino's Pizza – The pizza chain beat estimates on both the top and bottom lines, reporting second quarter profit of 57 cents per share, excluding certain items. Analyst had predicted per-share profit of 56 cents for Domino's, which saw strong results from global markets.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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