Stocks to Watch: DD, MMM, UTX & More
Senior Producer, CNBC
Take a look at some of Tuesday's morning movers:
DuPont - DuPont earned $0.44 per share for the third quarter, two cents shy of estimates, with revenues short of consensus, as well. DuPont is also cutting 1,500 jobs in an effort to boost competitiveness.
United Technologies - The industrial conglomerate reported third-quarter profit of $1.37 per share, above estimates of $1.18, though the company said much of that beat stemmed from less dilution than expected from its Goodrich acquisition.
Whirlpool - The appliance maker reported third-quarter profit of $1.80 per share, 20 cents above estimates, with revenue essentially in line with expectations. Whirlpool also raised its full-year guidance, helped in part by a housing recovery.
RadioShack - The electronics retailer reported a larger-than-expected quarterly loss, as its performance was hit by shrinking margins in the smartphone business.
Coach - Coach earned $0.77 per share for the third quarter, one cent above estimates, helped by a jump in international sales. Coach also authorized the repurchase of up to $1.5 billion in stock by June of 2015.
Harley-Davidson - The motorcycle maker earned $0.59 per share for the third quarter, one cent above estimates. Earnings were down 27 percent from a year earlier, though, due to production disruptions from planned manufacturing plant upgrades.
Lexmark - The maker of computer printers earned $0.94 per share for the third quarter, excluding certain items, above estimates of $0.78. However, its current quarter outlook is well short of estimates amid declining printer sales.
Yahoo - Yahoo reported third-quarter profit of $0.35 per share, 10 cents above estimates. CEO Melissa Mayer also suggested that the company may use the proceeds of the sale of its stake in Alibaba to buy back stock.
Western Digital - The disk drive maker reported fiscal first-quarter profit of $2.36 per share, seven cents above estimates, with revenue also slightly above consensus. But its second-quarter profit forecast is below estimates, pressuring the shares in after-hours trading along with those of rival Seagate Technology.
Texas Instruments - Texas Instruments reported third-quarter profit of $0.45 per share, excluding certain items, one cent below estimates, though revenue came in slightly above. The company's fourth-quarter revenue and earnings forecast was below estimates. Texas Instruments said it's being affected by a trend of manufacturers making their own chips for devices like smartphones and tablets.
Apple - Apple is widely expected to introduce an "iPad Mini" at a media event in California today. The official name of the device and the pricing isn't known, but all will be revealed when the presentation starts at 1 p.m. New York time/10 a.m. Pacific time.
Chesapeake Energy - The energy producer plans to pay off more than half of a $4 billion bridge loan, following the sale of some Permian Basin oil and gas properties for $2.8 billion. Chesapeake has sold about $12 billion in assets this year to relieve a cash crunch.
Nokia - Nokia is planning on a nearly $1 billion sale of convertible bonds to boost its cash reserves. The company is set to debut new phone models next month as it attempts to compete with Apple and Samsung in the smartphone market.
Rent-A-Center - The company matched estimates with its third-quarter profits, but the rent-to-own company saw revenue come in well below estimates.
VF Corp. - The clothing maker's stock was removed from the "best ideas" list at Morgan Stanley, following recent outperformance by VF's shares and a lack of near term catalysts.
—By CNBC's Peter Schacknow
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