Among the companies with shares expected to actively trade in Monday’s session are Target Corp.(TGT), Tyson Foods Inc.(TSN) and Pfizer Inc.(PFE)
Target replaced Chief Executive Gregg Steinhafel as the retail giant continues to contend with a massive data breach over the holiday-shopping season.
Tyson Foods said its fiscal second-quarter profit more than doubled as higher average prices buoyed sales, particularly in beef and pork.
Pfizer said its first-quarter profit shrank 15% as the drug maker posted weaker revenue in its two largest businesses. The company didn’t comment in its news release about its pursuit of British pharmaceutical firm AstraZeneca(AZN.LN) PLC, other than to note that because of rules in the U.K. Takeover Code, Pfizer isn’t permitted to confirm or update its bottom-line 2014 per-share earnings guidance.
B/E Aerospace Inc.(BEAV) said over the weekend that it was considering a possible sale or split as part of a strategic review, canceling an investor meeting scheduled for Monday. Shares rose 11% premarket.
The acquisition price for Nordion Inc.(NDN.T) has been increased 50 cents to $12.25 a share. The other terms of the agreement–struck with Sterigenics in March–remain unchanged, Nordion said.
Orbitz Worldwide Inc.(OWW) posted a wider-than-expected first-quarter loss, but revenue outpaced analysts’ views. Shares rose more than 10% in recent premarket trading.
Chinese Internet company Sina Corp.(SINA) said it was hit by a $815,000 fine and received notices from the government that certain licenses would be revoked over “unhealthy and indecent content.” The company separately said it expects first-quarter revenue and adjusted per-share earnings that topped analysts’ expectations. Shares fell 3.4% premarket.
Warren Buffett-led Berkshire Hathaway Inc.(BRKB) said first-quarter profit fell, driven by lower net income at two of its major businesses, a reinsurance unit and the Burlington Northern Santa Fe railroad. FedEx Corp.(FDX) said it would raise its freight-delivery fuel surcharge for some deliveries and next year start charging for ground delivery based on package volume for all packages.
Occidental Petroleum Corp.(OXY) said its first-quarter earnings rose 2.6% as sales and production increased, led by the company’s oil-and-gas segment.
PetMed Express Inc.(PETS) said its fiscal fourth-quarter earnings edged down 1.7% at the retail pet-pharmacy as severe winter weather dented sales.
Sysco Corp.(SYY) said its earnings for the first three months of the year fell 10% as higher expenses outpaced a rise in revenue.
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