Among the companies with shares actively trading in Tuesday’s session are Delta Air Lines Inc.(DAL), Whirlpool Corp.(WHR) and Netflix Inc.(NFLX)
Delta’s third-quarter earnings rose 31% as the air carrier benefited from improved passenger traffic. Delta shares rose as the results topped expectations.
Whirlpool’s third-quarter earnings more than doubled as the home-appliance manufacturer benefited from increased North American demand and improved margins. The company raised its earnings view for the year as the bottom line beat views. Shares climbed.
Netflix’s third-quarter profit more than quadrupled as the movie-subscription company added more Internet subscribers globally. Shares jumped, as sales for the quarter exceeded expectations and Netflix issued a rosy outlook for the current quarter.
Microsemi Corp.(MSCC) agreed to pay almost $298 million to acquire Symmetricom Inc.(SYMM), a deal that will expand the power-management supplier’s exposure into the aerospace and defense industries while also immediately adding to earnings. Shares in Symmetricom soared.
Oxygen Biotherapeutics Inc.(OXBT) said it agreed to buy about $4.8 million in assets from Phyxius Pharma that treat cardiac-surgery patients. Shares of Oxygen Biotherapeutics rose.
VMware Inc.'s(VMW) third-quarter profit rose 66% as the virtualization-software maker posted strong growth in revenue and wider margins. Shares of VMware rose as the company’s earnings beat expectations.
Forest Laboratories Inc.’s fiscal second-quarter earnings soared as strong growth in the pharmaceutical company’s “next-generation” drugs boosted revenue. Results easily topped estimates and the company raised its per-share earnings estimate for the year. Shares rose.
Travelers Cos., one of the largest insurers of U.S. businesses, said its third-quarter earnings were flat from a year earlier as the company posted an increased underwriting gain, though net investment income slipped. Earnings beat estimates, and the company also authorized an additional $5 billion in share repurchases, sending shares up.
EMC Corp.’s third-quarter income fell 6.4% as the data-storage provider’s higher costs outpaced an improvement in revenue. Results missed Street expectations, and the company lowered its full-year outlook. Shares dropped.
Texas Instruments Inc.’s third-quarter profit fell 20% as the chip maker’s sales dipped slightly and it recorded a larger provision for income taxes compared with the year-ago period. The company’s stock fell as TI’s current-quarter outlook missed analyst expectations.
E-Commerce China Dangdang Inc. on Monday cut its estimate for third-quarter revenue as the Chinese online retailer said it cut sales of some lower-margin products. Shares dropped.
Shares of Illumina Inc. jumped after the gene-sequencing company reported better-than-expected third-quarter results and issued a rosier outlook for the current year. The stock climbed.
Medivation Inc. and Astellas Pharma Inc. said a cancer-study committee informed the companies of positive results from a planned interim analysis of its late-stage trial of enzalutamide, a prostate-cancer treatment. Medivation shares climbed.
Discover Financial Services’ third-quarter earnings fell 6.9% as the company set aside more money to cover potential loan losses, though the company’s credit-card business continued to see growth in loans and a drop in delinquencies. Shares declined.
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