Take a look at some of Wednesday’s morning movers:
Alcoa - The Dow Jones Industrial Average component got earnings season off to a positive start, reporting an unexpected profit for its first quarter. Its earnings, however, were 69 percent below year-earlier levels on higher input costs and lower aluminum prices.
Krispy Kreme Doughnuts - President and Chief Operating Officer Kenneth May has resigned for what’s being termed “personal reasons.” May had held that post for less than five months.
Owens-Illinois - The company says its first-quarter earnings will exceed last year’s first-quarter profit of 50 cents a share, meaning it will beat current estimates, which are at 50 cents a share. The maker of glass containers says stronger production rates are one of the primary factors.
Best Buy - The electronics chain confirming that CEO Brian Dunn resigned amid an unspecified probe into his personal conduct. It says those issues were unrelated to the company’s operations or financial controls.
Apple - The company may be sued as early as today in a case involving alleged price fixing of electronic books, according to Reuters. Others involved in the case, including CBS unit Simon & Schuster and HarperCollins, are said to be settling the matter.Page 1 of 3 | Next Page