Take a look at some of Wednesday morning’s early movers:
General Mills - The food producer earned 55 cents a share for its third quarter, matching Street estimates, while revenues came in above consensus. The company says input cost inflation pressured its margins during the quarter.
Oracle - The software maker reported fiscal third-quarter profit of 62 cents per share, six cents above analyst estimates, as sales of new software licenses accelerated. Oracle also provided fourth-quarter earnings per share guidance of 76 cents to 81 cents per share, compared to estimates of 76 cents.
Merck & Co. - A U.S. Food and Drug Administration panel has rejected Merck’s proposed cancer drug for sarcoma patients. The panel says the drug didn’t work well enough to offset potentially serious side effects. We’ll also watch shares of Merck’s partner in this drug, Ariad Pharmaceuticals.
Wal-Mart Stores - The world’s largest retailer will carry exclusive “Angry Birds”-themed merchandise, as the latest version of the wildly popular video game is released this week by Rovio.
Cintas - The uniform maker reported fiscal third-quarter profit of 58 cents per share, six cents above estimates, and also raised its guidance for the current quarter. Cintas is crediting lower tax rates and better profit margins in its uniform renting business.Page 1 of 3 | Next Page