Here are some of the companies with shares expected to trade actively in Tuesday’s session. Check back closer to the market open for an update.
—Down 16%: The speaker maker, which went public last month, posted quarterly sales roughly in line with analyst targets and gave in-line full-year revenue projections.
—Down 29%: The retailer reported second-quarter earnings and sales that missed analysts’ expectations and gave lower guidance than expected, citing “weak traffic trends.
Amazon.com Inc.—Down 0.3%: Shares of
have fallen in four consecutive sessions for the first time this year. The dip comes after the e-commerce giant briefly topped a $1 trillion market value and has pushed Amazon’s market cap back below $950 billion.
PLC—Up 3.2%: Activist investor Nelson Peltz, founder of the hedge fund Trian Fund Management LP, resigned from the industrial manufacturer’s board on Monday, the company said.
—Up 0.1%: Halliburton was initiated with a buy rating by Stifel Nicolaus, with analysts saying the oil-service provider is still the “go to” large cap name for U.S. land exposure with a record of strong growth.
—Up 11%: Japanese firm Renesas Electronics said it would buy California-based Integrated Device Technology for $6.7 billion. If the deal is approved, Renesas would pay $49 per share, a 29.5% premium over IDT’s stock price as of Aug. 30, when the Japanese company initially said it was considering the acquisition.
Nutanix Inc.—Up 3.4%: Nutanix, a cloud computing company, said it closed the largest deal in company history, worth more than $20 million, with an agency in the U.S. Defense Department.
—Up 4.4% : The retailer beat on profits and sales in the most recent quarter.
AmerisourceBergen Corp.—Unchanged: The drug distributor said finance chief Tim Guttman will retire in November and will be succeeded by Executive Vice President James Cleary.
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Write to Amrith Ramkumar at firstname.lastname@example.org