(Premarket story updated with share price changes and earnings news from Medtronic and Campbell Soup.)
NEW YORK ( TheStreet) -- Medtronic (MDT) said second-quarter earnings fell 35% to $566 million, or 52 cents a share. On a non-GAAP basis, earnings rose 4% to $887 million, or 82 cents a share.
Analysts, on average, expected earnings of 81 cents a share.
Medtronic ended Monday's trading session up 0.3% at $34.70.
Campbell Soup (CPB) reported first-quarter earnings fell about 8% to $279 million, or 82 cents a share, from $304 million, or 87 cents a share, a year ago as U.S. soup sales fell. Shares of Campbell ended Monday 0.5% higher at $34.83.
Hewlett-Packard (HPQ) shares rose 2.2% to $44.19 in premarket trading Tuesday as the tech giant beat on both the fourth-quarter top and bottom lines and hiked its fiscal-year outlook.
Specialty retailer J. Crew (JCG) is reportedly close to being bought out by private-equity firms TPG Capital and Leonard Green & Partners for about $43.50 a share, or about $2.8 billion. Shares of J. Crew were surging by 22.2% to $46 in premarket trading.
Johnson & Johnson's (JNJ) McNeil Consumer Healthcare division is once again planning recalls, this time of Children's Benadryl allergy tablets and junior-strength Motrin caplets because of manufacturing problems. The division said the drugs were being recalled due to "insufficiencies in the development of the manufacturing process." Shares of J&J were trading down 0.6% to $63.25 in premarket trading.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV