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Jabil, ConAgra: Premarket Trading

(Premarket story updated with Jabil Circuit news and share price information.)
NEW YORK (TheStreet) -- Jabil Circuit (JBL) beat analysts' first-quarter earnings expectations.

The electronics contract manufacturer posted earnings of $132.1 million, or 61 cents a share, for the three months ended Nov. 30, up from of $68.3 million, or 32 cents a share, a year earlier. Earnings came in ahead of the average estimate of analysts polled by Thomson Reuters for earnings of 54 cents a share.

Shares of the company rose 4.59%, or 81 cents, to $8.47 in premarket trading Tuesday.






ConAgra Foods (CAG) reported fiscal second-quarter earnings in line with analyst estimates of 45 cents a share, down from 52 cents a share a year earlier.

Shares of the packaged food company fell 0.49%, or 11 cents, to $22.33 in premarket trading.






TD Bank said Tuesday it agreed to buy Chrysler Financial from private-equity firm Cerberus Capital for $6.3 billion in cash.

Shares of TD were down 0.26%, or 18 cents, to $69.33 in premarket trading.






Darden Restaurants (DRI), the company that operates Red Lobster, Olive Garden and LongHorn Steakhouse, posted an in-line profit from continuing operations of $75.8 million, or 54 cents a share, in its latest quarter.

Shares fell in premarket trading to $49, down 2.84%, or $1.43.






Nike (NKE) is set to release its second-quarter earnings after the market closes Tuesday. Analysts polled by Thomson Reuters expect earnings to come in at 88 cents a share, up from 76 cents a share in the same year-ago period.

Nike shares rose 0.37%, or 33 cents, to $90.60 in premarket trading.






Dutch chemicals company DSM offered to acquire Martek Biosciences (MATK) for $31.50 a share, or $1.09 billion in cash. The board of Martek, a biotechnology company, has recommended that shareholders approve the offer.

Shares of Martek rose 33.99%, or $7.94, to $31.30 in premarket trading Tuesday.






AstraZeneca (AZN) said Tuesday it will record a fourth-quarter impairment charge of $445 million as it discontinued development of motavizumab for preventing serious respiratory syncytial virus disease.

Shares of the company fell 0.39%, or 18 cents, to $45.77 in premarket trading.






On Monday, Adobe Systems (ADBE) topped Wall Street expectations by reporting adjusted fiscal fourth-quarter earnings of $285.7 million, or 56 cents a share.

Shares of the graphics design and publishing software maker rose 6.79%, or $1.98, to $31.16 in premarket trading Tuesday.






LaserCard (LCRD) agreed to an $80 million buyout by Sweden's Assa Abloy. LaserCard, which makes secure ID cards, expects the acquisition to close during its fiscal fourth quarter.

Shares of LaserCard were up 39.33%, or $1.75, to $6.20 in premarket trading Tuesday.

More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Theresa McCabe in Boston.



>To contact the writer of this article, click here: Theresa McCabe.

>To follow the writer on Twitter, go to @TheresaMcCabe.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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