This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sirius, Qwest: Premarket Trading

NEW YORK ( TheStreet) -- Satellite radio company Sirius XM (SIRI) reported a loss of $81.4 million during the fourth quarter as operating service expenses rose.

Shares of Sirius fell 6.6% to $1.71 during premarket trading Tuesday.

Risk management company Marsh & McLennan (MMC) said its fourth-quarter net income skyrocketed to $203 million, or 37 cents a share, from net income of $23 million, or 4 cents a share, a year ago, while revenue grew about 9% to $2.80 billion from $2.56 billion.

The Wall Street consensus called for earnings of 39 cents a share on revenue of $2.74 billion.

Premarket quotes weren't reported for the stock.

Shares of the company rose 0.2% to $28.87 at the market close Monday.

Data communications company Qwest (Q) reported a fourth-quarter net loss of $161 million, or 9 cents a share, compared with net income of $108 million, or 6 cents a share, the same time last year.

Excluding special items, the company had earnings of 12 cents a share. Operating revenue fell about 3% to $2.90 billion from $2.99 billion the year before.

Analysts, on average, were calling for earnings of 10 cents a share on revenue of $2.90 billion.

Shares of the company were down 0.1% to $7.41 in premarket trading Tuesday.

The Deutsche Boerse and NYSE Euronext (NYX) are expected to announce their merger Tuesday.

The merger would create the world's largest exchange operator.

Once Deutsche Boerse completes its takeover agreement with NYSE Euronext, the parent of the New York Stock Exchange, the 17-member board of the combined firm will mostly be drawn from the Germany company, The Wall Street Journal reports.

Shares of NYSE Euronext popped 1.4% to $40 in premarket trading.

Transportation services company FedEx (FDX) has cut back its current quarter guidance due to severe weather and rising fuel prices.

FedEx shares were up 0.5% to $94.50 in premarket trading, after dipping in the red earlier.

Tech giant Dell (DELL) reports after Tuesday's closing bell.

The average estimate of analysts polled by Thomson Reuters is for earnings of 37 cents a share in its fiscal fourth quarter ended in January on revenue of $15.71 billion. Dell, which has topped the consensus profit view for three straight quarters but seen its stock remain roughly flat for the past year, had been enjoying a refresh cycle following the release of Windows 7 in late 2009, but without that, the company has tough comps.

Shares of the company settled at $14.09, up 0.9% at the closing bell Monday. Premarket quotes weren't available for the stock.

>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to:


Copyright 2010 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs