Alcatel-Lucent (ALU) announced CEO Ben Verwaayen would be departing from his head position as of the French-U.S. telecommunications gear maker. Shares were rising more than 4% in premarket trades.
Media giant News Corp (NWSA) reported earnings for its fiscal second quarter of 44 cents a share on revenue of $9.43 billion. Wall Street expected a profit of 42 cents a share on revenue of $9.28 billion. Shares closed higher by 1.5% on Tuesday, and slumped 4.3% in after hours.
Sprint (S) shares were down 0.87% in premarket trades after the company reported a loss of 44 cents a share on revenue of $9.01 billion. Analysts were expecting 46 cents a share on $8.92 billion in revenue.
-- Written by Joe Deaux in New York.>Contact by Email. Follow @JoeDeaux