Jabil, ConAgra: Premarket Trading
(Premarket story updated with Jabil Circuit news and share price information.)
NEW YORK (TheStreet) -- Jabil Circuit (JBL) - Get Reportbeat 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) - Get Report
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.
>> TD Bank to Buy Chrysler Financial for $6.3B
Darden Restaurants
(DRI) - Get Report
, 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) - Get Report
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.
>> How to Trade This Week's Earnings
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.
>> DSM Offers to Buy Martek for $1.09B
AstraZeneca
(AZN) - Get Report
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.
>>AstraZeneca Halts Drug, Takes $445M Charge
On Monday,
Adobe Systems
(ADBE) - Get Report
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.
>>Adobe, LaserCard: After-Hours Trading
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.
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-- Written by Theresa McCabe in Boston.
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RELATED STORIES:
>> How to Trade This Week's Earnings
>> DSM Offers to Buy Martek for $1.09B
>>AstraZeneca Halts Drug, Takes $445M Charge
>>Adobe, LaserCard: After-Hours Trading
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