) -- Oil giant

Exxon Mobil

(XOM) - Get Report

said profit rose 2% in the fourth quarter to $9.4 billion as crude oil prices climbed.

The Irving, Texas-based company said earnings rose 12 cents from a year ago to $1.97 a share, beating the average expectation of $1.95 a share, according to analysts.

The company also said it completed a $5 billion share buyback during the quarter.

Exxon shares were increasing 0.6% to $86 in premarket trading.


(AAPL) - Get Report

named John Browett, CEO of European electronics retailer


, as senior vice president of retail.

Browett will join Apple in April and will be in charge of the company's retail strategy and expansion. He replaces Ron Johnson, who left Apple in November to run

J.C. Penney

(JCP) - Get Report


"We are thrilled to have him join our team and bring his incredible retail experience to Apple," said Apple CEO Tim Cook in a statement.

Apple shares were rising 0.6% to $455.50 in premarket trading.


(MAT) - Get Report

, the world's biggest toymaker, said Tuesday that revenue rose 1.4% in the fourth quarter to $2.15 billion.

The maker of Barbie reported earnings of $1.07 a share to exceed analysts' estimates of $1 a share as worldwide sales grew 7% from the prior year.

The toymaker also said it will increase its dividend by 35% to 31 cents a share.

Mattel shares were climbing 1.2% to $29.87.

Eli Lilly

(LLY) - Get Report

reported that fourth-quarter revenue sank after the drugmaker lost its patent on the schizophrenia drug Zyprexa.

The Indianapolis-based company reported profit slumped 27% to $858.2 million. Earnings slipped to 87 cents a share, beating the average analyst estimate of 81 cents, according to Thomson Reuters.

The shares were rising 1.2% to $39.70 in premarket trades.



(PFE) - Get Report

also reported revenue hurt by the loss of a patent Tuesday morning.

Profit slipped to $1.44 billion from $2.89 billion a year earlier after the New York-based company lost patent protection on its popular cholesterol drug Lipitor.

The company reported earnings of 50 cents a share, beating the Wall Street estimate by 3 cents.

Pfizer shares were up 1% at $21.80 in early trading.



, the electronics retailer, gave a

below-consensus profit outlook

for its fiscal fourth quarter because of margin weakness stemming from its business with


(S) - Get Report


RadioShack said it now expects earnings of 11 cents to 13 cents a share for quarter on sales of $1.39 billion, well below the current average estimate of analysts polled by Thomson Reuters for a profit of 37 cents a share on sales of $1.35 billion.

Shares of RadioShack were tumbling 20% to $8.22 in premarket trading.


(UPS) - Get Report

reported record fourth-quarter results Tuesday as holiday shipping helped boost sales.

The transportation company said revenue grew 6% to $14.2 billion in the quarter while earnings rose to $1.28 a share to exceed the average analyst estimate of $1.26 a share.

UPS shares were gaining 0.2% to $76.31.


(AMZN) - Get Report

, the Internet retailer, is expected by analysts to earn 19 cents a share on revenue of $18.2 billion in the

fourth quarter

. It reports earnings after the closing bell Tuesday.

Amazon has shifted its attention to cloud services, one of the hottest trends in technology, and is battling head-to-head against


iPad with its Kindle Fire tablet device.

Shares were advancing 1.1% to $194.35.P/>

Arm Holdings


said Tuesday profit rose 45% in the fourth quarter as strong


iPhone and iPad sales-- devices which use the company's microchip designs -- boosted earnings.

The company's shares were surging 4.2% to $29.56 Tuesday morning.

-- Written by Joseph Woelfel and Kaitlyn Kiernan

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

Joseph Woelfel


Kaitlyn Kiernan

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