Qualcomm ( QCOM) announced a 16% increase in its quarterly dividend to 25 cents a share. The board also announced a plan to repurchase $4 billion in stock. Shares were up 0.5% to $62.40 in premarket trading.
Supermarket chain Safeway ( SWY) said it sees earnings of $1.90 to $2.10 a share for 2012. The forecast beat analysts' estimates of $1.88 for the full year. In 2011, the company earned $1.78 a share. Sales, excluding gas, are expected to grow by 1% to 2% as the company expects to benefit from remodeling at many of its stores. Shares were up 4.1% to $23.
Drug wholesaler AmerisourceBergen ( ABC) said it would buy transportation and logistics service provider World Courier Group in a deal worth $520 million in cash. The deal is expected to close in the third quarter. Shares of AmerisourceBergen were down 0.1% to $36.55.
Chesapeake Energy ( CHK), the second-largest natural-gas producer in the U.S., announced a $250 million partnership with private-equity firm KKR to invest in U.S. oil and gas fields.. The Wall Street Journal reported the news earlier Tuesday. Shares were down 0.9% to $24.23.
VeriFone ( PAY), a maker of credit card terminals, posted adjusted earnings in its fiscal first quarter of 58 cents a share. Revenue rose 48% to $419.5 million. Analysts were expecting VeriFone to earn 52 cents a share in the first quarter on revenue of $417.5 million. Shares were up 0.6% to $46.55.
Nutrisystem ( NTRI), the weight loss and management products company, reported a wider-than-anticipated loss in its latest quarter and gave a disappointing forecast for 2012. The company posted a loss of $1.2 million, or 4 cents a share, for the three months ended Dec. 31 on revenue of $66.9 million. Analysts were expecting a loss of 2 cents a share on revenue of $64.4 million. For the first quarter ending in March, Nutrisystem sees a loss of 5 cents to 10 cents a share, below the consensus view for a profit of 10 cents a share. For the full year, the company expects earnings of 45 cents to 55 cents a share; analysts expect profit of 92 cents. Shares were plunging 11.1% to $11.88.
-- Written by Chao Deng and Joseph Woelfel in New York. >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.