Thursday, March 28, 2024
Homemarket insiderEarly movers: TPUB, XRX, LH, ROP, FDC, F, HAL, UAL, CP, BLL,...

Early movers: TPUB, XRX, LH, ROP, FDC, F, HAL, UAL, CP, BLL, DIS & more

Check out which companies are making headlines before the bell:

Tribune PublishingGannett offered to acquire Tribune for $12.25 per share in cash, a 63 percent premium over Friday's close.

Xerox — Xerox reported adjusted quarterly profit of 22 cents per share, 1 cent a share below estimates. The maker of copiers and printers saw revenue come in above estimates, but it cut its full-year earnings forecast due in part to expenses related to its planned breakup.

LabCorp — The medical laboratory operator beat estimates by 6 cents a share with adjusted quarterly profit of $2.02 per share, while revenue also came in above forecasts. LabCorp also raised its full-year earnings forecast on accelerating demand for its services.

Roper Technologies — The software and engineered products company earned an adjusted $1.50 per share for its latest quarter, 4 cents above estimates, while its revenue also beat forecasts. Roper overcame weakness among its energy industry customers with a strong performance in medical products.

First Data — The provider of commerce-related technology solutions beat estimates by a penny with adjusted quarterly profit of 24 cents per share, with revenue also above Street forecasts. The company said its results were helped by what it calls "rigorous" expense management, among other factors.

Halliburton — The oilfield services giant had originally been scheduled to release quarterly results this morning, but has delayed that release until next month as it works on clearing regulatory hurdles for its planned merger with rival Baker Hughes. Halliburton also said it cut 6,000 jobs during the first quarter.

Ford Motor — Ford is not interested in a merger with Fiat Chrysler, according to CEO Mark Fields, despite comments by Fiat Chrysler CEO Sergio Marchionne that Ford could be a potential merger candidate.

United Continental — United Chief Executive Officer Oscar Munoz purchased nearly 20,000 shares of the airline's stock for about $1 million, according to an SEC filing.

Canadian Pacific — Bill Ackman's Pershing Square sold 4.1 million shares in the railroad operator, cutting the firm's stake to 6.4 percent.

Ball Corp — Ball and planned merger partner Rexam agreed to sell assets worth $3.4 billion to Luxembourg-based Ardagh Group. The two beverage can makers are selling assets to allay antitrust concerns over their planned deal.

Walt Disney — Disney's "The Jungle Book" topped the weekend box office for the second straight weekend, taking in $60.8 million in North American ticket sales.

Novartis — Novartis is seeking to sell its stake in rival Swiss drugmaker Roche and has hired banks to facilitate that process, according to newspaper reports. The Novartis stake in Roche is currently worth about $13.8 billion.

Credit Suisse — The bank's shareholders should reject proposed pay packages for the bank's management and board members, according to proxy advisory service Glass Lewis.

Toyota — The automaker will sell plug-in hybrid cars in China starting in 2018, according to its head of China operations.

Sprint — Former Sprint CEO William Esrey and another former executive have sued the US government, accusing it of concealing its investigation into Ernst & Young's sale of tax shelters to those executives.

Questions? Comments? Email us at marketinsider@cnbc.com

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