21st Century Fox (FOXA) reported in line third quarter adjusted earnings per share, while its revenues beat estimates. Alibaba (BABA) reported higher profits and revenues for its first quarter.
Among insurers, Allstate (ALL) reported better than expected first quarter operating earnings per share but its revenues fell marginally. Hanover Insurance (THG) also revealed above-consensus operating earnings per share for the first quarter, although revenues fell 5.4 percent.
Meanwhile, Lincoln National’s (LNC) first quarter operating earnings missed estimates. MetLife (MET) and Prudential (PRU) also reported below-consensus operating earnings per share.
Jack in the Box (JACK -5.24%) jumped 11% in pre-market trading after it reported Q2 adjusted operating EPS of 85 cents, higher than consensus of 70 cents. Berry Plastics Group (BERY +2.32%) was rated a new 'Buy' at Goldman Sachs.
Weight Watchers International (WTW -0.88%) climbed over 1% in after-hours trading after Oprah Winfrey was elected to a 2-year term on the company's board.
Janus Capital Group (JNS -2.05%) was downgraded to 'Market Perform' from 'Outpeform' at Wells Fargo Securities. St. Jude Medical (STJ +0.23%) was downgraded to 'Neutral' from 'Buy' at UBS.
Twitter (TWTR) is bottoming out right now near $14. Expect some big swings over the next three months followed by a rally into earnings. TWTR is an excellent trading stock.
Yahoo! (YHOO -1.49%) climbed nearly 2% in pre-market trading after people familiar with the matter said that Warren Buffett is backing a group bidding for the company's internet assets.
Globalstar (GSAT +35.36%) jumped 16% in pre-market trading after the chairman of the FCC late Friday asked the agency to vote on Globalstar's proposal to offer mobile service on airwaves now reserved for satellite use.