Stocks to Watch: Pfizer, Sirius, Bank of America (Update 1)
NEW YORK -- Dow component Pfizer
Analysts were expecting first-quarter earnings of 56 cents a share on revenue of $15.47 billion.
Pfizer's first-quarter earnings of $1.8 billion fell from year-earlier earnings of $2.2 billion.
The drugmaker is fresh off last week's agreement to sell its nutrition business to Nestlé for $11.85 billion.
Shares of Pfizer ticked down 15 cents, or 0.66%, in premarket trading Tuesday to $22.75.
Sirius XM Radio
Analysts anticipated first-quarter profit of 2 cents a share on revenue of $803.8 million.
Sirius shares inched up 3 cents, or 1.55%, in premarket trading Tuesday to $2.29.
Bank of America
These staff reductions are aimed at higher-paid staff "whose efforts helped Merrill Lynch account for the bulk of Bank of America's profit since the financial crisis," according to the newspaper.
A year earlier, the retailer posted a loss of $165 million, or $1.53 a share.
Shares of Sears rose 4.13% in premarket trading Tuesday to $56.
Delta Air Lines
Monroe Energy invested $150 million to acquire the refinery, including $30 million in state aid.
Delta shares increased 2.19% to $11.20 in premarket trading Tuesday.
Analysts expected the office supplies retailer to post earnings of 5 cents a share in the first quarter on revenue of $2.89 billion.
British lawmakers said in a report Tuesday that News Corp's
The report followed an investigation into the closure of Murdoch's News of the World, the tabloid that was shut down amid a phone-hacking scandal.
Oil giant BP
BP posted net profit of $5.9 billion, down from $7.3 billion a year earlier.
Replacement cost profit declined 12% to $4.9 billion.
Underlying replacement cost profit at BP's downstream business fell 58%.
Shares of BP dropped 2.6% in premarket trading Tuesday to $42.28.
-- Written by Joseph Woelfel
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