Garmin, Time Warner and PharMerica Corporation - PRE-MARKET
Last updated: 13:39 02 Aug 2017 BST, First published: 08:39 02 Aug 2017 BST
Switzerland-based tech firm and GPS provider Garmin Ltd (NYSE:GRMN) added 7.22% to $53.60 in pre-market deals as it posted quarterly results that beat Wall Street expectations.
The group said it had net income of 91 cents, while adjusted earnings, were 88 cents per share.
Revenue was $816.9mln in the period, which also topped Street forecasts.
PharMerica Corporation (NASDAQ:PMC) leapt up over 15% to $28.90 in pre-market deals as it agreed to be acquired by buyout group KKR for $29.25 per share in cash - a 16.8% premium to the company's Tuesday closing price.
Drugstore operator Walgreens Boots Alliance Inc will be a minority investor in the newly formed company and the deal is expected to close early next year.
The firm, which provides hospital and pharmaceutical services, also posted second-quarter profit and revenue, which were in line with expectations.
Elsewhere, Time Warner Inc (NYSE:TWX) was in focus pre-market, as the film and media giant saw shares gain 0.86% in pre-market deals as its second quarter came in better than expected.
Earnings in the latest quarter rose to $1.1bn, or $1.34 per share, from $1bn, or $1.20 per share in the year-earlier period.
Meanwhile, as earnings season continues, US futures are pointing to a higher open on Wall Street.
'Wonder Woman' helps Time Warner smash profit estimates https://t.co/hhVbQlcPg8 pic.twitter.com/uwpCJ0TRVL
— Reuters Top News (@Reuters) 2 August 2017
