Companies whose shares are expected to trade actively in today’s session are Barclays PLC (LON:BARC) (NYSE:BCS), Rexnord Corp (NYSE:RXN), Masco Corporation (NYSE:MAS), Dun & Bradstreet Corp (NYSE:DNB), Gran Tierra Energy Inc. (NYSEAMEX:GTE) and Michael Kors Holdings Ltd (NYSE:KORS).
Barclays PLC (LON:BARC) (NYSE:BCS): The British bank said Tuesday that it will cut about 3,700 jobs this year. The bank will also reduce $2.7 billion in annual costs by the end of 2015. Barclays PLC (LON:BARC) (NYSE:BCS) shares had plummeted after a series of scandals, including Libor rate manipulation for which it had to pay a hefty fine of $450 million. American shares of the company rose 7.28 percent to $20.20 in early market trading.
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Rexnord Corp (NYSE:RXN): The industrial parts maker is reviewing various alternatives, including a sale of the company. Rexnord also announced a 64 percent rise in its third quarter earnings despite lower revenues. Shares gained 13.98 percent to $22.96 in early trading activity.
Masco Corporation (NYSE:MAS): The home improvement and building products manufacturer said its fourth quarter losses have narrowed due to strong sales across all the segments. Masco also reported margin growth in its North American market, beating Wall Street estimates. Shares rose 9.39 to $19.46 in early trading.
Dun & Bradstreet Corp (NYSE:DNB): The business data company posted 2.6 percent increase in its fourth quarter profits. The company reported fewer charges on its strategic technology program, and lower operating costs. However, earnings fell short of Wall Street estimates. Shares dipped 7.36 percent to $79 in early trading.
Gran Tierra Energy Inc. (NYSEAMEX:GTE): The independent energy company said that the drilling results at Bretana Norte exploration well in Peru have been positive. The company is also about to complete the Moqueta-8 well in Colombia as a production well. Shares surged 6.03 percent to $5.80 in early trading.
Michael Kors Holdings Ltd (NYSE:KORS): Third quarter profits of the high-end retailer surged 220 percent as it added new stores and posted better than expected same-store sales. Revenues for the quarter increased 70.4 percent. Shares surged 11.79 percent to $63.78 in early session.