U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH

Among the companies with shares expected to actively trade in Wednesday's session are Bank of America Corp. (BAC), Textron Inc. (TXT) and Yahoo Inc. (YHOO).

Bank of America's first-quarter profit and revenue rose, but shares sank in premarket trading Wednesday as the banking giant continues to struggle in a lackluster economic environment with low interest rates. Although the bank was able to cut $1 billion in expenses, loan growth showed signs of sluggishness. Shares fell 2.7% to $11.95 premarket.

Textron's first-quarter earnings edged up 0.8%, but missed consensus estimates, as the aircraft, defense and industrial company's Bell helicopter sales declined and the company warned of weakness in the business jet market. Shares fell 8.7% to $26.81 premarket.

Yahoo posted a 36% jump in profit for its first quarter on the robust performance of China-based e-commerce giant Alibaba Group Holding Ltd., in which Yahoo holds a 24% stake. But quarterly revenue fell 7% from a year ago as Yahoo's core online-advertising business deteriorated while its biggest clients--advertising agencies--have become more vocal about their impatience with Chief Executive Marissa Mayer's management. Shares were down 2.2% to $23.27 premarket.

Dutch chip manufacturing equipment maker ASML Holding NV (ASML, ASML.AE) announced that current financial chief, Peter Wennink, will become chief executive in July, succeeding Eric Meurice who will become chairman until his contract ends in March 2014. The company posted a drop in sales and profit due to weak end-market in the semiconductor industry, but repeated it expects 2013 full year sales at a similar level as 2012. American depositary shares rose 6.8% to $72.38 premarket.

E2open Inc. (EOPN) swung to a loss for the fiscal fourth quarter as the cloud-based business software provider's increase in expenses outpaced slight revenue growth. Shares tumbled 27% to $13.60 premarket as the company offered guidance for the first quarter and full year below analyst expectations.

Cirrus Logic Inc. (CRUS), a supplier for Apple Inc. (AAPL), said it expects to record a significant inventory reserve charge in the fourth quarter and that its margins for the period will be weaker than expected. The chip maker's shares sank 8.2% to $19.65 premarket as the company also offered downbeat first-quarter revenue guidance.

InnerWorkings Inc. (INWK), which provides print procurement services, cut its full-year expectations, citing a significant reduction in scope of work at a large retail client and also projected first-quarter results below analyst expectations. Shares slumped 25% to $10.60 premarket.

Boston Private Financial Holdings Inc. (BPFH) has agreed to repurchase all of the shares of its preferred stock held by its largest shareholder, Carlyle Group LP (CG), a deal that the financial-services company said will benefit all shareholders. Shares rose 8.5% to $10.40 in light premarket trading as Boston Private also reported that its first-quarter earnings rose 39% and its assets under management grew.

Biopharmaceutical development company BioLine RX Ltd. (BLRX, BLRX.TV) announced positive Phase IIa results for BL-7040, an orally available drug for treating inflammatory bowel disease, meeting its primary efficacy endpoint. The company said the treatment was shown to be safe and well-tolerated. Shares rose 13% to $2.05 premarket.

 
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Amgen Inc. (AMGN) will pay $24.9 million to settle allegations that it paid kickbacks to long-term care pharmacy providers in exchange for switching Medicare and Medicaid patients to its anti-anemia drug Aranesp, the Justice Department said.

Atlas Pipeline Partners LP (APL) has agreed to acquire Teak Midstream LLC for $1 billion in cash, giving the company an entry point into the liquids-rich Eagle Ford Shale in south Texas.

Badger Meter Inc.'s (BMI) first-quarter profit fell 53% as bad weather hurt sales for the manufacturer of fluids measurement and control products. Results sharply missed analysts' estimates.

BioScrip Inc. (BIOS) said it is offering $75 million in shares, while affiliates of its largest shareholders are offering $25 million in shares. BioScrip, a pharmaceutical services provider, won't receive any proceeds from the shareholders' sale.

CSX Corp.'s (CSX) first-quarter earnings rose 2.2% as the railroad company reduced its expenses amid roughly flat revenue.

Intel Corp.'s (INTC) bottom line continued to suffer from the sagging personal computer market in the first quarter, but the numbers and the company's outlook for the current period were less gloomy than some analysts feared. The chip maker's profit dropped 25% on a 2.5% decline in revenue, reflecting declining sales of both desktop and laptop computers that use Intel microprocessors.

Interactive Brokers Group Inc.'s (IBKR) first-quarter earnings fell 40% as the electronic broker and market maker reported that currency fluctuations led to a segment loss in its market-making division and continued low volatility also weighed on performance. Adjusted earnings and revenue missed expectations.

Chinese solar company LDK Solar Co. (LDK) has agreed to sell its interest in an Anhui-province based subsidiary to an affiliate of the Hefei city government for around 120 million yuan, or $19.4 million. The company expects to realize a net loss of $80 million to $90 million for the transaction.

Computer-mouse maker Logitech International SA (LOGI, LOGN.EB) said its finance chief, Erik K. Bardman, is leaving the company to join TV set-top vendor Roku.

Navistar International Corp. (NAV) has named Jack Allen its chief operating officer, after his predecessor in the role was tapped as chief executive.

Performant Financial Corp. (PFMT) said certain stockholders will offer 6.5 million shares. Performant won't receive any proceeds from the offering. Performant Financial, which provides debt recovery and analytics services, recently had around 46.7 million shares outstanding.

Moody's Investors Service raised its outlook on Sears Holdings Corp. (SHLD), citing improvements to the retailer's bottom line.

United Rentals Inc.'s (URI) first-quarter earnings climbed 62% as the equipment-rental company's revenue continued to strengthen.

Write to Anna Prior at [e-mail]

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