Standard & Poor’s 500 Index futures expiring in June fell 0.2 percent to 1,398.
Cascade Corp. (CASC) : The materials-handling equipment maker reported fourth-quarter earnings per share of $1.16, exceeding the average analyst estimate of $1.09.
Durect Corp. (DRRX) : The maker of drug-delivery systems said Hospira Inc. (HSP) is returning development and commercialization rights to the pain-relief product Posidur in the U.S. and Canada.
Research In Motion Ltd. (RIM) fell 3.4 percent to $13.27. The BlackBerry maker reported revenue and profit that fell short of analysts’ estimates and said it will discontinue giving financial forecasts as demand for BlackBerry smartphones wanes.
Tibco Software Inc. (TIBX) : The business software developer reported first-quarter revenue of $225.7 million, beating the average analyst estimate of $222.3 million. Tibco also said that it will initiate a $300 million share repurchase program.
Wisconsin Energy Corp. (WEC) : The state’s largest utility owner provided first-quarter earnings per share guidance of no more than 73 cents, falling short of the average analyst estimate of 77 cents, according to data compiled by Bloomberg.
To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net
http://www.bloomberg.com/news/2012-03-29/cascade-rim-wisconsin-energy-u-s-equity-preview.html
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