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Stock Futures Rise Ahead of Bernanke, Apple Meeting


In corporate news, retailer J.C. Penney (JCP) is expected by analysts Wednesday to post a quarterly loss of 18 cents a share on revenue of $4.08 billion after the closing bell. Shares were up 0.57%.

Groupon(GRPN) , the daily deals site, is forecast to report fourth-quarter profit of 3 cents a share on sales of $638.4 million after the markets close. Shares were rising more than 1%. , the Travel Web site operator, said Tuesday that fourth-quarter net income rose 28%, as bookings on its Web sites jumped 33% to about $6.6 billion in the quarter. Shares were popping more than 4%.

First Solar (FSLR) , the solar panel manufacturer, swung to a profit in the fourth quarter but issued first-quarter net income and sales guidance below analysts' forecasts. Shares were plunging more than 14.5%.

Accretive Health (AH) , a provider of services to the health care industry, announced that it will postpone the release of its financial results for the fourth quarter and full-year 2012, as well as its previously announced investor conference call scheduled for Wednesday, because it is evaluating the timing of revenue recognition for its revenue cycle management agreements. Shares were plummeting nearly 32%.

Edison International (EIX) booked better-than-expected quarterly earnings.

Target (TGT) shares were falling more than 2.5% after the company reported that its fourth-quarter gross margin rate declined to 27.8% in 2012 from 28.4% in 2011.

DreamWorks Animation (DWA) shares were falling more than 2.5% after the company reported a quarterly loss of $82.7 million, or 98 cents a share, including the impact of a write-down of film costs for "Rise of the Guardians" and charges related to the decision to return "Me & My Shadow" back to development.

-- Written by Andrea Tse in New York

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