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T-Mobile US Inc. shares climbed 5.6% in premarket trade Thursday, after the company blew past estimates for its second quarter. The company reported net income of $361 million, or 42 cents a share, in the quarter, down from $391 million, or 48 cents a share, in the year-earlier period. Revenue climbed 14% to $8.2 billion. The FactSet consensus was for EPS of just 19 cents and revenue of $8.0 billion. The company had a loss of $63 million in the first quarter, but now expects to be profitable for all remaining quarters of 2015. The second-quarter results reflect low churn and strong growth in customer metrics, Chief Executive John Legere said in a statement. T-Mobile added 2.1 million customers in the quarter, bringing the total to 58.9 million. Branded postpaid net customers additions came to 1 million, comprising 760,000 phone net customer additions and 248,000 mobile broadband net customer additions. The company raised its full-year subscriber outlook to 3.4 million to 3.9 million branded postpaid net additions and said it is sticking with its goal of adjusted EBITDA of $6.8 billion to $7.2 billion. Shares have gained 37% in the year so far, while the S&P 500 is up 2.4%.

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Procter & Gamble Co. reported on Thursday fiscal fourth-quarter net earnings of $521 million, or 18 cents a share, down from $2.58 billion, or 89 cents a share, in the same period a year ago. Excluding non-recurring items, such as a charge related to the Venezuelan operations, the consumer products giant said core earnings per share came in at $1, beat the FactSet consensus of 95 cents. Sales fell 9% to $17.8 billion, just shy of the FactSet consensus of $17.9 billion, with unfavorable currency movements reducing sales by nine percentage points. Beauty, hair and personal care sales fell 1%, as improved pricing was offset by a decline in volume, while grooming sales rose 1% and health care sales rose 4%. For fiscal 2016, P&G expects core EPS to rise in the mid-single digit percentage range from 2015’s $3.77. The FactSet consensus of $4.14 implies a 9.8% increase. The stock, which slipped 0.2% in premarket trade, has shed 11% year to date, while the Dow Jones Industrial Average has lost 0.4%.

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Colgate-Palmolive Co. said Thursday it had net income of $574 million, or 63 cents a share, in the second quarter, down from $622 million, or 67 cents a share, in the year-earlier period. Exclcuding special charges, per-share earnings came to 70 cents, matching the FactSet consensus. Sales edged down 6.5% to $4.07 billion, just below the FactSet consensus of $4.08 billion. Chief Executive Ian Cook said worldwide organic sales rose 5.5%, led by emerging markets, while the company expanded is share of the global toothpaste market to 45%, up 0.5 points from a year ago. “As we look ahead, macroeconomic conditions and foreign exchange volatility remain challenging,” he said in a statement. “Despite that, we anticipate another year of solid organic sales growth driven by a full new product pipeline across all categories and geographies.” The company is expecting full-year EPS to decline in the low single digits on a dollar basis. Shares were slightly lower in premarket trade and are down 0.4% in the year so far, while the S&P 500 has gained 2.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Time Warner Cable Inc. said on Thursday second-quarter profit dropped to $463 million, or $1.62 a share, from $499 million, or $1.76 a share, in the same period a year ago. Adjusted earnings dropped 19% to $1.54 a share, missing forecasts of a $1.80-a-share profit. The cable-TV provider said the slide in earnings was mainly because of a drop in operating income and an increase in tax provision, as well as merger-related costs. Revenue for the period rose 3.5% to $5.93 billion, broadly in line with estimates of $5.94 billion.

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Pet-products retailer Petco Animal Supplies is looking into launching an initial public offering, according to media reports. The San Diego-based company was interviewing banks and a listing could raise roughly $800 million, Bloomberg reported. Talks with banks have taken place in recent weeks, Reuters reported Wednesday, adding that a listing would be Petco’s third since 1994. TPG Capital and Leonard Green & Partners took the company private in a 2006, $1.8 billion leveraged buyout.

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The remanants of a damaged suitcase have been found near plane debris that’s being examined to see if it’s linked to missing Malaysia Airlines flight MH370, according to multiple reports Thursday. The debris was discovered on the French island of Réunion near Madagascar. A journalist for a local paper, Journal de L’île de la Réunion, reported what appears to be a suitcase has been found on the Indian Ocean island, less than a day after islanders discovered a two-meter long piece of debris, according to a Sydney Morning Herald article.

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Chinese Internet search provider Baidu Inc. said Thursday that its board of of directors has authorized a share buyback program worth $1 billion, which will take place over the next 12 months. The news comes on the heels of disappointing second-quarter earnings reported earlier in the week that took a toll on shares. The company’s revenue forecast for the third quarter also fell short of expectations. Shares of Baidu have sank nearly 18% this week and close to 15% for the month of July.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News