U.S. futures indicated a higher opening Tuesday as crude oil prices continue to rise. Benchmark West Texas Intermediate crude oil and Brent crude oil were up 0.44% and 0.31%, respectively, and pushing the $43 per barrel mark.
European markets were also gaining with a few hours left until the markets close. But the Asian markets finished mixed, with the Shanghai Composite and Nikkei both closing in the green, while the Hang Seng closed down 0.13%.
Shares of Valeant Pharmaceuticals (VRX) jumped more than 9% in early trading after maintaining its full-year forecast. The drugmaker reported a loss of $302.3 million in its second quarter. Earnings of $1.40 on revenue of $2.42 billion for the period fell short of analysts' forecasts of $1.48 per share on revenue of $2.46 billion. Valeant reiterated its full-year earnings forecast range of $6.60 to $7 per share with revenue in the range of $9.9 billion to $10.1 billion.
Meanwhile, LendingClub (LC) shares were down approximately 2% before the bell following a wider-than-expected loss and leadership changes. The online lender posted a loss of $81.4 million in its second quarter. Adjusted losses were $0.09 per share; analysts had been predicting a loss of $0.01 per share. LendingClub reported revenue of $102.4 million, which fell short of Wall Street's forecast of $108 million. CFO Carrie Dolan is also leaving the company to "pursue a new opportunity." LendingClub has appointed Bradley Coleman to Principal Accounting Officer and Interim CFO.
Monster WorldWide (MWW) shares soared more than 22% in premarket trading on news that Randstad bid $429 million for its U.S. rival. The world's second-largest staffing company is bidding $3.40 in cash per Monster share, a 23% premium to the stock's closing price on Monday.
Finally, shares of Coach (COH) were dropping despite beating fourth-quarter profit forecasts. The luxury handbag maker posted earnings of $0.45 per share, a 47% increase year over year. That also beat analysts' estimate of $0.41 per share. Revenue of $1.15 billion was line with expectations. But Coach said it would close 25% of its North American department store locations.