13 Min Read
Oct 25 (Reuters) - Some U.S. stocks on the move on Thursday:
** PROCTER & GAMBLE CO, $70.06, up 3 pct (0945 ET)
Procter & Gamble's profit excluding items rose more than expected and the world's largest household products maker maintained a key forecast for the year, which indicated it is making progress after coming under pressure from activist investor William Ackman.
** COLGATE-PALMOLIVE CO, $106.64, down 1.8 pct (0949 ET)
The toothpaste maker unveiled a cost-cutting plan that included cutting its workforce by the end of 2016 by about 6 percent.
** PSS WORLD MEDICAL, $28.64, up 32.6 pct (0945 ET)
McKesson Corp will buy PSS for $1.46 billion to bolster its medical surgical business.
** CHEVRON CORP, $110.45, up 0.7 pct (0945 ET)
The company announced further natural gas discovery offshore Australia.
** FORD MOTOR CO, $10.43, up 2.6 pct (0946 ET)
The carmaker said it will reduce production capacity in Europe by 18 percent, or 355,000 vehicles, and cut 6,200 jobs to bring its European operations back into profit.
** GENERAL MOTORS CO, $24.02, up 1.4 pct (1001 ET)
General Motors plans to have talks to buy a stake in its South Korean unit from the unit's second-biggest shareholder, Korea Development Bank(KDB), the head of GM Korea said.
** BUILD-A-BEAR WORKSHOP INC, $3.18, down 24.6 pct (1126 ET) The toy retailer posted a third-quarter loss while analysts were expecting a profit, as its make-your-own animal stuffed toys failed to resonate with shoppers.
** PROTO LABS INC, $36.00, up 20.3 pct (1131 ET)
The maker of custom prototype and low-volume plastic parts reported a third-quarter profit that beat market expectations, helped by a revenue jump buoyed by growth in Europe and Japan.
** CROCS INC, $13.29, down 18 pct (0955 ET)
The shoemaker said weakness in Europe hurt its third-quarter revenue, and forecast fourth-quarter results below analysts' expectations.
** ANGIE'S LIST INC, $11.60, up 27.6 pct (1129 ET) The company, which provides consumer reviews of local professionals and businesses, posted higher third-quarter earnings that beat analysts' expectations and forecast current-quarter revenue inline with expectations.
** SPIRIT AEROSYSTEMS HOLDINGS INC, $17.06, down 21 pct (1047 ET)
The aircraft parts supplier said it will record about $590 million in charges in the third quarter related to its participation in the Boeing 787 and Gulfstream wing programs. The company also said it will receive lower-than-expected insurance claims for a tornado that damaged its Wichita, Kansas facility in April.
** EVERCORE PARTNERS INC, $27.53, up 7.4 pct (1000 ET)
The company's adjusted profit fell in the third quarter as a difficult mergers and acquisitions market weighed on its revenue but the boutique investment bank said it remains cautiously optimistic about the economic environment.
** PULTEGROUP INC, $16.80, down 3.6 pct (1027 ET)
The second-largest U.S. homebuilder reported a higher-than-expected quarterly profit and a sharp rise in new orders as housing demand rebounded.
** INTERNATIONAL PAPER CO, $35.20, down 3.2 pct (1109 ET)
One of the world's largest producers of corrugated packaging and paper posted a lower-than-expected profit on Thursday due to weak sales of consumer packaging in North America and Asia.
** CABELA'S INC, $45.41, down 18 pct (1020 ET)
The outdoor-gear retailer reported weaker-than-expected results hurt by lower orders at its direct phone and Internet business and the company forecast full-year earnings below analysts' expectations.
** 3D SYSTEMS CORP, $42.14, up 15.7 pct (1056 ET)
The three-dimensional printer maker 3D Systems Corp reported better-than-expected quarterly results as printer sales more than doubled, prompting the company to raise its full-year forecast.
** TENNECO INC, $30.59, up 14.1 pct (1047 ET)
The company, which makes emission control and ride control systems, reported a better-than-expected quarterly profit on higher margins.
** SILICON MOTION TECHNOLOGY CORP, $12.63, down 13.8 pct (1132 ET)
The chipmaker forecast fourth quarter sales below analysts' expectations as some LTE transceiver sales planned for the quarter were sold in the third quarter.
** ZYNGA INC, $2.41, up 13.1 pct (1016 ET)
Zynga's quarterly revenue beat and its higher full-year earnings forecast show the embattled "FarmVille" creator may be on the path to recovery, analysts said, with at least one brokerage upgrading the company's stock.
** LOGMEIN INC, $22.65, up 13 pct (0956 ET)
The company which makes remote access software, reported third-quarter profit above analysts estimates, helped by a rise in subscription revenue and forecast marginally better-than-expected results for the current-quarter.
** THE NEW YORK TIMES CO, $9.39, down 11.8 pct (1106 ET)
The newspaper company reported worse-than-expected results as advertisers cut spending on both print and digital outlets.
** CARBO CERAMICS INC, $68.00, up 11.5 pct (1125 ET)
The supplier of ceramic proppant reported higher-than-expected profit for the third quarter on stonger sales volumes in major shale plays such as the Eagle Ford, Permian and Bakken
** ALLIANCE BERNSTEIN HOLDING LP, $17.37, up 11.5 pct (1048 ET)
The U.S. asset manager's shares were at their highest in more than a year, after it reported third-quarter profits that beat analysts' estimates as retail revenue shot up to the highest since 2000.
** ROYAL CARIBBEAN CRUISES LTD, $34.33, up 10.3 pct (1104 ET)
The world's second-largest cruise operator reported lower quarterly earnings but raised its full-year forecast, saying bookings have been stronger than expected and it has been able to charge more per cruise.
** GRAFTECH INTERNATIONAL LTD $10.55, up 9.7 pct (1041 ET)
The maker of graphite electrodes, reported better-than-expected quarterly results, helped partly by a 39 percent sales increase in its engineered solutions segment.
** CLIFFS NATURAL RESOURCES INC, $38.96, down 8.7 pct (0955 ET)
The largest North American producer of iron ore pellets used in steelmaking, posted an 85 percent drop in profit on lower iron ore prices and higher costs. nL3E8LO7X1
** FUSION-IO INC, $25.03, down 8.3 pct (0950 ET)
The company, which makes hard disks and storage software, forecast second-quarter results below Wall Street's expectations.
At least three brokerages cut their price targets on the stock. "The Dec-qtr guide was disappointing as it represented the first quarter in which Fusion-io did not raise expectations," RBC Capital Markets analyst Amit Daryanani said.
** UNDER ARMOUR INC, $52.40, down 7 percent (1042 ET)
The apparel and footwear maker reported third-quarter revenue below analysts' estimates and said it expects margins to be pressured by higher freight costs.
** AKAMAI TECHNOLOGIES INC, $38.52, up 6.7 pct (0954 ET)
The company's third-quarter results topped estimates and the Internet content delivery company said it expects increased online activity during the holiday season to boost its revenue.
** RYLAND GROUP INC, $34.94, up 6.6 pct (0953 ET)
The home builder reported better-than-expected third quarter results, helped by a jump in homebuilding revenue as new orders rose more than 55 percent during the period.
** SKECHERS USA INC, $17.67, up 6.4 pct (0959 ET)
The company, which designs and sells shoes of its namesake brand, reported its first profit in four quarters on Wednesday, as it benefited from tighter inventory control and gave an upbeat outlook on strong sales across all operating segments.
** HILL-ROM HOLDINGS INC, $29.33, up 6.2 pct (1133 ET)
The medical device maker's fourth-quarter adjusted profit beat analysts estimates helped by higher sales from its Surgical/Respiratory Care segment.
** MEAD JOHNSON NUTRITION CO, $65.45, down 6 pct (0956 ET)
The maker of Enfamil baby formula reported lower quarterly profit on Thursday and cut its full-year outlook, hurt by a slowdown in China.
** PACCAR INC, $41.71, up 5.4 pct (1029 ET)
The U.S. heavy truck maker reported lower quarterly profit and sales, reflecting lower industry truck orders in Europe and North America due to an uneven economy, but beat Wall Street estimates.
** F5 NETWORKS INC, $16.03, down 5.3 pct (0952 ET)
The network gear maker forecast a weak first-quarter as its large U.S. enterprise and telecoms customers reduced spending.
** SYMANTEC CORP, $16.028, up 5.3 pct (0952 ET)
Symantec reported results ahead of Wall Street expectations as its new chief executive took direct control its sales force as part of an effort to turn around the maker of security software.
At least three brokerages raised their price targets on the stock.
** LSI CORP, $6.60, up 5 pct (0950 ET)
The chipmaker forecast on Wednesday revenue below expectations as slow PC sales and a weak economy hurt demand for storage controllers.
** BEST BUY CO INC, $16.05, down 5 pct (0952 ET)
The retailer warned that earnings and same-store sales would fall for its third quarter, and said the head of its U.S. business will leave as the world's largest consumer electronics chain starts to restructure under a new CEO.
** TIMKEN CO, $38.77, down 5.9 pct (0957 ET)
The bearings maker posted a lower quarterly profit and cut its full-year sales forecast, citing weak demand and a fragile global economy.
** WYNN RESORTS LTD, $115.67, up 5.7 pct (0959 ET)
The Las Vegas-based company said on Wednesday it would issue an $8 per share dividend and was doubling its quarterly dividend to $1 a share in 2013.
** IMAX CORP , $22.78, up 4.9 pct (1102 ET)
The giant movie system maker's third-quarter profit rose 79 percent, driven mainly by strong box office revenue and continued network growth globally.
** SUPERIOR ENERGY SERVICES INC, $20.20, up 4.8 pct (1137 ET)
The oilfield services provider posted a higher-than-expected profit for the third quarter on higher sales at its subsea and well enhancement segment. Revenue at this segment, more than doubled to $984.8 million.
** WORLD ACCEPTANCE CORP, $64.64, down 4.6 pct (0953 ET)
The payday and online lender posted second-quarter profit that widely missed Wall Street estimates, as the company was hurt by higher costs and setting aside more money to cover bad loans.
** INFINERA CORP, $4.91, up 4.5 pct (0958 ET)
The company, which makes chips used in telecom networks, reported a smaller-than-expected third-quarter loss, helped by new customers and higher demand for its products.
** AMERIPRISE FINANCIAL INC, $59.58, up 4.3 pct (1048 ET)
The brokerage posted better-than-expected results in the third quarter as its recent success in recruiting financial advisers from bigger rivals, along with market appreciation, helped drive an 18 percent increase in the amount of assets the company's advisers manage. The company also increased its dividend by 29 percent to 45 cents per share and announced a share buyback program of $2 billion through 2014.
** SUPERVALU INC, $3.04, up 4.2 pct (0954 ET)
Buyout firm Cerberus Capital Management is preparing a takeover bid for the third-largest U.S. supermarket chain with an eye toward divesting the troubled company's assets to several parties only interested in pieces, according to people familiar with the matter.
** TELLABS INC, $3.04, down 4 pct (1127 ET)
The network equipment maker reported third-quarter revenue on Wednesday, which fell below expectations and forecast fourth-quarter revenue well below Street. It said it expects to take a restructuring charge of about $11 million in the fourth quarter to lower its cost of goods sold and reduce sales.
** DUNKIN' BRANDS GROUP INC, $31.96, up 3.7 pct (0957 ET)
Dunkin' Brands' profit quadrupled, topping Wall Street estimates, but revenue fell short of forecasts as sales cooled at established U.S. Dunkin' Donuts cafes.
** MYLAN INC, $24.72, up 3.25 pct (0957 ET)
Mylan's quarterly profit rose 35 percent, driven by a rise in sales of EpiPen, its anti-allergen delivery product, and its generic drugs in North America, and the drugmaker raised its adjusted earnings forecast for 2012. (Compiled by Ranjita Ganesan in Bangalore)