MARKET PULSE-NII Holdings, Chesapeake Energy, Splunk, Compugen

Fri Feb 28, 2014 10:01am EST
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U.S. stocks opened little changed on Friday, with the S&P 500 coming off a record close and after the U.S. government slashed its estimate for fourth-quarter economic growth. The Dow Jones industrial average was up 0.34 percent at 16,328.45, the S&P 500 was up 0.34 percent at 1,860.59 and the Nasdaq Composite was up 0.32 percent at 4,332.918.

** ENDOLOGIX INC, $13.65, -23.62 pct

The medical device maker forecast full-year revenue below the average analyst estimate due to slow growth in device sales in the United States.

** NII HOLDINGS INC, $1.315, -48.93 pct

The telecom service provider reported a 22 percent drop in quarterly operating revenue due to mounting subscriber losses.


The loss-making television broadcaster said on Friday that it had reached an agreement with its main shareholder, Time Warner, to secure the company's financing needs. "We are seeking to raise up to approximately $545.0 million in new indebtedness through these transactions to enable us to refinance the 2016 Fixed Rate Notes and for general corporate purposes," the company said in a regulatory filing.   Continued...