MARKET PULSE-AT&T, Cree, Gilead, Supervalu, VMware, Xoom

Wed Apr 23, 2014 10:27am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter,

April 23 (Reuters) - U.S. stocks dipped at the open on Wednesday despite upbeat corporate earnings as buyers appeared scarce following the longest streak of daily gains on the S&P 500 so far this year. The Dow Jones industrial average was down 0.07 percent at 16,503, the S&P 500 was down 0.11 percent at 1,877.56 and the Nasdaq Composite was down 0.55 percent at 4,138.404.

** Hercules Offshore Inc, $4.39, -1.35 pct

The offshore drilling company posted a better-than expected adjusted profit for the first quarter, helped by higher dayrates for rigs in its domestic segment. Revenue rose 38 percent to $256.7 million for the quarter ended March 31.

** SUPERVALU INC, $7.8, +15.38 pct

The U.S. grocery retailer posted a profit compared with a year-ago loss and reported better-than-expected fourth-quarter sales, helped by cost cuts and positive identical-store sales at its Save-A-Lot discount stores and retail food formats.

The company's adjusted earnings from continuing operations of 18 cents per share beat the average analyst estimate of 15 cents per share, according to Thomson Reuters I/B/E/S.   Continued...