BUZZ-U.S. STOCKS ON THE MOVE-Skechers, Qorvo, Facebook, Pegasystems
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks fell in late morning trading on Thursday as earnings from Facebook and Procter & Gamble disappointed investors and data showed that the economy expanded at a slower-than-expected pace in the second quarter. The Dow Jones industrial average was down 0.17 percent at 17,721.26, the S&P 500 was down 0.18 percent at 2,104.82 and the Nasdaq Composite was down 0.06 percent at 5,108.492.
** SKECHERS USA INC, $146.1, +13.75 pct
The sports shoe maker and retailer reported better-than-expected 36 percent rise in revenue for the second quarter, helped by pent-up demand following the end of labor disruptions at U.S. West Coast ports and increased shipments of back-to-school items.
** QORVO INC, $58.795, -16.57 pct
The radio frequency chip maker on Wednesday forecast revenue of $690 million-$710 million for the second quarter, way below average analysts' estimate of $743.6 million.
** WHOLE FOODS MARKET INC, $36.3999, -10.83 pct Continued...