9 Min Read
(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) Wall Street was little changed on the last trading day of what could be the best month for stocks in four years as investors assessed consumer spending data and results from energy majors. The Dow Jones industrial average was up 0.15 percent at 17,781.66, the S&P 500 was up 0.13 percent at 2,092.07 and the Nasdaq Composite was up 0.12 percent at 5,080.241.
** SOLARCITY CORP, $29.75, -21.85 pct
** SUNRUN INC, Thursday close $8.91, -2.11 pct premarket
** SUNEDISON INC, Thursday close $8.33, -10.92 pct premarket
Elon Musk-controlled SolarCity said it plans to slow installation growth rate to roughly 40 percent in 2016 from an 80-90 percent growth rate in last nine years.
Tapering of growth expectations may reflect weakening market share position, Cowen & Co analyst Jeffrey Osborne says
SolarCity peers also fell.
** FLUIDIGM CORP, $10.49, +42.14 pct
The life sciences research company reported smaller-than-expected third-quarter loss of 32 cents per share, compared with an estimate of 55 cents.
** AARON'S INC, $24.62, -26.62 pct
The rent-to-own furniture retailer cut its full-year profit and revenue forecast after reporting lower third-quarter revenue in its core sales and lease ownership division.
** DIGITALGLOBE INC, $14.89, -25.18 pct
The satellite imagery provider's third-quarter revenue missed estimates, hurt by a 6.7 percent fall in its diversified commercial business due to lower revenue from location based services.
** FIRST SOLAR INC, $56.969, +11.73 pct
U.S. solar company raises 2015 earnings forecast to $4.30-$4.50 from $3.30-$3.60 as it expects lower operating expenses than forecast. the company also said it booked more than 1 gigawatt in project volume with deliveries expected after 2016.
** LINKEDIN CORP, $244.32, +12.59 pct
The company's quarterly revenue and profit handily beat analysts' estimates as the world's biggest professional networking website operator earned more from its recruitment services business and from advertisements and paid memberships.
** VALEANT PHARMACEUTICALS INTERNATIONAL, $97.73, -12.35 pct
The Canadian drugmaker said it is terminating all ties with Philidor due to allegations relating to the specialty pharmacy distributor's business practices.
** BAIDU INC, $187.96, +11.23 pct
China's biggest Internet search company reported a 36 percent rise in quarterly revenue as more advertising money flowed into the company's core search engine business.
** YRC WORLDWIDE INC, $17.59, +27.00 pct
The trucking company reported a better-than-expected Q3 profit, helped by higher revenue per shipment in its freight business.
** REPROS THERAPEUTICS, $1.75, -15.87 pct
The drug developer said on Thursday that U.S. Food and Drug Administration has canceled advisory committee's meeting to review marketing application for its hypogonadism drug.
** CENTURY ALUMINUM CO, $3.525, -17.83 pct
The aluminum producer reported a bigger-than-expected third-quarter loss, hurt by increased Chinese exports and charges related to facility closure, labor disruption, capacity curtailment and severance.
** COMFORT SYSTEMS USA INC, $32.18, +7.99 pct
The heating, ventilation and air conditioning services provider reported better-than-expected third-quarter revenue and profit, helped by strong demand.
** ACCURAY INC, $6.66, +12.50 pct
The cancer radiation device maker posted smaller first-quarter loss on Thursday, helped by lower costs and a 21 percent jump in product revenue.
** US ECOLOGY INC, $39.25, -8.72 pct
The environmental services provider reported lower-than-expected third-quarter profit and revenue, hurt by lower sales in its environmental services business.
** TRIMBLE NAVIGATION LTD, $22.62, +20.70 pct
The navigation software maker reported better-than-expected third-quarter profit and revenue late on Thursday, helped by strong demand in its business that includes transportation and logistics.
** ACELRX PHARMACEUTICALS INC, $3.895, +16.27 pct
The drug developer posted surprise third-quarter profit on Thursday as royalties from certain agreements helped increase revenue in the quarter.
** LENDINGCLUB CORP, $14.18, +4.11 pct
The online lender posted better-than-expected third-quarter profit, helped by strong loan growth. The company also raised its 2015 operating revenue forecast. The company is "pulling away as market leader" despite "increasingly competitive" online lending space, Credit Suisse said.
** CALIX INC, $6.86, -22.57 pct
The broadband services provider posted better-than-expected third-quarter revenue and profit. "We see Q4 revenue being down from our strong Q3 results," Chief Executive Carl Rusoo said. Calix blamed forecast on capex cuts by certain service providers as they prepare to reallocating funds towards CAF II.
** LIPOCINE INC, $12.22, +13.46 pct
The drugmaker said U.S. FDA accepted its marketing application for oral testosterone replacement product, LPCN 1021.
** PEABODY ENERGY CORP, $12.28, -6.90 pct
Peabody forecast a decline in U.S. coal demand and coal shipments in 2015 this month and said the reduction in demand has currently outpaced the supply response, resulting in rising stockpile.
** EXPEDIA INC, $138.5, +9.00 pct
** PRICELINE GROUP INC, $1,465.08, +2.77 pct
The company on Thursday posted a rise in third-quarter profit that beat analysts' estimates and said it now expects its takeover of Orbitz Worldwide Inc to yield greater benefits than previously anticipated.
Analysts said Expedia has been an improving execution story, a strong integrator of assets and is now comparable to industry leader Priceline.
** PROGRESSIVE WASTE SOLUTIONS LTD, $24.28, +8.15 pct
The Canadian waste management company reported better-than-expected third-quarter profit helped by price increase of 1.7 percent.
** HEALTHWAYS INC, $11.22, +6.55 pct
The healthcare management company posted a much better-than-expected third-quarter profit, helped by a 5.8 percent jump in revenue. The company said it recognized some "performance-based" revenue in the quarter originally expected in its fourth-quarter.
** DECKERS OUTDOOR CORP, $56.1, +7.97 pct
The footwear and apparel maker reports higher-than-expected Q2 profit and revenue, helped by higher sales of its UGG branded footwear to wholesale customers.
** ABBVIE INC, $60.4, +11.65 pct
The drugmaker reported higher quarterly sales and net income and forecast double-digit growth of earnings per share through 2020, putting the company in line to beat Wall Street's current expectations.
** CVS HEALTH CORP, $98.86, -4.76 pct
The No.2 U.S. drugstore chain's quarterly profit missed analysts' estimates for first time in six quarters and company's 2016 adjusted earnings forecast also fell short.
** AV HOMES INC, $13.31, +2.78 pct
The homebuilder reported higher revenue and profit as number of homes sold nearly doubled in the quarter after the acquisition of Bonterra Builders.
** PMC-SIERRA INC, $11.92, +2.41 pct
** SKYWORKS SOLUTIONS INC, $77.1, +3.31 pct
Chipmaker Skyworks Solutions raised its offer to buy PMC-Sierra to about $2.27 billion, marginally above a rival bid worth $2.25 billion from Microsemi Corp.
** FIRST NIAGARA FINANCIAL GROUP INC, $10.405, +0.24 pct
** KEYCORP, $12.49, -6.65 pct
Cleveland-based KeyCorp said it will buy Buffalo-based First Niagara Financial Group for $4.1 billion, one of the largest deals among U.S. regional banks this year.
** NEW YORK COMMUNITY BANCORP INC, $16.29, -3.38 pct
** ASTORIA FINANCIAL INC, $15.88, -3.93 pct
The Westbury, New York-based bank agreed to buy Lake Success, New York-based Astoria Financial for $2 billion on Thursday.
** MYLAN NV, $44.45, -2.91 pct
The company, which has made a hostile bid for Perrigo Co Plc , reported lower-than-expected revenue for the third straight quarter.
** MECHEL OAO, $0.9656, +4.42 pct
Gazprombank chairman Andrey Akimow told Reuters on Thursday evening that Mechel agreed on main conditions of debt restructuring with state banks and deals are in final stages. (Compiled by Arunima Banerjee in Bengaluru; Edited by Don Sebastian)