4 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) U.S. stock index futures turned negative on Friday after data showed employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded. Dow Jones industrial average futures were down 0.41 percent at 16,261, S&P 500 futures were down 0.52 percent at 1,897.75 and Nasdaq 100 futures were down 0.54 percent at 4,133.5.
** LINKEDIN CORP, Thursday close $192.28, -33.72 pct premarket
The operator of the world's largest online network for professionals forecast first-quarter revenue and profit below Wall Street estimates as growth slows in its ads business and its hiring services face pressure outside North America, dragging its shares down 28 percent after the bell.
** MULTI-FINELINE ELECTRONIX INC, Thursday close $16.43, +37.25 pct premarket
The electronics chip maker agreed to be acquired by China's Suzhou Dongshan Precision Manufacturing Co Ltd in about $610 million all-cash deal.
** TYSON FOODS INC, Thursday close $51.95, +6.35 pct premarket
The biggest U.S. meat processor raised its full-year profit forecast, helped by a sharp drop in feed and livestock costs.
** SYMANTEC CORP, Thursday close $19.18, +9.12 pct premarket
The company, best known for its Norton antivirus software, said Silver Lake Partners had invested $500 million in the company and that the private equity firm would get a board seat.
** TABLEAU SOFTWARE INC, Thursday close $81.75, -39.40 pct premarket
The company posted top and bottom line beat, but license revenue growth, a key barometer, missed expectations.
** HESS CORP, Thursday close $43.47, -11.00 pct premarket
The oil producer launched dual offerings. It announced 25 million shares of common stock at $39 versus $43.47 last year and 10 million depositary shares at $50, representing an interest in 3-year, mandatory convertible preferred stock.
** HANESBRANDS INC, Thursday close $29.39, -12.59 pct premarket
The apparel maker and retailer reported surprise fall in its fourth-quarter net sales due to a drop in traffic at its stores.
** ARCELORMITTAL SA, Thursday close $4.13, -8.23 pct premarket
The world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company forecast on Friday that global apparent steel demand would rise by up to 0.5 percent in 2016.
** SIERRA WIRELESS INC, Thursday close $14.69, -26.21 pct premarket
Canadian wireless equipment maker reported lower-than-expected fourth-quarter earnings and revenue, hurt by fall in demand from its original equipment manufacturer (OEM) customers.
** QUOTIENT LTD, Thursday close $10.3, -14.95 pct premarket
The diagnostic company priced public offering of 4.4 million shares at $9, representing a 12.6 percent discount to stock's Thursday close.
** OUTERWALL INC, Thursday close $32.69, -21.99 pct premarket
Redbox DVD rental kiosk owner forecast full-year 2016 core earnings of $5.00-$6.30 per share from continuing operations, below average analyst estimate of $7.14 per share.
** YRC Worldwide Inc, Thursday close $10.71, -17.83 pct premarket
The trucking company's fourth-quarter adjusted EPS misses analysts' expectations due to a decrease in fuel surcharge revenue. (Compiled by Arunima Banerjee in Bengaluru; Edited by Shounak Dasgupta)