January 30, 2013 / 4:18 PM / 5 years ago

MARKET PULSE-Boeing, Amazon, Chesapeake, RIM, Dolby, Kinder Morgan

Jan 30 (Reuters) - Some U.S. stocks on the move on Wednesday:

WALL ST EDGES HIGHER, AMAZON OFFSETS GDP

U.S. stocks were flat as an unexpectedly weak read on fourth-quarter economic activity was offset by strong results at Boeing and Amazon.com. The Dow Jones industrial average was up 0.04 percent. The Standard & Poor's 500 Index was up 0.07 percent. The Nasdaq Composite Index was up 0.18 percent.

** BOEING CO, $74.57, up 1.2 pct (1059 ET)

The Chicago-based aerospace and defense giant posted a stronger-than-expected profit on Wednesday as its backlog of orders rose, and said its 2013 forecast "assumes no significant financial impact" from the grounding of its 787 Dreamliner jet by regulators.

** AMAZON.COM INC, $275.35, up 5.8 pct (1100 ET)

The world's largest Internet retailer's better-than-expected profit margins surprised Wall Street, prompting at least five brokerages to raise their price targets on the stock.

** MERITOR INC, $4.89, down 9 pct (0956 ET)

The truck parts maker reported a 23 percent drop in quarterly revenue, hurt by lower demand outside North America, and said it would cut 200 jobs, or about 2 percent of its workforce, globally.

Meritor is facing pressure from reduced infrastructure spending and higher levels of dealer inventory in China, which have led to lower production of cranes, loaders and other excavating equipment.

** KB HOME, $19.30, up 4 pct (1004 ET)

Credit Suisse raised its rating on the stock of the fifth-largest U.S homebuilder to "outperform" from "neutral" and its price target to $24 from $14.50.

** LENNAR CORP, $41.64, down 2 pct (1008 ET)

Credit Suisse cut its rating on the stock of the third-largest U.S homebuilder to "neutral" from "outperform."

** NEWLINK GENETICS CORP, $11.87, up 4 pct (1008 ET)

The pharmaceutical company offered 4 million shares of its common stock at $11.40 per share. NewLink expects proceeds of about $42.5 million from the offering after deducting various costs.

** PETROBRAS, $18.43, down 5 pct (1051 ET)

Preferred shares of Petrobras fell the most in over two months after Brazil's state-run oil company announced late Tuesday that it would increase prices for gasoline by 6.6 percent and diesel by 5.4 percent starting on Wednesday.

** HAWAIIAN HOLDINGS, $5.75, down 12 pct (1030 ET)

The parent company of Hawaii's biggest airline reported a loss of $3.4 million, or 7 cents per share, for its fourth quarter ended December late on Tuesday. Hawaiian Holdings had earned $20.9 million, or 40 cents per share, a year earlier. Excluding items, the company broke even in the quarter.

"The sharp weakening of the yen, excess capacity in certain markets and an accounting charge all worked to depress our earnings for the period," Chief Executive Mark Dunkerley said.

** ROBERT HALF INTERNATIONAL INC, $34.60, up 3 pct (1044 ET)

The staffing company reported a better-than-expected fourth quarter profit, on higher revenue at Protiviti, its internal audit business, and higher gross-margins. Brokerage Citigroup raised its price target on the stock to $37 from $30.

** CHESAPEAKE ENERGY CORP, $20.01, up 5.7 pct (1111 ET)

Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer

** MEADWESTVACO CORP, $32.07, down 2.6 pct (0940 ET)

The packaging company posted a lower-than-expected quarterly profit, hurt by lower sales in its food and beverage business and said it expects earnings for the first quarter to be modestly lower, year-over-year.

** WEBSENSE INC, $15.75, down 2.3 pct (0941 ET)

The online security firm posted fourth-quarter adjusted profit that missed market estimates and forecast first-quarter profit below expectations.

** DOLBY LABORATORIES INC, $33.44, up 5.25 pct (0941 ET)

The audio technology licensor posted first-quarter results that beat analysts' estimates, helped by higher licensing revenue, and forecast second-quarter profit above expectations.

** GOODRICH PETROLEUM CORP, $10.24, up 3 pct (1022 ET)

** LAREDO PETROLEUM HOLDINGS INC, $19.10, up 3 pct (1024 ET)

** APPROACH RESOURCES INC, $26.75, up 4 pct (1026 ET)

** PIONEER NATURAL RESOURCES CO, $120.43, up 3 pct (1027 ET)

Pioneer said it will sell a 40 percent stake in about 207,000 net acres in the Wolfcamp shale field in Texas to China's state-run Sinochem Group Co Ltd for $1.7 billion.

** QIAGEN NV, $20.74, up 3.8 pct (0942 ET)

The genetic testing specialist exceeded expectations with a 13 percent rise in fourth-quarter net profit and said it expected sales and profit growth in 2013 on demand for its automated diagnostics gear.

At least two brokerages raised their price targets on the stock after the results.

** JETBLUE AIRWAYS CORP, $5.85, down 3.5 pct (0942 ET)

Raymond James cut its rating on the discount airline to "underperform" from "market perform," a day after it reported a lower quarterly profit, hurt by disruptions caused by Superstorm Sandy. [ID: nWNAB00Q22]

** MANPOWER INC, $50.72, up 4.5 pct (0943 ET)

The Global staffing company reported a 16 percent fall in fourth-quarter profit as a weak European market hurt its margins.

** KINDER MORGAN ENERGY PARTNERS LP, $88.25, down 1.4 pct (1048 ET)

** COPANO ENERGY LLC, $38.16, up 15 pct (1048 ET)

Kinder Morgan will buy natural gas pipeline operator Copano for $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from the shale fields of Texas and Oklahoma.

** ADT CORP, $48.06, up 3 pct (0946 ET)

The home security services company reported a higher quarterly profit on Wednesday and announced a $600 million accelerated share repurchase.

** UNISYS CORP, $21.14, up 12 pct (0947 ET)

The IT services company reported fourth-quarter results above Wall Street's estimates helped by 16 percent growth in its technology business.

** KEY TRONIC CORP, $9.89, down 17 pct (0948 ET)

The electronics manufacturer's reported second-quarter results at the lower end of its guidance as demand fell from one of its customers.

** ASPEN TECHNOLOGY INC, $30.84, up 8.2 pct (0950 ET)

The company, which provides supply chain management software for the manufacturing industry, posted better-than-expected second-quarter results on higher subscription and software revenue.

Brokerage Canaccord Genuity raised its price target on the company's stock to $34 from $32.

** VALERO ENERGY CORP, $41.09, up 0.7 pct (0949 ET)

The leading U.S. independent refiner plans to expand its use of domestic crude oil as well as increase exports of refined products.

** ISIS PHARMACEUTICALS INC, $14.59, up 9 pct (0950 ET)

** AEGERION PHARMACEUTICALS INC, $27.51, down 3.5 pct (1109 ET)

The U.S. Food and Drug Administration on Tuesday approved a drug made by Sanofi SA and Isis designed to treat a rare genetic disorder that causes dangerously high levels of bad LDL cholesterol. In December, the FDA approved a drug for the same condition made by Aegerion.

** PAREXEL INTERNATIONAL CORP, $31.79, down 6 pct (0951 ET)

The contract research organization reported a quarterly profit above Wall Street estimates, helped by higher services revenue, and raised its outlook for the current year.

** VERTEX PHARMACEUTICALS INC, $44.75, down 3.5 pct (0952 ET)

The company on Tuesday reported a third consecutive quarterly loss as sales of its hepatitis C drug, Incivek, again fell sharply while research and development spending rose.

** FREESCALE SEMICONDUCTOR LTD, $14.55, up 17.4 pct (0952 ET)

The company, which makes chips for cars and machinery, forecast current-quarter revenue above analysts' estimates as demand returns in its wireless and enterprise businesses.

** AVERY DENNISON CORP, $38.55, up 6.7 pct (0953 ET)

Label and specialty packages maker CCL Industries Inc said it will buy two businesses of the U.S. label and office supplies maker for $500 million.

** PHILLIPS 66, $62.47, up 4.3 pct (0953 ET)

** MARATHON PETROLEUM CORP, $72.62, up 1 pct (0954 ET)

U.S. oil refiners Phillips 66 and Marathon Petroleum Corp reported higher-than-expected quarterly earnings on better refining margins fueled by cheaper crude oil from shale formations in North America.

** MARKETAXESS HOLDINGS INC, $39.15, up 3 percent (0935 ET) The company, which operates electronic bond trading platforms, posted a higher fourth-quarter profit and raised its quarterly dividend by 18 percent to 13 cents per share.

** BIOCLINICA INC, $7.21, up 19 pct [0937 ET]

The clinical trial management company said it will be bought by private-equity firm, JLL Partners, for $123 million. Following the purchase, BioClinica will be merged with another JLL acquisition, CoreLab Partners. The merged firm will provide medical imaging services for clinical trials.

The purchase price of $7.25 per share represented about 20 percent premium to BioClinica's closing price on Tuesday.

PIPER JAFFRAY CO $40.24, up 4 percent (093838 ET)

The investment bank's fourth-quarter profit topped Wall Street estimates as companies scrambled to complete their deal before the end of the year hoping to avoid fallout from the U.S. fiscal cliff battle.

Advisory revenue rose 139 percent in the quarter to $44.5 million.

** MULTIMEDIA GAMES HOLDING COMPANY INC, $15.56, up 9 pct (0946 ET)

The company, which manufactures gaming machines and video lottery terminals, reported higher revenues on the back of increased revenue from its gaming operations. The Austin, Texas-based company raised its 2013 revenue outlook.

Multimedia Games Holding also said it will begin serving the key Nevada slot machine market in the second half of fiscal 2013.

** VENTRUS BIOSCIENCES INC, $2.75, down 16 pct (0945 ET)

The pharmaceutical company said it would make a public offering of 5.8 million shares of its common stock at $2.50 each. Separately, it would also make another offering of its convertible preferred stock. Ventrus said it expects to raise about $20 million in gross proceeds from these offerings. [ID: nGNXUXBHWa]

** SENSATA TECHNOLOGIES HOLDING NV, $32.73, down 6 pct (1055 ET) The company which supplies sensing, control and power management products reported lower-than-expected fourth-quarter results and forecast current-quarter results which missed Wall Street's estimates by a wide margin. (Compiled by Neha Dimri in Bangalore)

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