February 1, 2013 / 6:38 PM / 5 years ago

MARKET PULSE-Build-A-Bear, Merck, Brightcove, Zoetis, Audience

Feb 1 (Reuters) - Some U.S. stocks on the move on Friday:

WALL STREET SURGES TO FIVE-YEAR HIGHS ON DATA

U.S. stocks climbed to five-year highs in the wake of jobs and manufacturing data that showed the economy’s sluggish recovery is still on track. The Dow Jones industrial average rose 0.99 percent, the S&P 500 rose 1.01 percent and the Nasdaq Composite rose 1.21 percent.

** MERCK & CO, $41.94, down 3 pct (1254 ET)

The No. 2 U.S. drugmaker’s quarterly results beat estimates, helped by strong sales of its Januvia diabetes drug and Gardasil vaccine against cervical cancer, but the company forecast 2013 profit at the low end of expectations.

** PFIZER INC, $27.75, up 2 pct (1054 ET)

** ZOETIS INC, $30.75, up 18 pct (1056 ET)

Shares of Pfizer’s animal health subsidiary, Zoetis, jumped 21 percent on their New York Stock Exchange debut. Zoetis raised $2.2 billion in the largest initial public offering by a U.S. company since Facebook Inc’s IPO in May.

** DELL INC, $13.76, up 3.8 pct (1256 ET)

The company is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners, possibly announcing a deal as soon as Monday, according to two people familiar with the matter.

** AUDIENCE INC, $14.75, up 20 pct (1255 ET)

The audio technology company forecast quarterly revenue well above Wall Street’s expectations, helped by more business from Samsung and other smartphone makers.

** EDAP TMS SA, $3.00, up 16 pct (1257 ET)

The medical device maker submitted an approval application for its prostate cancer device to the U.S. Food and Drug Administration.

** MITEK SYSTEMS INC, $3.79, up 9 pct (1257 ET)

The software maker reported a surprise profit and higher-than-expected revenue for the first quarter on Thursday helped by higher demand for its flagship mobile imaging software.

** OCZ TECHNOLOGY GROUP INC OCZ.O, $2.06, down 8 pct (1125 ET)

The solid-state drive maker estimated second- and third-quarter revenues below analyst estimates.

The company expects second- and third-quarter revenues between $65 million and $85 million.

Analysts on average were expecting second-quarter revenue of $107.7 million, and third-quarter revenue of $134.33 million, according to Thomson Reuters I/B/E/S.

The company also estimated inventory charges due to discontinuation of about 150 products of about $15 million in the second quarter and about $30 million in the third quarter

** OMNICELL INC $17.41, up 10 pct

The company reported a quarterly profit that met Wall Street estimates, helped by higher product revenue, and the healthcare IT services provider forecast a 2013 profit in-line with analyst expectations.

Brokerage firm Benchmark raised its price target on the company’s share to $21 from $19 saying Omnicell could meet or exceed the upper range of its 2013 earnings guidance based on strong Q4 bookings and backlog.

** MEDIVATION INC, $56.29, up 3.5 pct (1257 ET)

Japanese drugmaker Astellas Pharma Inc, Medivation’s partner on prostate cancer drug Xtandi, reported better-than-expected U.S. sales of $57 million from Xtandi. Jefferies analyst Biren Amin said Xtandi was well on track to at least meet 2013 estimates of about $268 million, calling the reported quarterly figure “another strong beat.” Medivation also said in a regulatory filing that Astellas expected to exceed its earlier forecast of $100 million in U.S. Xtandi sales for the year.

** PIXELWORKS INC, $2.40, down 8.7 pct (1253 ET)

The company, which makes chips for digital display, reported fourth-quarter revenue that fell short of analysts’ expectations. Pixelworks reported revenue of $13.6 million. Analysts were looking for sales of $16.8 million, according to Thomson Reuters I/B/E/S.

** GRAMERCY CAPITAL CORP, $3.72, up 4 pct (1257 ET)

The commercial REIT said it was transferring its management and sub-special servicing agreement in three collateralized debt obligations for about $9.9 million, and would receive an additional $14 million when specific assets within the CDOs were liquidated, as it looks to become pure-play equity REIT.

** LYONDELLBASELL INDUSTRIES NV, $61.47, down 3.04 pct (1136 ET)

The company said production at its Houston refinery during the first quarter of 2013 would be cut by an average 80,000 barrels per day due to a planned overhaul of a coking unit and a crude distillation unit. The refinery has a crude oil throughput capacity of 273,433 bpd.

** BONANZA CREEK ENERGY INC, $34.49, down 1.26 pct (1129 ET)

The oil and gas explorer said it would issue 11.5 million of its shares at $29.50 per share.

** OPLINK COMMUNICATIONS INC, $15.21, down 9.6 pct (1158 ET)

The networking equipment maker reported second-quarter revenue which missed analysts’ estimates on Thursday and forecast lower-than-expected third-quarter results.

** ZOLTEK COS INC, $7.30, down 10 pct (1153 ET)

The carbon fiber maker said late on Thursday that its quarterly revenue fell 24 percent to $35.9 million, hurt by reduced demand.

** CARBO CERAMICS INC, $87.50, up 9.17 pct (1200 ET)

Brokerage firm BMO raised its price target on the company’s share to $90 from $85 after the company reported higher sales volumes and increased revenue which more than offset its lower pricing.

The company posted a higher-than-expected revenue of $153.6 million for the fourth quarter compared to an analyst estimate of $146.8 million according to Thomson Reuters I/B/E/S on Thursday.

** GILEAD SCIENCES INC, $40.81, up 3 pct (1222 ET)

The world’s largest maker of HIV drugs is looking to diversify into one of the fastest growing markets for cancer drugs - treatment of lukemia and other blood cancers, Bloomberg said. Gilead may be looking at acquiring lukemia drugmakers Ariad Pharmaceuticals Inc amd Infinity Pharmaceuticals Inc, Bloomberg said in an early Friday report, citing brokerage Aegis Capital Corp.

** BUILD-A-BEAR WORKSHOP INC, $4.96, up 20.98 pct (1223 ET)

The stuffed toys retailer said it expects a smaller same-store sales decline in the fourth quarter. It expects a 1.7 percent decline, compared with a 11.1 percent decline, a year earlier. The company also expects e-commerce sales to rise 14 percent in the quarter.

** INVESTMENT TECHNOLOGY GROUP $10.45, up 3 pct (1259 ET)

The independent research and execution broker reported a better-than-expected quarterly profit and brokerages SAndler O‘Neill and JP Morgan raised their price targets on the stock.

** REINSURANCE GROUP OF AMERICA, $59.53, up 3.7 pct (1300 ET)

The life reinsurer’s fourth-quarter profit beat Wall Street estimates by a wide margin on strong results from U.S. individual mortality and Canadian businesses and its board approved a $200 million stock repurchase program.

** CTRIP.COM INTERNATIONAL LTD, $20.85, up 5.2 pct (1300 ET)

The travel service provider reported a quarterly profit well clear of analysts’ expectations late on Thursday. It earned 35 cents per American depository share, excluding items for the fourth quarter ended December. Analysts on average expected earnings of 11 cents per share, excluding items, according to Thomson Reuters I/B/E/S.

** MACATAWA BANK CORP $4.37, down 6 pct (1022 ET)

The Michigan-based lender’s margin fell 76 basis points to 3.26 percent sequentially, raising fears that a prolonged low interest rate enviroment would sap its earnings power.

** CR BARD INC, $35.39, down 1.4 pct (1301 ET)

The medical device maker’s 2013 forecast lagged analysts’ estimates, taking the gloss of a better-than-expected fourth quarter and prompting Barclays to cut its price target on Bard’s stock to $112 from $117. Bard on Thursday laid out extensive plans to grow by deploying proceeds it hopes to get from W.L. Gore & Associates on resolution of a long-running patent suit with the manufacturing firm. Jefferies, however, maintained its “hold” rating on Bard stock saying the company’s plan was “fraught with risk.”

** THE BRINK‘S CO, $27.43, down 8 pct (1302 ET)

Security services provider Brink’s Co reported a lower-than-expected quarterly profit on weak operating margins in Latin America, its largest market. The company, which provides security services for governments, banks and other commercial customers, said it is planning to divest its cash-in-transit operations in Germany.

** UNIVERSAL TECHNICAL INSTITUTE INC, $11.92, up 5.4 pct (1302 ET)

The provider of automotive technician training’s quarterly profit beat analysts’ estimate late on Thursday. The company earned 14 cents per share for it first quarter ended December. Analysts on average expected earnings of 8 cents per share, excluding items, according to Thomson Reuters I/B/E/S.

** HHGREGG INC, $9.21, up 8.6 pct (1303 ET)

Jefferies & Co raised its price target on the appliance and electronics retailer’s stock and said it is likely to benefit from the decision to diversify its business away from video and towards other home categories such as furniture and fitness.

Hhgregg has kept its product offering to the living room, but will soon expand it, the brokerage wrote in a note and raised its proce target to $8 from $7.

“This seems like the area where management is most likely to get traction based on better early results versus fitness equipment, which appeared to be more challenged as management tries to figure out the right mix,” the brokerage said.

** STMICROELECTRONICS NV,, $8.98, up 4 pct (1303 ET)

Brokerage UBS Investment Research raised its price taget on the chipmaker’s shares to 6.30 euros from 5.2 euros saying the company’s first-quarter forecast in its core business remains inline with analysts estimates.

** BRIGHTCOVE INC, $6.37, down 24 pct (1304 ET)

The online video publisher forecast lower-than-expected first-quarter results on Thursday.

The company also said Chief Operating Officer David Mendels will replace co-founder and CEO Jeremy Allaire, who will become Executive Chairman of the Board after completion of the first quarter.

** PANASONIC CORP , $6.98, up 6 pct (1105 ET)

The maker of Viera TVs rebounded to a quarterly profit and stuck with its full-year earnings forecast, as it moves its business away from loss-making TVs in favor of household appliances, batteries and other non-consumer electronics.

** DEMANDWARE INC, $29.46, down 7.3 pct (1306 ET)

Netsuite Chief Executive Zach Nelson called the company, which makes software that powers e-commerce sites, “incredibly vulnerable” due to the small number of customers it has.

Netsuite competes against Demandware with its SuiteCommerce offering. Nelson, on a conference call with analysts on Thursday, termed Demandware’s products as “narrow, low functionality point products”.

** MANITOWOC CO INC, $18.91, up 7.4 pct (1307 ET)

The diversified industrial manufacturer reported better-than-expected quarterly results, helped by a 12 percent growth in crane sales. The company forecast crane operating margin of high single-digit percentage for 2013.

** NETFLIX INC, $169.33, up 2.4 pct (1307 ET)

Morgan Stanley raised its price target on the U.S. video rental and streaming company’s stock to $200 from $160, according to theflyonthewall.com.

** DOMTAR CORP , $77.90, down 6.4 pct (1308 ET)

The paper and pulp producer’s quarterly profit fell 69 percent due to weak pulp prices and higher costs, and the company said it expected paper prices to be little changed this year.

** MCKESSON CORP, Thursday close $103.84, down 1.2 pct (1309 ET)

The U.S. drug wholesaler reported a lower-than-expected quarterly net profit on Thursday, citing a $40 million charge for a Canadian legal dispute and deferred international revenue.

** TELLABS INC, $2.10, down 7.6 pct (1309 ET)

The network equipment maker forecast first-quarter revenue below analysts’ estimates as it expects to record a restructuring charge of $38 million during the quarter, related to the discontinuation of one of its products.

** LIFE TIME FITNESS INC, $39.91, down 21 pct (1309 ET) The fitness and spa center operator announced preliminary fourth-quarter results that missed analysts’ expectations, hurt by lower membership growth and losses related to Hurricane Sandy.

** PERRIGO CO, $106.29, up 5.7 pct (1310 ET)

The generic drugmaker has bought privately held Velcera Inc for $160 million, its second acquisition in the animal healthcare market in four months as it seeks to bring its successful store-brand over-the-counter model to pet care.

** TYSON FOODS INC, $22.75, up 2.8 pct (0944 ET)

The largest U.S. meat company, posted better-than-expected quarterly earnings on Friday, helped by growth in its beef and chicken businesses, and forecast full-year revenue that was slightly above analyst expectations.

** AON PLC, $56.45, down 2.2 pct (0946 ET)

The world’s largest insurance broker reported a higher quarterly profit as margin pressures eased at its human resource business.

** PMC-SIERRA INC, $6.58, up 13 pct (1312 ET)

The chipmaker reported fourth-quarter results that beat analysts’ expectations prompting at least two brokerages to raise their target prices on the company’s stock.

** LEGG MASON INC, $26.62, down 3.7 pct (1313 ET)

The asset manager reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and said it should name a permanent chief executive soon.

** NATIONAL OILWELL VARCO INC, $70.51, down 3.7 pct (1314 ET)

The largest U.S. oilfield equipment maker expects margins to remain little changed this year in its largest business that helps prepare oil and gas wells for production.

** BERRY PLASTICS GROUP, $18.29, up 4 pct (1316 ET)

The consumer packaging provider reported an adjusted fourth-quarter profit of 8 cents per share. It missed analysts’ expectations of 10 cents per share, according to Thomson Reuters I/B/E/S. [ID: nWNAB00QSF]

** FACEBOOK INC, $30.32, down 2 pct (1317 ET)

The stock recovered from an 8 percent slide on Thursday, finishing the regular session down less than 1 percent, as Wall Street’s initial alarm over mobile revenue results and spending plans subsided.

** NETSUITE INC, $71.77, up 2.1 pct (1317 ET)

The business software maker raised its 2013 revenue forecast, and said it would add jobs in its sales and product teams to meet strong demand.

** EMULEX CORP, $6.9, down 9.6 pct (1318 ET)

** BROADCOM CORP, $33.09, up 2 pct (1318 ET)

Storage equipment maker Emulex forecast third-quarter results that fell short of analysts’ estimates, partly due to a court injunction that hurt sales. The company said a court injunction won by chipmaker Broadcom Corp in a patent infringement case had hindered its ability to win new customers in the United States.

Peer Broadcom’s stock rose.

** BOEING CO, $75.01, up 1.5 pct (1319 ET)

Airbus studied alternatives to lithium-ion batteries for its next jet, the A350, and has time to adapt to any rule changes prompted by the problems that have grounded Boeing Co 787 Dreamliner, its top executive said.

** PERKINELMER INC, $34.20, down 3 pct (1319 ET)

The maker of scientific instruments on Thursday reported higher-than-expected quarterly profit, but the company issued a 2013 earnings forecast range with a midpoint below Wall Street estimates.

** THERMO FISHER SCIENTIFIC INC, $75.18, up 4.2 pct (1320 ET)

The company is so convinced that automatic U.S. government spending cuts will kick in March that the world’s largest maker of laboratory equipment included that assumption in its 2013 forecasts.

** MORGAN STANLEY, $23.69, up 4 pct (1321 ET)

The bank said it is nearly doubling Chief Executive James Gorman’s salary to $1.5 million a year, to bring it more in line with other big bank chiefs.

** CHUBB CORP, $83.24, up 3.6 pct (1321 ET)

The property and casualty insurer posted a surprise operating profit even as it booked a pre-tax catastrophe loss of $882 million related to superstorm Sandy, the largest loss from a natural disaster in the company’s history.

** COMPUTER PROGRAMS AND SYSTEMS INC, $48.56, down 7.6 pct (1322 ET)

The healthcare IT service provider forecast 2013 profit between $2.80 to $2.98 per share, below analyst estimates of $3.15 per share, according to Thomson Reuters I/B/E/S.

Fourth-quarter net income of 83 cents per share also missed consensus estimates of 88 cents per share.

** TELECOMMUNICATIONS SYSTEMS INC, $2.40, up 6.1 pct (1322 ET)

The wireless communication company on Thursday reported fourth-quarter profit above analysts’ estimates, helped by higher sales of its TotalCom network products.

** BEBE STORES INC, $3.98, down 4.8 pct (0958 ET)

The women’s apparel retailer reported a larger-than-expected quarterly loss, as increased markdowns and expenses hurt margins.

** ABAXIS INC, $44.17, up 14 pct (0958 ET)

The medical device maker reported better-than-expected third-quarter results due to a 40 percent rise in sales of its veterinary diagnostic products. Abaxis’s net income was 22 cents per share on revenue of $49.8 million beating analyst estimates of 18 cents per share on revenue of $45.8 million, according to Thomson Reuters I/B/E/S.

** ELECTRO SCIENTIFIC INDUSTRIES INC, $10.61, down 1.7 pct (1324 ET)

The supplier of laser-based manufacturing solutions reported a third-quarter profit that missed analysts’ expectations as slow capital spending in its core markets pushed orders lower, and Electro Scientific forecast lower-than-expected fourth quarter earnings.

** OCZ TECHNOLOGY GROUP INC, $2.15, down 4.4 pct (1324 ET)

The solid-state drive maker said it expects second- and third-quarter revenues between $65 million and $85 million. It also estimated inventory charges due to discontinuation of about 150 products of about $15 million in the second quarter and about $30 million in the third quarter.

Analysts on average were expecting second-quarter revenue of $107.7 million, and third-quarter revenue of $134.33 million, according to Thomson Reuters I/B/E/S.

** GREEN DOT CORP, $13.66, up 2 pct (1325 ET)

The issuer of prepaid debit cards reported better than expected fourth quarter results that beat analysts’ estimates on improved cardholder retention and more usage of prepaid cards. Though full year earnings guidance was below expectations, revenue was above estimates. (Compiled by Neha Dimri in Bangalore)

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