5 Min Read
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)
U.S. stocks fell on Thursday after the health of Portugal's top listed bank was questioned, bringing back to markets the specter of a weakened Europe. The Dow Jones industrial average was down 0.69 percent, the S&P 500 down 0.65 percent and the Nasdaq Composite down 0.94 percent.
** LUMBER LIQUIDATORS HOLDINGS INC, $55.001, -21.90 pct
The specialty retailer cut its earnings outlook, raising doubts about a pick up in retail spending from the first quarter.
** SAREPTA THERAPEUTICS INC, $21.48, -17.03 pct
The drugmaker said follow-up data from a mid-stage study on its muscle wasting disorder drug showed a greater decline in walking ability after 144 weeks.
** POTBELLY CORP, $11.2, -23.55 pct
The sandwich chain's second-quarter revenue and profit were below analysts' expectations, hurt by lower-than-expected comparable store sales.
Potbelly also cut its full-year profit and comparable store sales forecast. Piper Jaffray cut its price target on the stock to $14 from $19.
** KOSMOS ENERGY LTD, $9.98, -6.03 pct
Shareholders Blackstone Group LP and Warburg Pincus LLC will sell 17 million shares of the oil and gas producer.
** ENDEAVOUR SILVER CORP, $5.95, +2.94 pct
** KINROSS GOLD, $4.42, +1.61 pct
** YAMANA GOLD, $8.55, +2.76 pct
** NEWMONT MINING, $25.8, +1.06 pct
** ROYAL GOLD CORP, $78.23, +2.57 pct
** FIRST MAJESTIC SILVER CORP, $11.17, +3.04 pct
Gold rose to its highest since March as European shares fell after weak economic data. Spot gold rose 1.5 percent to $1,345.00 an ounce in earlier trade.
** OCERA THERAPEUTICS INC, $6, -15.85 pct
The drug developer priced its common stock offering of 4.2 million shares at $6 per share. The offering, expected to raise about $25 million, represents about 27 percent of the company's total outstanding shares as of May 12.
** MEMORIAL PRODUCTION PARTNERS LP, $22.18, -7.27 pct
The oil and gas explorer commenced an underwritten public offering of 8.6 million units. The units on offer represented 14 percent of the company's total outstanding units, according to Thomson Reuters data.
** REGENCY CENTERS CORP, $55.58, +0.34 pct
** AMREIT INC, $21.58, +12.40 pct
Shopping center owner and operator Regency Centers offered to buy AmREIT for about $433 million to expand in Texas and Georgia.
** WD-40 CO, $70.08, -7.92 pct
The cleaning products maker narrowed its full-year revenue forecast due to weak demand for its homecare and cleaning products. It now expects full-year sales of $380 million to $387 million, compared with its prior forecast of $383 million to $398 million.
** PORTUGAL TELECOM, $2.56, -8.24 pct
Portugal's securities market watchdog, CMVM, is analysing a major investment by the company in the debt of Rioforte, a holding company of the Espirito Santo banking family whose companies are under regulator scrutiny, sources said.
** ZUMIEZ INC, $30.2925, +8.19 pct
The skateboard and surfboard apparel retailer's June same-store sales rose 3.1 percent, topping average analyst average of 1.8 pct rise, according to Thomson Reuters I/B/E/S.
The company also raised its second-quarter profit and sales forecast.
** TRACTOR SUPPLY CO, $59.46, -3.13 pct
The farming equipment retailer estimates second-quarter revenue and profit below analysts' forecast, saying sales of certain seasonal products came in below its expectations
It also expects second-quarter gross margin rate to be flat due to increased transportation costs and more promotional activity.
** LIQUIDITY SERVICES INC, $13.02, -11.31 pct
The online auctioneer, which provides an online marketplace for buying and selling surplus products, expects adjusted profit for the third quarter ending June 30 to come 10-20 percent below its forecast of 28 cents to 34 cents per share.
** HELEN OF TROY LTD, $58.99, -2.43 pct
The personal care products and houseware maker reported an 11 percent drop in sales of personal care products in the first quarter. (Compiled by Avik Das in Bangalore; Edited by Maju Samuel)