BUZZ-U.S. Stocks on the Move-Extreme Networks, EMC Corp, Hasbro

Mon Jul 21, 2014 9:26am EDT
 
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(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. stock index futures are set to fall at the open on Monday as developments in Ukraine and Middle East look to dominate trading amid a thin economic calendar. Dow Jones industrial average e-mini futures were down 0.32 percent at 16,978, S&P 500 futures were down 0.30 percent at 1,965.5 and Nasdaq 100 futures were down 0.13 percent at 3,925.

** EXTREME NETWORKS INC, Friday close $4.37, +13.50 pct premarket

Network-gear maker Extreme Networks estimated fourth-quarter adjusted profit and revenue above analysts' expectations, helped mainly by new business in North America. The company said it expected a profit of 6-8 cents per share, excluding items, and adjusted revenue of between $154 million and $156 million for the quarter. Analysts on average had expected earnings of 3 cents per share on revenue of $146.7 million, according to Thomson Reuters I/B/E/S.

** HASBRO INC, Friday close $53.21, -1.33 pct premarket

The second-largest U.S. toymaker's second-quarter sales rose 8.2 pct to $829.3 million, but missed the analysts' average estimate of $839 million. Net income fell by 2 cents to 26 cents per share.

** CTI BIOPHARMA CORP, Friday close $2.59, +6.95 pct premarket

The drug developer's shares rose after the Israeli health ministry approved the company's blood cancer drug, Pixuvri, for patients who have received not more than three previous courses of treatment.   Continued...