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The S&P 500 hit a record high for a third straight session on Thursday, lifted by jobs data and earnings, but a weak reading in new home sales kept other key stock indexes little changed. The Dow Jones industrial average was up 0.12 percent at 17,107.5, the S&P 500 was up 0.17 percent at 1,990.46 and the Nasdaq Composite was up 0.15 pct at 4,480.55.
** FACEBOOK INC, $76.01, +6.62 pct
Shares of Facebook hit a record high on Thursday after a surge in mobile advertising revenue helped the world’s No. 1 social network trounce analysts’ expectations for quarterly profit and revenue.
** FORD MOTOR CO, $17.935, +0.87 pct
The car maker reported second-quarter operating earnings that beat expectations thanks to record profit in North America.
** GENERAL MOTORS CO, $35.87, -4.12 pct
The car maker reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths.
** CATERPILLAR INC, $105.25, -2.89 pct
Caterpillar reported higher-than-expected second-quarter earnings on Thursday but said sales fell as a continued slump in the global mining industry offset a rebound in the North American building sector.
** QUALCOMM INC, $76.7525, -5.94 pct
One of the world’s biggest mobile chipmakers’ outlook for the September quarter was below Wall Street’s expectations. The company also said it was having trouble collecting royalties in China.
Separately, China’s antitrust regulator has confirmed that Qualcomm has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm’s chief executive held talks in China.
** 3M CO, $145.585, +0.63 pct
3M posted a 6 percent rise in quarterly profit on Thursday, helped by broad sales growth across the U.S. manufacturer’s range of businesses.
** AT&T INC, $35.65, -0.64 pct
The telecommunications services provider’s quarterly revenue rose a weaker-than-expected 1.6 percent as cheaper service plans offered to customers who forgo subsidized cellular phones cut into margins.
** NOKIA CORP, $8.26, +7.55 pct
The Finnish telecoms gear maker surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators installed more powerful systems to cope with surging mobile data traffic.
** CELSION CORP, $3.5, +8.36 pct
The cancer drug developer reported positive interim data from a mid-stage trial testing its drug ThermoDox in patients with an aggressive form of breast cancer.
The company said the disease did not progress and stabilized in 60 percent of patients who received the drug.
** BANCORP INC, $9.58, -11.87 pct
The lender reported a second-quarter loss of 15 cents per share due to a loan loss provision. Analysts on average had expected a profit of 15 cents per share.
The stock has fallen about 41 percent since June 10, when the company said it would be restricted from issuing certain prepaid cards due to regulatory action. The bank had said then that it would incur additional expenses related to these actions.
** NOBLE ENERGY INC, $71.61, -3.50 pct
The oil and natural gas producer said its second-quarter output from the Denver-Julesburg basin in Colorado fell below its expectations.
The company said output was hurt in part by downtime at a third-party processing plant and facility upgrades at over 60 wells. Noble expects to produce between 290 MBoe/d and 305 MBoe/d in third quarter and between 310 Mboe/d and 330 MBoe/d in fourth quarter. The company’s second-half estimates are lower than earlier expectations, mainly due to more “conservative assumptions” in the Denver-Julesburg Basin for infrastructure capacity and timing of well tie-ins.
** GOVERNMENT PROPERTIES INCOME TRUST, $23.47, -4.75 pct
The real estate investment trust priced an offering of 13.5 million at $23.50 apiece.
The company said it would offer a further 12 million shares. The two offerings combined represent 47 percent of the company’s outstanding shares as of July 23.
** ORGANOVO HOLDINGS INC, $8.2, +7.19 pct
The medical device maker agreed with a unit of Johnson & Johnson to evaluate the use of 3D bio-printed human tissue in testing of drugs. (bit.ly/1x6daJw)
The company’s 3D bioprinting creates living human tissue that mimics the form and function of real tissue. Terms of the agreement were not disclosed.
** QUESTCOR PHARMACEUTICALS INC, $97.03, +1.06 pct
The drug maker posted a 39.5 percent rise in quarterly profit, helped by strong sales of its multiple sclerosis drug Acthar.
The company’s net income rose to $1.54 per share, in the second quarter ended June 30, from $1.12 per share, a year earlier.
** TOWNSQUARE MEDIA LLC, $10.38, -5.64 pct
Shares of the radio station operator fell as much as 7 percent in their market debut, valuing the company at about $172 million.
** D.R. HORTON INC, $22.5, -9.27 pct
The No.1 U.S. homebuilder reported a 23 percent slump in third-quarter profit, hurt by an impairment charge, mainly on properties in the weak Chicago market.
** WAL-MART STORES INC, $76.35, -0.83 pct
Wal-Mart replaced its U.S. business head Bill Simon with Asia chief Greg Foran to turn around its largest business, where sales have been sluggish for at least a year.
Separately, Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico.
** LEGG MASON INC, $51.83, +2.35 pct
The asset manager said it would buy UK-based investment manager Martin Currie to expand in equity markets, as part of efforts to revamp its business.
** UNDER ARMOUR INC, $69.25, +14.22 pct
The sports apparel manufacturer and retailer’s quarterly revenue rose by more than a third as it benefited from growing interest in fitness among women and young people, and the company raised its full-year sales forecast.
** TRIPADVISOR INC, $97.22, -9.44 pct
The online travel research company reported a lower-than-expected quarterly profit as total selling and marketing costs rose 53 percent to $127 million.
** ANGIE‘S LIST INC, $7.885, -22.47 pct
The operator of a website that allows users to review local businesses forecast quarterly revenue below estimates and reported a bigger-than-expected quarterly loss as it spent more to sign up customers.
** SKECHERS USA INC, $52.82, +9.11 pct
The sport shoes maker’s second-quarter revenue and profit beat analysts’ expectations, helped mainly by higher demand for new products.
The company’s sales rose 37.1 pct to $587 million - its highest ever.
** F5 NETWORKS INC, $113.79, +2.69 pct
The network equipment maker reported a 19 percent rise in third-quarter revenue, helped by strong sales of its data traffic management and network security products.
** FORTINET INC, $25.6901, +6.91 pct
At least nine brokerages raised their price targets on the enterprise network security services provider’s shares. The company reported second-quarter profit and revenue above analysts’ average expectations on Wednesday, helped by strong demand for its hi-end software security products.
The company’s stock has a median price target of $29. Of the 27 brokerages covering the stock 8 had a “strong buy” rating, 12 had “buy” and 7 had “hold”, according to Thomson Reuters data.
** PATTERSON-UTI ENERGY INC, $37.65, +2.53 pct
The drilling service provider’s profit rose 25 percent to $54.3 million in second quarter, driven by higher revenue from its pressure pumping and U.S. oil rig businesses.
The company’s revenue rose 15 percent to $757.2 million.
** ELI LILLY AND CO, $64.55, +0.47 pct
The company’s quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but cost controls helped earnings beat forecasts.
** NASDAQ OMX GROUP INC, $42.3481, +2.91 pct
The transatlantic exchange operator reported a higher second-quarter profit as it absorbed recent acquisitions and revenue increased across its business units.
** ROYAL CARIBBEAN CRUISES LTD, $61, +8.48 pct
The world’s second-largest cruise operator’s quarterly profit beat analysts’ average estimate as demand for its European cruises increased and passengers spent more on board, helping it raise its full-year profit forecast.
** PULTEGROUP INC, $19.29, -2.77 pct
The U.S. homebuilder reported a 15 percent rise in quarterly profit as it sold homes at higher prices, but said orders fell 2.2 percent.
** LAZARD LTD, $52.17, +2.54 pct
The investment bank and asset manager reported a better-than-expected quarterly profit, as merger and acquisition advisory and asset management fees rose amid an increase in corporate deals.
** DUNKIN’ BRANDS GROUP INC, $41.89, -4.71 pct
The company cut its full-year forecasts on Thursday, as its U.S. Dunkin’ Donuts shops battled fierce competition from fast-food rivals like McDonald’s Corp and as high milk prices softened profits from its international Baskin-Robbins ice cream business.
** DIAMOND OFFSHORE DRILLING INC, $46.77, -6.53 pct
The offshore rig contractor’s quarterly profit more than halved as drilling revenue fell 18 percent.
** O‘REILLY AUTOMOTIVE INC, $153.085, +4.42 pct
The auto parts retailer’s second-quarter profit topped the average analyst estimate, helped by strong U.S. auto demand.
Barclays raised its price target on the stock to $180 from $170 and Credit Suisse to $175 from $150. The median price target on the stock is $163, according to Thomson Reuters data.
** PRECISION DRILLING CORP, $13.965, +1.71 pct
Canada’s largest oil and gas drilling contractor reported a 25 percent jump in quarterly revenue as its rigs under contract were at their highest level since 2006.
** TECK RESOURCES LTD, $24.61, +3.10 pct
Profit at Teck Resources was slightly stronger than expected in the second quarter, though markedly lower than a year earlier, and the Canadian diversified miner trimmed cost forecasts for the full year.
** BREITBURN ENERGY PARTNERS LP, $22.23, -2.54 pct
** QR ENERGY LP, $20.5, +8.64 pct
Breitburn Energy offered to buy QR Energy for $1.46 billion to become one of the largest U.S. oil producers structured as a master limited partnership (MLP).
** GILEAD SCIENCES INC, $90.88, +0.60 pct
The drugmaker said on Wednesday that its new hepatitis C drug Sovaldi had sales of $3.5 billion in the second quarter, demonstrating that the furor over its price has not curtailed early use.
** UNITED CONTINENTAL HOLDINGS, $47.76, +3.83 pct
United Continental reported a stronger-than-expected second-quarter profit aided by higher prices and said it plans to buy back $1 billion of stock.
** SPECTRANETICS CORP, $26.67, +6.00 pct
The U.S. FDA cleared the medical device maker’s products - Turbo-Tandem and Turbo Elite - to treat in-stent restenosis (ISR), a condition in which a blockage recurs in an artery after usage of a stent. The company said over 115,000 ISR procedures were performed annually in the United States.
Of the nine analysts covering the stock, four had “strong buy”, four “buy”, with only one “sell” recommendation.
** RAYMOND JAMES FINANCIAL INC, $51.97, +3.44 pct
The brokerage and investment bank said on Wednesday that its quarterly profit jumped 46 percent from last year, driven by growth in its asset management business.
** HANESBRANDS INC, $101.59, +3.59 pct
The underwear maker raised its full-year adjusted earnings forecast to $5.20-$5.40 per share. The company’s second quarter earnings beat analysts’ average estimate, helped by benefits from recent acquisitions.
The company also bought Paris-based DBApparel last month and rival Maidenform Brands Inc last year. (Compiled by Shubhankar Chakravorty in Bangalore; Editing by Simon Jennings)