February 6, 2015 / 2:03 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Exelis, Twitter, LinkedIn, Pandora Media

7 Min Read

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures rose on Friday: Dow Jones industrial average futures were up 0.39 percent at 17,853, S&P 500 futures were up 0.34 percent at 2,062 and Nasdaq 100 futures were up 0.28 percent at 4,259.25.

** TWITTER INC, Thursday close $41.26, +11.73 pct premarket

The microblogging website company said on Thursday that it was signing up users as quickly as most of last year after a fourth-quarter slowdown. Twitter beat Wall Street's profit and revenue targets in the fourth quarter. User growth weakened in the quarter, but picked up in the new year, Chief Executive Dick Costolo said in a statement.

At least 12 brokerages raised their target price by as much as $10 to as high as $67.

** LINKEDIN CORP, Thursday close $237.97, +10.76 pct premarket

The corporate networking site reported a higher-than-expected 44 percent jump in quarterly revenue as more businesses used its services to assess candidates for employment.

** GOPRO INC, Thursday close $54.37, -12.86 pct premarket

The action camera maker forecast a current-quarter profit that could miss Wall Street expectations and said its chief operating officer was resigning.

** ALCATEL-LUCENT SA, Thursday close $3.67, +1.63 pct premarket

The telecom equipment maker pledged to lift profitability again this year through cost cuts after six straight quarters of gross margin improvements and also plans to list its undersea cables business in the second half.

** PETROLEO BRASILEIRO SA, Thursday close $7.11, -7.74 pct premarket

The Brazilian oil company will tap current Banco do Brasil SA Chief Executive Aldemir Bendine as its next CEO, according to a report from GloboNews television on Friday.

** EXPEDIA INC, Thursday close $88, -8.05 pct premarket

The travel services company's fourth-quarter profit fell more than 30 percent from a year ago, well below analysts' expectations, partly due to the stronger dollar and intense competition in China.

** TROVAGENE INC, Thursday close $5.85, -19.66 pct premarket

The cancer monitoring device maker announced an offering of 4.4 million shares to raise $20 million.

** PANDORA MEDIA INC, Thursday close $18.41, -17.82 pct premarket

The online music streaming service's sales fell short of market estimates in the holiday quarter, hurt by weaker-than-expected advertising revenue.

** TEMPUR SEALY INTERNATIONAL INC, Thursday close $55.85, -9.58 pct premarket

The mattress maker forecast 2015 earnings of $2.70-$3.10 per share, below the average analyst estimate of $3.34, according to Thomson Reuters I/B/E/S.

** GRUBHUB INC, Thursday close $39.76, +1.11 pct premarket

The company forecast better-than-expected revenue for the current quarter, bolstered by two acquisitions that will allow it to deliver food from 3,000 restaurants direct to U.S. customers.

At least 7 brokerages raised their price targets on the stock by as much as $6 to as high as $50.

** CBOE HOLDINGS INC, Thursday close $65.14, -3.15 pct premarket

The operator of the largest U.S. stock-options market reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes.

** GILEAD SCIENCES INC, Thursday close $99.9, -0.90 pct premarket

Credit Suisse cut its rating on the biotech company's stock to "neutral" from "outperform" and reduced price target by $15 to $115, citing lower revenue from the company's hepatitis C drugs in the medium- and long-term.

Gilead said late on Tuesday that it would give health insurers and pharmacy benefit managers discounts of 46 percent on its hep C drugs to win market share from rival AbbVie Inc . Investors and analysts including Bernstein's Geoffrey Porges had expected discounts closer to 25 percent.

** NAVIOS MARITIME PARTNERS LP, Thursday close $13.71, -5.76 pct premarket

The dry cargo vessels operator said on Thursday it would offer 4 million common shares. The offer size represents about 5 percent of the company's outstanding shares as of Oct. 27, according to Thomson Reuters data.

** GLAXOSMITHKLINE PLC, Thursday close $45.95, +1.94 pct premarket

The UK-based drugmaker said its melanoma drug, which combines two of GSK's approved treatments, significantly reduced the risk of death in a post-approval study.

** BUFFALO WILD WINGS INC, Thursday close $180.29, +4.28 pct premarket

At least four brokerages raised their price targets on the restaurant operator's stock. The company reported weaker-than-expected fourth-quarter sales and profit but same-store sales rose 5.9 percent at company-owned restaurants.

** EBAY INC, Thursday close $54.29, -0.29 pct premarket

The e-commerce company raised its reported fourth-quarter net income by $87 million to reflect a reduction in income tax expense.

** HARRIS CORP, Thursday close $69.49, +6.49 pct premarket

** EXELIS INC, Thursday close $17.71, +35.80 pct premarket

Harris said it would buy Exelis in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense.

** ELIZABETH ARDEN INC, Thursday close $15.38, -2.47 pct premarket

The company reported a bigger-than-expected 20 percent drop in quarterly revenue, citing lower sales of its celebrity fragrances and changes to the way its beauty products are distributed in China.

** VERIZON COMMUNICATIONS INC, Thursday close $47.86, +1.13 pct premarket

** FRONTIER COMMUNICATIONS CORP, Thursday close $7.7, +3.90 pct premarket

Verizon said it would sell its wireline assets to Frontier for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that would help it pay off recent wireless spectrum purchases.

** BLACKBERRY LTD, Thursday close $10.09, -0.79 pct premarket

The U.S. Securities and Exchange Commission is investigating a Jan. 14 spike in trading in BlackBerry options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation.

** ACTIVISION BLIZZARD INC, Thursday close $21.82, -7.33 pct premarket

The videogame maker, known for its "Call of Duty" and "Destiny" titles, forecast revenue for the first quarter below market estimates, factoring in the impact of a strengthening dollar.{ID:nL4N0VF70H] (Compiled by Avik Das in Bengaluru; Editing by Kirti Pandey)

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