May 2, 2013 / 11:45 AM / 5 years ago

MARKET PULSE-GM, Manulife, Actavis, Facebook, Visa, Yelp

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May 2 (Reuters) - Some U.S. stocks to watch on Thursday:


U.S. stock index futures rose on Thursday ahead of the European Central Bank’s decision on interest rates and its assessment on the state of the euro zone’s economy. S&P 500 futures rose 0.25 percent, Dow Jones futures gained 0.16 percent Nasdaq 100 futures rose 0.28 percent at 1126 GMT.

** GENERAL MOTORS CO, Wednesday close $30.18

The U.S. automaker posted a stronger-than-expected quarterly profit on Thursday as its North American business was better and its loss in Europe was smaller than Wall Street estimated.

** MANULIFE FINANCIAL CORP, Wednesday close $14.65

Canada’s largest insurer reported a lower first-quarter profit on weak insurance sales and higher expenses.

** ACTAVIS INC, Wednesday close $104.39

The generic drugmaker formerly known as Watson Pharmaceuticals, reported an adjusted quarterly profit that beat market estimates, helped by new products, and the company raised its earnings forecast for the full year.

** FACEBOOK INC, Wednesday close $27.43, up 3 pct after market

The social network’s mobile advertising revenue growth gained momentum in the first three months of the year as it sold more ads to users on smartphones and tablets, partially offsetting higher spending which weighed on profits.

** VISA INC, Wednesday close $166.02, up 2 pct after market

The world’s largest credit and debit card network reported strong quarterly results as its customers spent more on its cards.

** YELP INC, Wednesday close $25.3, up 12 pct after market

The consumer review website reported quarterly results ahead of analysts’ estimates, helped by strength in its local and mobile advertising businesses, and it forecast second-quarter revenue above expectations.

** RENEWABLE ENERGY GROUP INC Wednesday close $9.91, up 16 pct after market

The biodiesel maker reported a 14 percent rise in first-quarter sales on demand from refiners for credits, or RINs, to comply with federal emission targets.

Canaccord Genuity upgraded the stock to “buy” and raised its price target to $12 from $9.

** INTEGRATED SILICON SOLUTION, Wednesday close $8.73, up 7 pct after market

The chipmaker, which designs and markets integrated circuits, reported higher-than-expected second-quarter results on Wednesday as demand rose in its industrial, medical, military and communications businesses.

** SEAGATE TECHNOLOGY, Wednesday close $36.94, up 5 pct after market

The hard disk drive maker reported better-than-expected quarterly results on higher sales of its internet storage devices, and said it expects demand and pricing in the business to rise in the second half.

** QUICKLOGIC CORP, Wednesday close $2.43, down 5 pct after market

The chipmaker reported a bigger-than-expected first-quarter loss and posted revenue below estimates on Wednesday, as a big consumer electronics company delayed orders for Quicklogic’s products.

** PGT INC, Wednesday’s close $7.58, up 6 pct after market

The company, which makes impact-resistant windows and doors for homes, reported better-than-expected first quarter results, as it gained $2.2 million from the sale of its Salisbury facility.

** GLU MOBILE INC, Wednesday close $3.01, down 4 pct after market

The mobile games maker reported a smaller-than-expected first-quarter loss on Wednesday, but forecast current-quarter revenue below estimates.

** NOVADAQ TECHNOLOGIES INC, Wednesday close $13.51, down 4 pct after market

The imaging technology company said it would sell $50.3 million common shares at $12.90 per share.

** CME GROUP INC, Wednesday close $60.13

The world’s largest futures exchange operator’s first-quarter profit fell from a year earlier, dragged down by a slump in trading in some of its more lucrative products.

** ELIZABETH ARDEN INC, Wednesday close $39.39

The beauty products company posted a third-quarter loss, but higher-than-expected sales that were helped in part by the popularity of celebrity fragrances named for stars like Nicki Minaj and by its push into international markets.

** CIGNA CORP, Wednesday close $65.38

The insurer on Thursday reported higher-than-expected quarterly earnings that benefited from its acquisition of Medicare specialist HealthSpring and international growth, particularly in South Korea.


Canada’s biggest publicly traded drugmaker reported a 12 percent rise in adjusted quarterly profit due to higher product sales and raised its full-year adjusted profit forecast.

** GILDAN ACTIVEWEAR INC, Wednesday close $40.67

The Canadian apparel maker reported a higher second-quarter profit, helped by lower cotton prices and higher sales across its printwear and branded businesses.

** CATAMARAN CORP, Wednesday close $57.01

The pharmacy benefit manager reported a higher-than-expected first-quarter profit, helped by the $4.4 billion acquisition of rival Catalyst Health Solutions.

** BOEING CO, Wednesday close $91.18

THe company has started offering its long-awaited 777X long-range jet, paving the way for a ‘mini-jumbo’ war with European rival Airbus, industry sources said on Wednesday.

** GOOGLE INC, Wednesday close $820.43

Executives from the company and its auditor, Ernst & Young, will again be called before a British parliament committee to testify on taxes, after a Reuters investigation highlighted inconsistencies in the way Google portrays its activities in Britain, the committee’s chairwoman told Reuters.

** METLIFE INC, Wednesday close $38.4

The largest U.S. life insurer reported a first-quarter profit, compared with a loss a year earlier, helped by lower derivative losses linked to its credit spreads.

** PHILLIPS 66, Wednesday close $59.67

The independent refiner expects North Dakota’s Bakken crude oil to be competitively priced to move via rail to East and West coast markets despite a narrowing of the U.S. crude benchmark’s price discount to London’s Brent, an executive told analysts on Wednesday.

** JAMES RIVER COAL CO, Wednesday close $2.13, down 3 percent after market

The coal miner reported a smaller-than-expected loss in the first quarter as the idling of various mines and lower production of more expensive metallurgical coal brought down costs. Total revenue, however, fell 36 percent due to a steep drop in prices, and coal shipments shrank by about 21 percent.

** CAESARS ENTERTAINMENT CORP, Wednesday close $15.20, down 3 percent after market

The casino operator reported first-quarter results on Wednesday that were much lower than Wall Street forecasts due to a drop in customer traffic at its casinos.

Chief Executive Gary Loveman said its Atlantic City casinos in particular struggled with economic and competitive pressures while overall, a nationwide slowdown in casino customer spending hurt first quarter results.

** GT ADVANCED TECHNOLOGIES INC, Wednesday close $3.86, down 2 percent after market

The solar and LED equipment maker reported a smaller-than-expected loss in the first quarter as costs fell sharply. The company, however, revised down its backlog by about $356 million to remove orders it had previously identified to be at risk.

** CBS CORP, Wednesday close $46.4, up 1 pct after market

The broadcaster reported a better-than-expected first-quarter profit, boosted by advertising during February’s Super Bowl telecast and a jump in revenue from Showtime and its other cable channels. (Compiled by Maria Ajit Thomas in Bangalore; Editing by Roshni Menon)

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