November 6, 2013 / 1:32 PM / 4 years ago

MARKET PULSE-Suntech, Tesla, Vimpelcom, Curis, Blucora, Ralph Lauren

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning Call newsletter,

Nov 6 (Reuters) - U.S. stock index futures rose on Wednesday on the possibility the Federal Reserve may keep stimulus measures in place longer than anticipated ahead of data key later this week on the labor market and economic growth. S&P 500 futures rose 8.8 points. Dow Jones industrial average futures gained 67 points and Nasdaq 100 futures added 12.25 points.

** SUNTECH POWER HOLDINGS CO LTD, Tuesday close $1.50, down 34 pct premarket

Suntech, once the world’s largest maker of solar panels, said it had filed an application for provisional liquidation in the Cayman Islands, where the New York-listed Chinese company is incorporated.

** TESLA MOTORS INC, Tuesday close $176.81, down 10.3 pct premarket

The company forecast a weaker-than-expected fourth-quarter profit and posted third-quarter Model S deliveries that disappointed some analysts as the electric car maker struggled to meet demand because of limited capacity.

** VIMPELCOM LTD, Tuesday close $14.33, down 11.3 pct premarket

The telecoms group, with assets in Russia, Italy and various emerging markets, said its third-quarter earnings fell 53 percent, hit by a tax expense as well as regulatory and competitive pressures.

** CURIS INC, Tuesday close $3.89, down 10.5 pct premarket

The company said it had been stopped from enrolling any new patients in an early stage trial of its experimental cancer drug following the death of a patient who had liver failure.

** BLUCORA INC, Tuesday close $24.19, up 10.5 pct after market

The online tax preparer and search services provider reported better-than-expected third-quarter revenue, helped by an 18 percent growth in its search business.

** AUXILIUM PHARMACEUTICALS INC, Tuesday close $17.29, up 5.5 pct premarket

The company reported a better-than-expected adjusted quarterly profit, boosted by strong drug sales from a recently acquired company, and narrowed its full-year revenue forecast range.

** CYTORI THERAPEUTICS INC, $3.35, down 6 pct premarket

The medical device maker’s stock rose 38 percent on Tuesday after it said it would receive up to $531 million from Chinese company Lorem Vascular as license fee for its stem cell therapy that removes fat cells from a patient’s body. Lorem will market the therapy in Asia-Pacific.

** RALPH LAUREN CORP, Tuesday close $171.19, up 3 pct premarket

The retailer raised its full-year sales forecast on the expectation of strong gains during the holiday quarter, and raised its dividend.

** VALUECLICK INC, Tuesday close $19.94, down 6.6 pct premarket

The online advertising company reported weaker-than-expected third-quarter results as revenue fell in its media business, which accounted for over two-thirds of total revenue in the quarter ended Sept. 30.

Wedbush Securities Inc and Cantor Fitzgerald lowered their price targets on the stock.

** OPENTABLE INC, Tuesday close $71.10, up 4 pct premarket

The company, which allows diners to reserve tables at restaurants online, forecast fourth-quarter revenue largely above expectations and said it would strengthen its mobile platform.

** TANGOE INC, Tuesday close $18.96, down 19.3 pct after market

The telecommunications software company lowered its full-year revenue forecast to $188.8 million-$189.3 million from $189 million-$191 million, citing a delay in implementation of some large customer contracts.

** BIOTELEMETRY INC, Tuesday close $9, up 12.2 percent after market

The medical technology company reported a surprise third-quarter profit due to strong volume growth in its services business that monitors heart rhythm disorders.

** RENEWABLE ENERGY GROUP INC, Tuesday close $11.77, up 10 pct after market

The biofuel maker reported a profit for the third quarter late on Tuesday, compared with a loss a year earlier, as it sold a record 77.6 million gallons of biodiesel. Revenue rose 42 percent to $458 million.

** MYRIAD GENETICS INC, Tuesday close $25.18, up 9 pct after market

The molecular diagnostics company raised its full-year forecast well above analysts’ estimates on Tuesday after reporting a better-than-expected first-quarter profit. Sales of Myriad’s cancer detection tests shot up. Myriad also said its board authorized a new $300 million stock buyback program that expands the company’s total buyback program to $1 billion.

** MERCADOLIBRE INC, Tuesday close $133.80, down 9 pct premarket

The Latin American e-commerce company reported a lower-than-expected third-quarter profit on Tuesday as operating expenses rose 31 percent.

** SUNEDISON INC, Tuesday close $10.38, up 4 pct premarket

The company reported a quarterly loss, compared with a year-earlier profit, due to lower prices for its solar power plants and a drop in sales of solar panels.

** ABERCROMBIE & FITCH CO, Tuesday close $38.31, down 6 pct premarket

** AEROPOSTALE INC, Tuesday close $9.2, down 4.8 pct after market

** AMERICAN EAGLE OUTFITTERS INC, Tuesday close $15.25, down 3.6 pct after market

Clothing retailer Abercrombie & Fitch reported another double-digit drop in quarterly same-store sales and warned of a tough holiday season, as the teen retailer struggles with the changing tastes of young shoppers.

Jefferies cut its price target on the stock to $45 from $50.

** SALEM COMMUNICATIONS CORP, Tuesday close $8.40, up 6.5 pct after market

The radio broadcaster reported a nearly 60 percent jump in quarterly profit on Tuesday, helped by higher internet revenue.

** ZELTIQ AESTHETICS INC, Tuesday close $15.34, down 6 pct after market

The medical device maker announced a public offering of 4.5 million shares, all of which were being offered by selling stockholders. Goldman Sachs & Co and J.P. Morgan Securities were acting as joint book-running managers for the offering.

** RESPONSYS INC, Tuesday close $16.14, up 5.6 pct after market

The company, which provides marketing software and online services, reported better-than-expected results on Tuesday as subscription revenue jumped 24 percent.

** INTERACTIVE INTELLIGENCE GROUP INC, Tuesday close $57.80, up 5.5 pct after market

The telecom software maker reported better-than-expected third-quarter results on Tuesday as demand rose for its cloud-based software.

** QEP RESOURCES INC, Tuesday close $33.28, down down 5.3 pct after market

The oil producer, which is under pressure from activist investor Jana Partners LLC, posted a lower-than-expected profit on Tuesday as a jump in commodity prices failed to offset a dip in production.

** GULFPORT ENERGY CORP, Tuesday close $60.53, up 5.2 pct after market

Analysts at Jefferies raised their price target on the oil and gas producer’s stock to $82 from $78 on Tuesday, citing the company’s better-than-expected quarterly profit due to lower lease expenses. Analysts said the company’s product mix outlook, which included 50 percent to 70 percent of natural gas, is highly economic.

** SUCAMPO PHARMACEUTICALS INC, Tuesday close $6.48, up 5 pct after market

The drugmaker raised its full-year 2013 earnings forecast on Tuesday after higher product sales and lower expenses helped it beat average profit estimate for the third quarter.

** ANGLOGOLD ASHANTI LTD, Tuesday close $14.63, up 5 pct premarket

Africa’s top bullion producer, plans to turn its Obuasi mine in Ghana into a mechanised operation in a bid to restore its profits and viability, the company’s chief operating officer said on Wednesday.

** DAVITA HEALTHCARE PARTNERS INC, Tuesday close $56.53, down 4 pct premarket

The largest U.S. operator of dialysis clinics reported third-quarter results that was in line with analysts’ expectations on Tuesday. Operating expenses and charges rose substantially to about $2.62 billion in the quarter, Davita said in a statement. The company also narrowed its full-year operating income outlook.

** KINDRED HEALTHCARE INC, Tuesday close $14.91, down 4 pct after market

The hospital operator slashed its 2013 earnings forecast to a range below analysts’ estimates on Tuesday, after reporting much lower-than-expected third-quarter results, citing sequestration and lower patient volumes that hurt revenue.

** JAZZ PHARMACEUTICALS PLC, $92.62, down 3 pct after market

The biopharmaceutical company posted better-than-expected quarterly results on strong sales of its drugs Xyrem and Erwinaze, but narrowed the range of its full-year revenue forecast. Jazz now expects to report revenue of $867-$877 million, compared with its prior view of $860-$880 million.

** VIVUS INC, Tuesday close $9.41, down 3 pct after market

The drugmaker reported a bigger-than-expected loss for the third quarter due to higher marketing expenses for its weight-loss pill Qsymia and charges related to a proxy contest with its biggest shareholder First Manhattan Co.

Chief Executive Seth Fischer said the company has reduced its workforce by 17 percent and has begun a process to seek European approval for the weight loss pill, which the region’s regulators have earlier rejected on safety grounds.

** 21ST CENTURY FOX INC, Tuesday close $34.09, down 2 pct premarket

Rupert Murdoch’s TV and film company reported quarterly earnings on Tuesday that missed Wall Street expectations, hurt by investments in new cable channels and a weaker performance from its movie releases.

** TIME WARNER INC, Tuesday close $68.23, up 2.5 pct premarket

The company posted higher third-quarter profit, beating Wall Street estimates, on growth in advertising and subscription fees at its cable networks.

** MAGNA INTERNATIONAL INC, Tuesday close $84.97

The Canadian auto parts manufacturer reported a nearly 13 percent rise in quarterly sales as its European business improved. Magna, which has been working to turn around inefficient operations in Europe amid the region’s soft recovery, also raised the low end of it production sales outlook for 2013.

** COEUR MINING INC, Tuesday close $12.07, up 1 pct premarket

The largest U.S.-based silver miner is expected to report lower quarterly sales due to fall in production. The company, which is grappling with depressed metal prices like others precious-metal miners, may talk of plans to cut costs and of margin expectations.

** NGL ENERGY PARTNERS LP, Tuesday close $31.53

The propane gas supplier said it would buy Gavilon LLC, a pipeline company partly owned by funds managed by Soros Fund Management, for $890 million.

** PENN WEST PETROLEUM LTD, Tuesday close $11.08

The Canada-based company said it aims to sell non-core assets worth $1.5 billion to $2 billion before 2015 as part of a plan to focus on fewer fields centered on the Cardium field in Alberta. (Compiled by Natalie Grover; Editing by Don Sebastion)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below