November 7, 2013 / 4:28 PM / in 4 years

MARKET PULSE-Twitter, Geron, Tesla, AMC, Fairway, Homeaway, Westell

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning Call newsletter, U.S. stocks fell on Thursday, as a drop in Qualcomm overshadowed earlier enthusiasm in the wake of an interest rate cut by the European Central Bank. The Dow Jones industrial average was down 0.26 percent, the S&P 500 was down 0.54 percent and the Nasdaq Composite was down 1.08 percent.

** TWITTER INC, $50.00, up 92 pct (11:00 a.m. ET)

The micro-blogging company’s stock soared 92 percent in their first day of trading on Thursday on the New York Stock Exchange as investors snapped up shares in the microblogging site, pushing its market value to a heady $25 billion.

** GERON CORP, $6.00, up 65 pct (10:11 a.m. ET)

The company said 22 percent of patients treated by its experimental blood cancer drug in a clinical trial were free of the disease, and its shares more than doubled in value in early trading.

** TESLA MOTORS, $143.70, down 5 pct (10:06 a.m. ET)

The electric car maker said a Model S electric car suffered its third fire in six weeks. The driver was not injured, the company added.

** AMC NETWORKS INC, $68.50, down 5.3 pct (11:14 a.m. ET)

The cable TV network third-quarter results missed Wall Street estimates as it spends more on programming to replace marquee shows such as “Breaking Bad”.

** INNERWORKINGS INC, $6.15, down 35 pct (10:06 a.m. ET)

The company, which delivers printed materials and promotional products to companies, reported third-quarter results below analysts’ estimates and cut its full-year forecast due to weakness at its production graphics business in Europe.

** NOVATEL WIRELESS INC, $2.17, down 25 pct (10:04 a.m. ET)

The company reported quarterly revenue that missed analysts’ estimates and the wireless equipment maker forecast fourth-quarter results below Street expectations, blaming rising competition at a customer.

** CELLDEX THERAPEUTICS INC, $27.18, up 26 pct (9:58 a.m. ET)

The company said an early-stage trial of its experimental cancer drug showed the treatment was well-tolerated, had a good safety profile and showed early signs of efficacy.

** DEXCOM INC, $33.32, up 22 pct (10:03 a.m. ET)

The medical device maker reported third-quarter revenue that was nearly double of analysts expected as sales rose for its products including continuous glucose monitoring systems. The company posted a smaller quarterly loss as well on Wednesday.

** ION GEOPHYSICAL CORP, $3.41, down 25 pct (9:50 a.m. ET)

The company, which processes seismic data for oil and gas producers, reported late on Wednesday an adjusted loss for the third quarter, compared with a profit a year earlier, due to weak demand for its marine proprietary software.

** FAIRWAY GROUP HOLDINGS CORP, $20.51, down 19 pct (10:52 a.m. ET)

The parent company of food retailer Fairway Market posted a larger-than-expected quarterly loss, hurt by higher costs.

** HOMEAWAY INC, $33.81, up 16 pct (11:13 a.m. ET)

The vacation rental company reported third-quarter results ahead of market estimates, helped by an increase in average revenue per listing, and forecast current-quarter revenue largely above expectations. At least three brokerages increased their price target while two others raised their rating on the company’s stock.

** ARCELORMITTAL SA, $16.8, up 3.8 pct (10:25 a.m. ET)

The world’s largest steelmaker said its two-year slump was over and prospects for 2014 were looking up, after higher U.S. steel shipments and mining output boosted third-quarter profits.

** ROSETTA STONE INC, $12.87, down 15.3 pct (11:00 a.m. ET)

The company, which makes language learning software, reported lower-than-expected third-quarter results on Wednesday, citing lower pricing and softness in its retail channel.

** HIGHER ONE HOLDINGS INC, $9.72, up 21.7 pct (10:28 a.m. ET)

The company, which provides payment processing services to colleges, universities and their students, reported better-than-expected third-quarter results, largely helped by a 75 percent rise in its payment transaction revenue, which accounted for one-fourth of total revenue in the quarter ended Sept. 30.

** CHECKPOINT SYSTEMS INC, $13.49, down 22.42 pct (10:42 ET)

The security software maker reported lower-than-expected earnings for the third quarter and lowered its full-year revenue forecast. The company expects revenue of $680 million-$695 million, down from $685 million to $700 million it had forecast earlier.

** WESTELL TECHNOLOGIES INC, $4.28, up 24 pct (9:59 a.m. ET)

The company, which provides equipment for telecom service providers, reported a second-quarter profit, compared with a loss a year earlier, helped by large customer deployments.

** FLEETMATICS GROUP PLC, $38.97, up 20 pct (10:00 a.m. ET)

The company, which sells web-based fleet-tracking software, reported better-than-expected third-quarter results, saying it was helped by “growth in new customers, increasing sales to existing customers and low churn.”

** LIVEPERSON INC, $10.72, up 17.6 pct (9:59 a.m. ET)

The chat software provider reported better-than-expected quarterly results as it added 55 customers. Revenue rose 14 percent to $45.2 million in the third quarter.

** BIOSCRIP INC, $5.91, down 18 pct (10:02 a.m. ET)

The infused-drugs provider lowered by $15 million the high-end of its full-year revenue outlook range, citing continued weakness in the non-core pharmacy benefit management and home health services businesses. BioScrip now expects full-year revenue of $830-$850 million. The company broke even on a per-share basis in the third quarter, while analysts had expected a profit of 3 cents per share, according to Thomson Reuters I/B/E/S.

** LAREDO PETROLEUM HOLDINGS INC, $27.78, down 12 pct (10:32 a.m. ET)

The company’s oil production fell below analysts’ estimates in the third quarter, according to analysts at Simmons & Co. The company said oil would make up 57 percent of its fourth-quarter output, lower than its previous outlook of 60 percent.

** PENN WEST PETROLEUM LTD, $8.64, down 8 pct (10:18 a.m. ET)

Four brokerages downgraded the stock after the Canadian oil producer said on Wednesday it aimed to sell assets worth up to $2 billion before 2015 to focus on projects centered on the Cardium field in Alberta. Analysts at RBC Capital Markets cut their price target on Penn West’s stock, citing the company’s forecast of lower production and cash flow into 2014-15.

** ENERGY RECOVERY INC, $4.85, down 13 pct (10:20 a.m. ET)

The company, which manufactures devices to harness reusable energy, posted a bigger-than-expected quarterly loss due to delay in shipments.

** MATADOR RESOURCES CO, $19.14, up 6 pct (10:06 a.m. ET)

The company reported a better-than-expected profit on Wednesday, helped by strong production in the Eagle Ford shale field and lower operating costs. The company also raised its output forecast for the full year.

** QUALCOMM INC, $67.22, down 3.6 pct (09:59 a.m. ET)

Qualcomm forecast revenue below expectations on Wednesday and said it would curb fast-growing operating expenses, stoking concerns the leading mobile chipmaker faces tough competition in Asia. At least four brokerages cut their price taregts on the stock. “The headwinds here are similar to peers and not particularly shocking, though we had hoped for better,” Morgan Stanley analysts wrote in a note.

** CHINA SUNERGY CO LTD, $7.81, down 17.7 pct (10:01 a.m. ET)

Solar panel maker said its shipments fell in the third quarter from the second quarter, due to tight credit in China that hurt its ability to buy raw materials.

** AMERICAN EAGLE OUTFITTERS INC, $15.92, up 8 pct (10:00 a.m. ET)

The teen apparel retailer said it expects third-quarter profit above analysts’ estimates due to better-than-expected margins.

** AGENUS INC, $2.62, up 10 pct (10:04 a.m. ET)

The company said a trial of its experimental genital herpes vaccine reduced the rate at which patients released the virus, reducing the likelihood of infecting others.

** NOODLES & CO, $42.26, down 9 pct (9:57 a.m. ET)

The restaurant operator reported lower-than-expected revenue in its second quarter as a public company, citing a tepid consumer spending environment.

** WHOLE FOODS MARKET INC, $58.27, down 9 pct (9:56 a.m. ET)

The company lowered its sales forecast for fiscal 2014, citing price cuts to keep up with competitors.

** TETRAPHASE PHARMACEUTICALS INC, $10.48, down 7 pct (9:55 a.m. ET)

The company priced an offering of 4.5 million shares at $10 each, about 12 percent below the stock's closing price on Wednesday. (

** SOLARCITY CORP, $53.60, down 10 pct (9:55 a.m. ET)

The U.S. solar installer reported quarterly results in line with the raised view it gave in October, but shares fell as some investors cashed in on the stock’s 60 percent runup since that outlook.

** WENDY‘S CO, $8.17, down 10 pct (9:52 a.m. ET)

The second-largest U.S. hamburger chain reported lower-than-expected quarterly revenue even as losses narrowed due to lower costs and new menu items like Pretzel Bacon Cheeseburger.

** CORONADO BIOSCIENCES INC, $1.47, down 10 pct (9:52 a.m. ET)

The company said its German partner discontinued a mid-stage study of its inflammatory bowel disease treatment due to lack of effectiveness.

** TRANSOCEAN LTD, $51.51, up 5 pct (9:51 a.m. ET)

The owner of the world’s largest offshore drilling fleet reported a larger-than-expected third-quarter profit due to increased demand for its rigs and higher rates.

** J.C. PENNEY CO INC, $8.20, up 6 pct (9:51 a.m. ET)

The company reported its first monthly same-store sales gain in nearly two years, as comparable sales rose 0.9 percent in October.

** ORASURE TECHNOLOGIES INC, $6.47, up 8 pct (9:49 a.m. ET)

The diagnostics devices maker reported better-than-expected results on Wednesday, mainly due to higher sales of its OraQuick In-Home HIV test, and forecast fourth-quarter results above estimates.

** STRATASYS LTD, $122.67, up 7 pct (9:47 a.m. ET)

The 3D printer maker reported better-than-expected third-quarter results, helped by revenue from MakerBot, the low-end consumer 3D printer maker it acquired in June, and raised its forecast for the year.

** CAREER EDUCATION CORP, $4.48, down 17 pct (9:46 a.m. ET)

The education services company reported late on Wednesday third-quarter results that missed analysts estimates as new enrollment fell 10 percent.

** TEMPUR SEALY INTERNATIONAL INC, $46.80, up 16 pct (9:45 a.m. ET)

The mattress maker third-quarter results comfortably beat Wall Street estimates, boosted by a revival in North American sales.

** RDA MICROELECTRONICS INC, $17.27, up 11 pct (9:42 a.m. ET)

U.S.-listed chipmaker said it received an $18 per share buyout offer from China’s state-owned Tsinghua Unigroup Ltd, which is funded by the Tsinghua University, marking it a second such bid in more than a month.

** TOLL BROTHERS INC, $33.98, up 4 pct (9:42 a.m. ET)

The company said it will buy the home building business of privately owned Shapell Industries Inc for about $1.60 billion in cash, in a deal that will give the largest U.S. luxury homebuilder more access to affluent real estate markets in California.

** JAMES RIVER COAL CO, $1.83, down 4 pct (9:40 a.m. ET)

The company said it idled four mines in eastern Kentucky in Central Appalachia and temporarily laid off about 200 employees as coal prices fall further.

** KULICKE AND SOFFA INDUSTRIES INC, $12.10. down 6 pct (9:36 a.m. ET)

The company reported a 36 percent drop in fourth-quarter revenue due to lower sales of semiconductor and LED assembly equipment.

** RADIAN GROUP INC, $14.07, down 3 pct (9:38 a.m. ET)

The mortgage insurer posted a quarterly loss, compared with a year-earlier profit, as it booked a loss on investments after a large net gain in the prior period.

** PRUDENTIAL FINANCIAL INC, $85.87, up 5 pct (9:43 a.m. ET)

The second-largest U.S. life insurer reported higher-than-expected adjusted quarterly profit, driven its retirement services and annuities business.

** MONDELEZ INTERNATIONAL INC, $32.69, down 2 pct (9:43 a.m. ET)

The packaged food company cut its full-year organic net revenue growth expectations to about 4 percent, from the 5-7 percent growth it forecast earlier. JP Morgan cut its price target on the stock by $1 to $37.

** INTEGRA LIFESCIENCES HOLDING CORP, $41.14, down 3 pct (9:45 a.m. ET)

The company said late on Wednesday it priced its public offering of 3.5 million shares at $40 each, below its closing price on Wednesday. Integra said it would use the net proceeds to buy additional shares, for general corporate purposes and to fund part of the amount for its acquisition of a unit of Covidien Plc.

** MRC GLOBAL INC, $29.34, down 4 pct (9:49 a.m. ET)

The supplier of pipes, valves and fittings, announced late on Wednesday a secondary public offering of 17.4 million shares by funds managed by the merchant banking division of Goldman Sachs Group Inc.

** INCYTE CORP, $36.25, down 3 pct (9:47 a.m. ET)

The drugmaker on Wednesday proposed to offer convertible senior notes of $350 million due 2018 and as much due 2020 in a private placement, the proceeds of which will partly be used buy back or retire Incyte’s debt. (Compiled by Natalie Grover; Editing by Don Sebastian)

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