March 6, 2014 / 12:47 PM / 4 years ago

MARKET PULSE-Costco, Staples, AirMedia, Logitech

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures ticked higher on Thursday ahead of labor and factory data, while developments in the Ukrainian crisis kept traders on edge. Dow Jones industrial average futures were up 0.19 percent at 16,386, S&P 500 futures were up 0.14 percent at 1,875.1 and Nasdaq 100 futures were up 0.07 percent at 3,730.75.

** COSTCO WHOLESALE CORP, Wednesday close $116.47, -2.02 pct premarket

The warehouse retailer’s quarterly profit fell 15 percent, missing analysts’ estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.

** STAPLES INC, Wednesday close $13.4, -9.18 pct premarket

The largest U.S. office supplies retailer forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015.

** AIRMEDIA GROUP INC, Wednesday close $3.18, -15.09 pct premarket

The company, which provides advertising services at airports and on planes in China, reported a 7 percent drop in fourth-quarter revenue on Wednesday, primarily due to termination of certain low-margin contracts.

** LOGITECH, Wednesday close $15.93, +6.09 pct premarket

The computer accessories maker raised its guidance for the fiscal year starting in April and said the current year’s performance would be at the upper end of its outlook, signs its focus on accessories for tablets and smartphones is paying off.

** EXXON MOBIL CORP, Wednesday close $93.8, -0.31 pct premarket

The world’s largest publicly traded energy company said on Wednesday it expects oil and natural gas production to be flat this year as overall spending falls 6 percent to about $39.8 billion.

** EBAY INC, Wednesday close $58.86, +0.48 pct premarket

EBay’s CEO John Donahoe said on Wednesday that several of the online retailer’s most active shareholders have assured him they support his efforts to resist demands by activist investor Carl Icahn for a spin-off of the PayPal unit.

** ENERGY RECOVERY INC, Wednesday close $4.75

The company, which makes devices to harness reusable energy, reported a better-than-expected fourth-quarter profit, helped by higher project shipments and lower operating expenses.

** KINROSS GOLD CORP, Wednesday close $5.06, -0.79 pct premarket

Kinross Gold said unionized employees went on strike at its Maricunga mine in Chile, forcing the Canadian miner to suspended operations at the site.

** JOY GLOBAL INC, Wednesday close $55.79

The mining equipment maker reported a 66 percent fall in quarterly profit as coal miners struggling with oversupply cut spending.

** DIRECTV, Wednesday close $78.1

** WALT DISNEY CO, Wednesday close $82.68, +0.63 pct premarket

DirecTV is in talks with Walt Disney to license the rights to offer Disney’s broadcast and cable channels as part of an Internet-based product, DirecTV said on Wednesday.

** GENERAL MOTORS CO, Wednesday close $37.52

General Motors is moving to learn more internally about its handling of the recall of ignition switches linked to 13 deaths, including questioning employees involved in the process from the start, according to two people familiar with the situation.

** TARGET CORP, Wednesday close $60.6

The company announced an overhaul of its information security practices and the resignation of its chief information officer as the retailer tries to reassure customers and investors after a massive data breach late last year.

** CHESAPEAKE ENERGY, Wednesday close $25.5

** ENCANA CORP, Wednesday close $19.58

The oil and gas giants were charged on Wednesday with colluding to keep oil and gas lease prices artificially low in Michigan, state Attorney General Bill Schuette said. (Compiled By Neha Dimri in Bangalore; Edited by Maju Samuel)

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