March 6, 2014 / 1:49 PM / in 4 years

MARKET PULSE-Staples, Pixelworks, AirMedia, Sangamo, China New Borun

(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 0.17 percent at 16,382, S&P 500 futures were up 0.14 percent at 1,875 and Nasdaq 100 futures were up 0.11 percent at 3,732.5.

** COSTCO WHOLESALE CORP, Wednesday close $116.47, -2.70 pct premarket

The warehouse retailer reported a bigger-than-expected 15 percent fall in profit as unusually deep discounting in the holiday shopping season hurt margins.

** STAPLES INC, Wednesday close $13.4, -12.54 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.

** PIXELWORKS INC, Wednesday close $4.8, +37.50 pct premarket

The company, which makes chips for digital display, disclosed in its annual regulatory filing on Wednesday that revenue from Apple Inc accounted for more than 10 percent of its total revenue in 2013.

This was the first time the company revealed the iPhone maker as a customer, while it was rumored earlier that the company could provide components for Apple’s yet-to-be-announced television, iTV.

** SANGAMO BIOSCIENCES, Wednesday close $19.61, +16.98 pct premarket

A strategy to genetically modify cells from people infected with HIV could become a way to control the virus that causes AIDS without using antiviral drugs, according to results from an early-stage trial that were published on Wednesday. Data from the small study of the Sangamo BioSciences therapy, known by the code name SB-728-T, were issued in the New England Journal of Medicine, the first publication of data from a human trial of a technology called “gene editing.”

** CHINA NEW BORUN CORP, Wednesday close $3.26, +34.97 pct premarket

The alcohol maker reported a 31 percent jump in fourth-quarter revenue and said it expects first-quarter revenue to rise about 11-18 percent from a year earlier.

** RIGNET INC, Wednesday close $51.39, +15.72 pct premarket

The company, which provides remote communications services to the oil and gas industry, reported a better-than-expected 21 percent jump in fourth-quarter revenue on Wednesday, as it served more sites and earned higher revenue per site.

** AIRMEDIA GROUP INC, Wednesday close $3.18, -11.95 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, +6.21 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.

** SYNACOR INC, Wednesday close $2.82

The company, which helps customers build content delivery portals, forecast lower-than-expected revenue for 2014 on Wednesday.

BMO Capital cut its price target on the stock to $3.50 from $4 on Thursday and said the company’s forecast reflects weaker search as more people upgrade to Windows 8, which automatically sets its own home page ahead of those pages that Synacor designs and maintains for its clients.

** ENDO HEALTH SOLUTIONS INC, Wednesday close $76.47, +2.65 pct premarket

The company said the U.S. Food and Drug Administration approved its thrice-rejected testosterone drug, Aveed, to treat male hypogonadism.

** CANADIAN NATURAL RESOURCES LTD, Wednesday close $36.88, +0.33 pct premarket

Canada’s No.2 oil and gas company reported a 17 percent rise in quarterly profit, helped by higher output at its Pelican Lake project in Alberta.

** CANADIAN SOLAR INC, Wednesday close $39.02, +1.85 pct premarket

The solar company said it has received C$48 million ($43 million) from Manufacturer’s Life Insurance Co to fund its Val Caron solar project in Ontario, Canada.

** CONSTELLIUM NV, Wednesday close $27.75, +1.62 pct premarket

The aluminum products maker said on Wednesday that one of its shareholders, an affiliate of Apollo Global Management LLC , has agreed to sell more than 12 million Constellium shares.

** ZOGENIX INC, Wednesday close $4.49, +0.22 pct premarket

The company reported better-than-expected revenue for the fourth quarter on higher sales of its migraine franchise and increased fee revenue from Valeant Pharmaceuticals International Inc related to its Migranal nasal spray.

The drugmaker posted fourth-quarter revenue of $9.9 million, beating the average analyst estimate of $8.68 million, according to Thomson Reuters I/B/E/S.

** EXXON MOBIL CORP, Wednesday close $93.8

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, +0.44 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, +14.11 pct premarket

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

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, +0.45 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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