December 18, 2014 / 12:28 PM / in 4 years

BUZZ-U.S. STOCKS ON THE MOVE-Pantry, Tetraphase, Apple, BlackBerry

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index e-mini futures were up on Thursday: Dow Jones industrial average futures were up 1.11 percent at 17,546, S&P 500 futures were up 1.12 percent at 2,036.75 and Nasdaq 100 futures were up 1.30 percent at 4,217.

** THE PANTRY INC, Wednesday close $35.52

The Convenience-store chain operator’s shares were halted ahead of a statement from Canadian convenience store operator Alimentation Couche-Tard Inc said it would buy the U.S. convenience store chain for $1.7 billion, including debt.

** TETRAPHASE PHARMACEUTICALS INC, Wednesday close $33.19, up 19 pct after market

The drug developer said its antibiotic to treat complicated intra-abdominal infections was as effective as Merck & Co Inc’s ertapenem in a late-stage study.

** APPLE INC, Wednesday close $109.41, +1.50 pct premarket

** GT ADVANCED TECHNOLOGIES INC, Wednesday close $0.48

GT Advanced altered its settlement with former partner Apple to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire maker told a court on Monday.

** JABIL CIRCUIT INC, Wednesday close $20.07, +5.58 pct premarket

The company, which makes phone casings for Apple Inc , forecasts second-quarter revenue above estimates, boosted by strong sales of iPhone 6 and 6 Plus. The company forecast second quarter core earnings of 39-50 cents per share, higher than analysts’ average estimate of profit of 38 cents per share.

** ORACLE INC, Wednesday close $41.16, +4.59 pct premarket

The software maker reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street’s expectations, as sales at its closely watched cloud services business rose 45 percent.

ACCENTURE PLC, Wednesday close $85.3, +1.50 pct premarket

The company reported a 7.3 percent rise in quarterly revenue, helped mainly by its outsourcing business. The company, which also has a large consulting division, said its net income rose to $882.2 million, or $1.29 per share, in the first quarter ended Nov. 30 from $800.9 million, or $1.15 per share, a year earlier.

** RITE AID CORP, Wednesday close $6.06, +6.27 pct premarket

The U.S. drugstore chain’s quarterly profit jumped 46.5 percent as higher sales of prescription drugs boosted same-store sales. The company’s net income rose to $104.9 million, or 10 cents per share, in the third quarter ended Nov. 29 from $71.6 million, or 4 cents per share, a year earlier.

** BLACKBERRY LTD, Wednesday close $9.98, +1.00 pct premarket

The Canadian mobile technology company launched its long-awaited Classic on Wednesday, a smartphone it hopes will help it win back market share and woo those still using older versions of its physical keyboard devices.

** ZAGG INC, Wednesday close $5.33, up 14.4 pct after market

The mobile accessories maker raised its full-year net sales forecast to $250 million-$255 million from previous range of $225 million-$235 million. The forecast also beat analysts’ average estimate of $232.5 million, according to Thomson Reuters I/B/E/S.

** AK STEEL HOLDING CORP, Wednesday close $5.56, up 6 pct after market

The steel maker said it expects fourth-quarter shipments to jump 37 percent compared with the the third quarter, helped by acquisitions and strong demand from auto industry.

** HERTZ GLOBAL HOLDINGS INC, Wednesday close $21.31, up 3.6 pct after market

Carl Icahn, the rental car company’s largest shareholder, raised stake in the company to 11.34 percent from 10.77 percent. Icahn revealed an 8.48 percent stake in Hertz in August; he has since ousted CEO Mark Frissora and won three board seats at the company.

** KIRBY CORP, Wednesday close $88.75, down 6.2 pct after market

The tank bank operator lowered fourth quarter earnings estimate to $1.10-$1.20 per share from $1.30-$1.40 per share. The company also lowered its full year earnings estimate to $4.84 to $4.94 per share from $5.04-$5.14 per share. (Compiled by Anannya Pramanick in Bangalore; Edited by Don Sebastian)

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