December 18, 2014 / 2:08 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Silicon Image, Tetraphase, Agenus

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures surged on Thursday, putting the S&P 500 on track to extend gains from the prior session, as oil prices showed hints of stabilizing and ahead of data on the labor market. U.S. stock index e-mini futures were up on Thursday: Dow Jones industrial average futures were up 1.28 percent at 17,576, S&P 500 futures were up 1.29 percent at 2,040.25 and Nasdaq 100 futures were up 1.40 percent at 4,221.

** SILICON IMAGE INC, Wednesday close $6.74, -24.78 pct premarket

The chipmaker said it expects revenue to fall 10 percent in 2015 due to fewer mobile design wins from one its largest customers.

** TETRAPHASE PHARMACEUTICALS INC, Wednesday close $33.19, +15.40 pct premarket

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.

** DUNKIN’ BRANDS GROUP INC, Wednesday close $46.22, -7.38 pct premarket

The Dunkin’ Donuts restaurant operator cut its 2015 forecast for same-store sales growth in the United States and operating income growth, citing slowing sales of packaged coffee in its restaurants.

** AGENUS INC, Wednesday close $3.35, +14.33 pct premarket

The biotechnology company said an experimental vaccine against shingles by its partner GlaxoSmithKline met its goal in a late-stage study. Agenus will get royalties on potential commercial sales of the vacine.

** JABIL CIRCUIT INC, Wednesday close $20.07, +6.18 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, +6.00 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.

** WINNEBAGO INDUSTRIES INC, Wednesday close $23.85, -6.92 pct premarket

The maker of motorhomes and camping trailers reported a lower-than-expected profit as a shortage of workers at a key plant in rural Iowa and trouble sourcing key components from suppliers stymied production of the company’s recreational vehicles.

** ACCENTURE PLC, Wednesday close $85.3, +3.17 pct premarket

The consulting and outsourcing company raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue. The company said it expects revenue growth of 5-8 percent for the year ending August on a local currency basis, up from the 4-7 percent growth it had estimated earlier.

** RITE AID CORP, Wednesday close $6.06, +13.37 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.

** AK STEEL HOLDING CORP, Wednesday close $5.56, +10.25 pct premarket

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

** THE PANTRY INC, Wednesday close $35.52, +2.25 pct premarket

Canadian convenience store operator Alimentation Couche-Tard Inc will buy the Kangaroo Express chain operator for about $861 million to boost its presence in the southeastern and Gulf Coast regions. Couche-Tard offered $36.75 per share for Pantry, which represents a premium of 3.5 percent to the stock’s Wednesday close. Including debt, the deal is valued at $1.7 billion. Pantry stock jumped 23 percent on Wednesday after the Wall Street Journal reported that the company was nearing a deal to sell itself through an auction.

** NATIONAL BANK OF GREECE, Wednesday close $1.99, -4.02 pct premarket

The largest Greek bank’s U.S.-listed shares down in premarket trading on Thursday after first-round presidential vote in Greece saw Prime Minister Antonis Samaras lose by larger-than-expected margin.

** BLACKBERRY LTD, Wednesday close $9.98, +1.90 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.

** EXXON MOBIL CORP, Wednesday close $89.02, +1.44 pct premarket

** CHEVRON CORP, Wednesday close $106.02, +1.80 pct premarket

** CONOCOPHILLIPS, Wednesday close $66.94, +2.84 pct premarket

** CHESAPEAKE ENERGY CORP, Wednesday close $18.68, +3.96 pct premarket

Oil company stocks rise after Brent crude jumps 3.3 percent to above $63/bbl, extending a rebound from 5-year lows this week as more energy firms cut investment in new production.

** HERTZ GLOBAL HOLDINGS INC, Wednesday close $21.31, +4.27 pct premarket

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, +0.28 pct premarket

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)

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