July 23, 2015 / 1:12 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-SanDisk, Logitech, GM, Cigna

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U.S. stock index futures were little changed on Thursday after two days of losses amid a raft of earnings results. Dow Jones industrial average futures were down 0.14 percent at 17,760, S&P 500 futures were down 0.04 percent at 2,107.25 and Nasdaq 100 futures were unchanged at 4,617.

** SANDISK CORP, Wednesday close $54.18, +12.11 pct premarket

Data storage products maker reported a quarterly profit that was double what analysts had expected, helped by higher retail sales and new products.

** LOGITECH INTERNATIONAL SA, Wednesday close $13.28, +12.42 pct premarket

The Swiss-American gadget maker posted better-than-expected quarterly revenue and earnings per share.

** GENERAL MOTORS CO, Wednesday close $30.3, +7.55 pct premarket

The automaker reported adjusted net income that more than doubled in the second quarter, driven by North American truck sales and continued strength in China.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Wednesday close $238.92, +5.09 pct premarket Canadian drugmaker reported a better-than-expected quarterly profit, helped by strength in its dermatology business in the United States.

** CIGNA INC, Wednesday close $151.07, +5.32 pct premarket

** ANTHEM INC, Wednesday close $155.1, +1.61 pct premarket

The U.S. health insurer Anthem is close to finalizing negotiations to acquire peer Cigna and could announce a roughly $48 billion deal as early as this week, two people familiar with the matter said on Wednesday.

** LAS VEGAS SANDS CORP, Wednesday close $54.96, +3.80 pct premarket

The casino operator said cost cutting at its Macau properties helped it post better second-quarter earnings, compared with the first quarter.

** SOUTHWEST AIRLINES CO, Wednesday close $35.12, +5.87 pct premarket

The Dallas-based airline reported second-quarter earnings per share slightly above analysts’ expectations but forecast that unit revenue will inch down in the third quarter as its capacity grows.

** DOW CHEMICAL CO, Wednesday close $50, +1.20 pct premarket

The company reported a better-than-expected quarterly profit as the company’s operating margins rose for the eleventh quarter in a row, helped largely by low raw material costs at its plastics-making business.

** FREEPORT-MCMORAN INC, Wednesday close $15.06, +3.65 pct premarket

The Diversified U.S. miner and energy company reported a sizeable second-quarter net loss on Thursday, reflecting a big write-down for the value of its oil and gas properties and slumping prices for the copper, gold and oil that it produces.

** MCDONALD‘S CORP, Wednesday close $97.58, +0.94 pct premarket

The company said it expects global comparable sales to rise in the current quarter, after four straight quarters of decline, as its new chief executive’s initiatives to boost sales start paying off along with a recovery in China.

** CHEESECAKE FACTORY INC, Wednesday close $55.12, +3.54 pct premarket

The Restaurant and bakery operator reported better-than-expected profit for the second quarter, helped by lower costs and higher sales at company-owned restaurants.

** QUALCOMM INC, Wednesday close $64.19, -2.40 pct premarket

The chipmaker said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition.

** AMERICAN EXPRESS CO, Wednesday close $78.99, -1.65 pct premarket

The Credit card issuer reported a better-than-expected second-quarter profit as it benefited from cost-savings after cutting jobs.

** DUNKIN’ BRANDS GROUP INC, Wednesday close $56.53, -2.35 pct premarket

The company reported a 11 percent rise in quarterly revenue, helped by more traffic at its Dunkin’ Donuts outlets and licensing fees from sales of its K-Cups coffee pods.

** CISCO, Wednesday close $27.53, +0.98 pct premarket

French media and entertainment technology group Technicolor said on Thursday it had signed an exclusive deal with Cisco to buy its home equipment business for 550 million euros ($602 million) in cash and stock.

** BOSTON SCIENTIFIC CORP, Wednesday close $18.02, +0.00 pct premarket

The Medical device maker, dogged by litigation expenses last year, reported a jump in quarterly profit.

** 3M CO, Wednesday close $155.41, -1.67 pct premarket

The Diversified manufacturer reported tepid second-quarter sales on Thursday and lowered its full-year forecasts for revenue and earnings due to slower-than-expected global growth.

** LAZARD LTD, Wednesday close $58.28

The Investment bank and asset manager reported a quarterly profit that handily beat analysts’ estimate as a jump in corporate dealmaking boosted its M&A advisory fees.

** BRISTOL-MYERS SQUIBB CO, Wednesday close $69.37, +1.70 pct premarket

The U.S. drugmaker reported far better than expected quarterly results thanks largely to delayed reimbursement for two hepatitis C treatments in France and demand for other leading company medicines.

** UNDER ARMOUR INC, Wednesday close $89.37, +4.78 pct premarket

The Sports apparel and footwear maker raised its full-year revenue and profit forecast for the second time in three months as strong demand for its celebrity-endorsed products helped the sportswear maker beat quarterly sales estimates.

** UNITED CONTINENTAL HOLDINGS INC, Wednesday close $57.07, +2.68 pct premarket

The company on Thursday forecast a drop in unit revenue and trimmed plans for capacity growth as the U.S. dollar weighs on demand abroad, but it announced new share buybacks because its profit continues to rise.

** CAESARS ENTERTAINMENT CORP, Wednesday close $4.76, -0.21 pct premarket

The company may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion.

** TEXAS INSTRUMENTS INC, Wednesday close $49.3, +0.99 pct premarket

The company forecast third-quarter revenue below analysts’ expectations due to weak demand for its chips used in PCs and industrial and communications equipment.

** ABB LTD, Wednesday close $20.39, +3.24 pct premarket

The company said on Thursday its net profit fell 8 percent in the second quarter due to a drop in demand for the Swiss company’s oil and gas products, slower-than-expected business in the United States, soft demand from China and a strong dollar.

** TECK RESOURCES LTD, Wednesday close $7.97, +2.26 pct premarket

The canadian miner reported a 21 percent fall in quarterly profit and cut its 2015 coal production forecast due to falling demand from China and increased supply from Australia.

** ELI LILLY AND CO, Wednesday close $86.38, +2.76 pct premarket

The drugmaker said quarterly sales rose for the first time in seven quarters, helped by demand for its new diabetes and cancer drugs as well as the acquisition of Novartis AG’s animal health business.

** ALASKA AIR GROUP INC, Wednesday close $75.83, +2.20 pct premarket

The operator of Alaska Airlines, reported a 42 percent rise in second-quarter profit, helped by increasing U.S. travel and low oil prices.

** PRECISION DRILLING CORP, Wednesday close $5.13

** PATTERSON-UTI ENERGY INC, Wednesday close $16.7

Two North American land drilling-rig operators issued positive outlooks on Thursday, highlighting the competitive advantage of drillers using newer, high-tech rigs.

** PULTEGROUP INC, Wednesday close $20.16, -0.79 pct premarket

The third largest U.S. homebuilder, reported a quarterly profit that more than doubled as costs nearly halved.

** NASDAQ OMX GROUP, Wednesday close $51.73

The Transatlantic exchange operator reported higher second-quarter earnings on Thursday, exceeding analysts’ estimates, as cost cuts offset the negative effects of changes in foreign exchange rates. (Compiled by Rosmi Shaji in Bengaluru; Edited by Don Sebastian)

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