July 30, 2015 / 1:55 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Skechers, Whole Foods, Facebook, Fiat

(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. stocks opened lower on Thursday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter. The Dow Jones industrial average was down 0.53 percent at 17,657.75, the S&P 500 was down 0.55 percent at 2,097.06 and the Nasdaq Composite was down 0.55 percent at 5,083.484.

** SKECHERS USA INC, $141.58, +10.23 pct

The sports shoe maker and retailer reported better-than-expected 36 percent rise in revenue for the second quarter, helped by pent-up demand following the end of labor disruptions at U.S. West Coast ports and increased shipments of back-to-school items.

** WHOLE FOODS MARKET INC, $35.98, -11.86 pct

The supermarket chain company said on Wednesday same-store sales growth cooled again in the third quarter, hurt by competition and an overcharging scandal in its New York City stores.

** QORVO INC, $60.5199, -14.12 pct

The radio frequency chip maker on Wednesday forecast revenue of $690 million-$710 million for the second quarter, way below average analysts’ estimate of $743.6 million.

** FACEBOOK INC, $93.48, -3.62 pct

Facebook reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth.

** FOUNDATION MEDICINE INC, $23.67, -19.22 pct

The diagnostics company forecast full-year revenue of $85 million-$95 million on Wednesday, below average analyst estimate of $105.9 million.

** LIVEPERSON INC, $9.67, +22.41 pct

The chat software firm posted revenue and profit above estimates for the second quarter on Wednesday, helped by the addition of 36 new customers and higher revenue per enterprise.

** PEGASYSTEMS INC, $25.88, +11.12 pct

The app development software maker posted better-than-expected profit and revenue for the second quarter on Wednesday, helped by higher license revenue.

** HOLOGIC INC, $41.09, +8.05 pct

The medical device maker posted better-than-expected profit and revenue for the third quarter on Wednesday, driven by accelerated adoption of its Genius 3D mammography systems.

** OSHKOSH CORP, $32.88, -15.80 pct

The specialty truck maker reported a weaker-than-expected quarterly profit, hurt by a strong dollar, and it cut its full-year profit forecast for the second time in a row.


The drug developer said its constipation drug, Plecanatide, which is its lead drug, was effective in both dosages tested, in second late-stage study.

** UNILIFE CORP, $2.03, +8.56 pct

The medical device maker on Wednesday introduced world’s first instant patch pumps to deliver insulin to treat type 2 diabetes.

** FIAT CHRYSLER AUTOMOBILES NV, $15.07, +3.79 pct

The automaker improved its full-year guidance for revenues and adjusted operating profit after better-than-expected second-quarter results, thanks to strong performance in North America.

** VALE SA, $5.71, +2.88 pct

The world’s biggest iron ore producer returned to profit in the second quarter, bolstered by higher output and cost cutting and keeping up pressure on Australian rivals in the fight for market share.

** NXP SEMICONDUCTORS NV, $97.465, +6.17 pct

NXP set to become Europe’s largest chipmaker after buying U.S.-based Freescale, booked an 89 percent rise in second-quarter net income driven by strong sales of payment chips, but forecast weak third-quarter growth in its auto unit.

** MONDELEZ INTERNATIONAL INC, $44.525, +3.31 pct

The cadbury chocolate and Oreo cookies maker reported its seventh straight quarter of lower net revenue, hurt by a strong dollar and falling sales in Europe, its biggest market.

** NCR CORP, $27.155, -10.62 pct

The ATM maker reported revenue slightly below average analyst estimate for the second quarter, hurt by the strong dollar.

** VIRGIN AMERICA INC, $30.92, +3.79 pct

The low-cost airline partly owned by Richard Branson reported a 76 percent jump in quarterly profit, helped by higher U.S. travel and lower fuel costs.

** PROCTER & GAMBLE CO, $77.8, -3.50 pct

The world’s largest consumer products maker reported its sixth straight fall in quarterly sales, as the stronger dollar continued to weigh on the value of sales from overseas markets.

** COLGATE-PALMOLIVE CO, $67.54, -2.02 pct

The personal care products maker reported its fourth straight quarter of sales decline as it continued to be weighed down by a stronger dollar that stripped the value of overseas sales.

** BUNGE LTD, $81.87, -4.37 pct

One of the world’s largest agricultural commodities traders reported a lower quarterly profit on weak year-on-year returns in its agribusiness segment and poor food and ingredients margins.

** CENOVUS ENERGY INC, $14.83, +3.20 pct

Canada’s No.2 independent oil producer slashed its quarterly dividend by 40 percent and said it would cut about 300 more jobs as it tries to keep a lid on costs amidst a slump in oil prices.

** FERRO CORP, $12.73, -17.07 pct

The specialty chemical maker on Wednesday cut its 2015 adjusted profit forecast to 82-87 cents per share from 89-96 cents.

** VANDA PHARMACEUTICALS INC, $11.9, +6.82 pct

The drugmaker shares posted a smaller-than-expected loss for the second quarter on Wednesday, driven by strong sales of its sleep disorder and schizophrenia drugs.

** GENTHERM INC, $48.81, -4.18 pct

The auto parts maker said on Wednesday its 2015 revenue will be “just below” the low-end of previously forecast range of a 10-15 percent rise over 2014 revenue of $811 million.

** T-MOBILE US INC, $37.94, +2.43 pct

The wireless operator reported a better-than-expected 14 percent jump in quarterly revenue as aggressive pricing helped it win more customers.

** METLIFE INC, $55.9, -2.31 pct

The biggest U.S. life insurer reported a 21 percent fall in quarterly profit, dragged down by $593 million in derivatives losses.

** PENN WEST PETROLEUM LTD, $1.34, +2.29 pct

Canadian oil producer Penn West Petroleum Ltd cut its 2015 capital budget for the second time as it looks to contain costs amid a steep fall in crude oil prices.

** BAIDU INC, $174.065, +2.39 pct

China’s biggest internet search engine company said on Thursday it will buy back shares worth $1 billion after the company’s stock price slid following a weak earnings report earlier this week.

** BANCO BRADESCO SA, $8.12, -1.81 pct

Brazil’s second-largest private-sector bank beat second-quarter profit estimates on Thursday after fee income came in stronger than expected and loan-loss provisions peaked despite an uptick in defaults. (Compiled by Ankit Ajmera in Bengaluru; Edited by Don Sebastian)

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