July 30, 2015 / 3:50 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Skechers, Qorvo, Facebook, Pegasystems

(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 fell in late morning trading on Thursday as earnings from Facebook and Procter & Gamble disappointed investors and data showed that the economy expanded at a slower-than-expected pace in the second quarter. The Dow Jones industrial average was down 0.17 percent at 17,721.26, the S&P 500 was down 0.18 percent at 2,104.82 and the Nasdaq Composite was down 0.06 percent at 5,108.492.

** SKECHERS USA INC, $146.1, +13.75 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.

** QORVO INC, $58.795, -16.57 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.

** WHOLE FOODS MARKET INC, $36.3999, -10.83 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.

** FACEBOOK INC, $93.97, -3.11 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, $22.03, -24.81 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, $9.62, +21.77 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, $27.355, +17.45 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, $41.97, +10.36 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, $36.29, -7.07 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.

** FIAT CHRYSLER AUTOMOBILES NV, $15.27, +5.17 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.

** CEMPRA INC, $41.25, -8.01 pct

The drug developer reported a bigger-than-expected loss for the second quarter, hurt by rise in costs.

** MONSTER WORLDWIDE INC, $6.61, +9.44 pct

The staffing website operator second-quarter revenue and profit beat the average analyst estimate, helped by a 20 percent rise in membership from the first quarter. The company’s office and general costs almost halved to $49.1 million in the second quarter.

** CROCS INC, $15.065, +6.62 pct

The U.S. footwear maker forecast lower-than-expected revenue for the third quarter ending September, as it continued to focus on narrowing its range of operations.

** ITT EDUCATIONAL SERVICES INC, $3.91, -31.04 pct

The for-profit education provider said new student enrollments fell 19 percent to 12.6 million in the second quarter.

** NXP SEMICONDUCTORS NV, $95.77, +4.32 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, $45.16, +4.78 pct

The Cadbury chocolate and Oreo cookies maker reported a better-than-expected quarterly profit, helped by lower costs, and boosted its share buyback plan by $6 billion.

** MARATHON PETROLEUM CORP, $53.44, -4.25 pct

Marathon Petroleum reported a weaker-than-expected quarterly profit, hurt by a decline in refining margins as the company’s crude costs remained high.

** NCR CORP, $27.02, -11.06 pct

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

** VIRGIN AMERICA INC, $32.5552, +9.28 pct

The low-cost airline, partly owned by Richard Branson, reported a better-than-expected second-quarter profit, helped by higher U.S. travel and lower fuel costs.

** PROCTER & GAMBLE CO, $77.74, -3.57 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, $68.09, -1.22 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, $80.96, -5.43 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.

** FERRO CORP, $14.08, -8.27 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, $12.2, +9.52 pct

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

** MARATHON PETROLEUM CORP, $53.44, -4.25 pct

Marathon Petroleum reported a weaker-than-expected quarterly profit, hurt by a decline in refining margins as the company’s crude costs remained high.

** T-MOBILE US INC, $38.5, +3.94 pct

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

** UNILIFE CORP, $2.005, +7.22 pct

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

** METLIFE INC, $56.16, -1.85 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, $1.39, +6.11 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, $174.005, +2.35 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.

** TRIUMPH GROUP INC, $55.07, -2.20 pct

At least 5 brokerages cut price target on the aero parts supplier’s stock by as much as $7 to as low as $63 after company reported a lower-than-expected profit and revenue for the first quarter.

** AK STEEL HOLDING CORP, $3.305, +2.01 pct

J.P. Morgan Securities raised its rating on U.S. steelmaker’s shares to “overweight”, according to Theflyonthewall.com. (Compiled by Ankit Ajmera in Bengaluru; Edited by Don Sebastian)

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