July 30, 2015 / 6:43 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Ehealth, Nutrisystem, Skechers, Facebook

(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 0.10 percent at 17,734.09 and the S&P 500 was down 0.09 percent at 2,106.72.

** EHEALTH INC, $15.75, +24.31 pct

The private health insurance exchange operator reported better-than-expected profit and revenue for the second quarter on strong growth in new sales of its Medicare products.

** INTELSAT SA, $9.64, +26.18 pct

The satellite services provider posted a better-than-expected revenue and profit for the second quarter.

** LINN ENERGY, $4.79, -25.85 pct

** LINNCO LLC, $4.4524, -28.65 pct

Linn Energy reported a lower-than-expected second quarter profit and revenue, mainly due to lower commodity prices and higher expenses.

Linn Energy also said it would suspend its distribution and unit LinnCo’s dividend at the end of third quarter to save about $450 million a year.

** INVESTMENT TECHNOLOGY GROUP, $18.42, -23.25 pct

The brokerage said it would post its first loss in 10 quarters due to a reserve for a probable U.S. SEC settlement.

** NUTRISYSTEM INC, $31.26, +24.00 pct

The weight management products maker reported its sixth straight quarter of better-than-expected profit and revenue, and hiked its 2015 revenue and profit forecast for second time on strong sales of its dietary products.

** OPEN TEXT CORP, $45.41, +20.68 pct

The Canadian business software maker reported a better-than-expected revenue for the first time in four quarters as it closed more big contracts.

** SKECHERS USA INC, $147.56, +14.89 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, $61.655, -12.51 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.

** MAKEMYTRIP LTD, $15.78, -18.45 pct

The Indian travel operator reported a loss of 9 cents per share for the second quarter when the analysts were expecting it to break even.

** WHOLE FOODS MARKET INC, $35.795, -12.31 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, $95.12, -1.93 pct

The social media comapny’s shares fell as much as 5 percent on Thursday, after its weak advertising sales growth outlook dampened investor expectations boosted by Google Inc’s strong report earlier this month.

** FOUNDATION MEDICINE INC, $22.11, -24.54 pct

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

** PEGASYSTEMS INC, $27.25, +17.00 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, $41.51, +9.15 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, $37.005, -5.24 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.

** LIVEPERSON INC, $9.43, +19.37 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.

** ITT EDUCATIONAL SERVICES INC, $4.01, -29.28 pct

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

** PENN VIRGINIA CORP, $1.355, -33.25 pct

The oil and gas producer had put itself on the block but received no “credible bids”, Chairman Edward Cloues said on Thursday, a day after the company cut its 2015 production forecast.

** GEVO INC, $2.642, +20.64 pct

The chemical and biofuel maker said a service station in Texas became its first U.S. client to sell gasoline blended with Gevo’s renewable isobutanol. Gevo’s isobutanol, which is registered with the U.S. EPA as a fuel additive, is blended with gasoline to help meet renewable fuel and clean air standards.

** CYTOKINETICS INC, $6.02, -14.73 pct

The drug developer posted a 16 percent fall in second-quarter revenue, as it received lower research and development revenue from a collaboration deal with Astellas Pharma Inc.

** FIAT CHRYSLER AUTOMOBILES NV, $15.49, +6.68 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, $41.59, -7.25 pct

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

** WYNN RESORTS LTD, $103.03, +7.29 pct

The casino operator said its Wynn Palace, a $4 billion resort in Cotai, Macau, is now scheduled to open on March 25.

** AIR PRODUCTS AND CHEMICALS INC, $141.525, +5.51 pct

The industrial gas producer reported higher-than-expected third profit, helped by restructuring efforts and strong sales in Asia and at its materials technologies unit.

** MONDELEZ INTERNATIONAL INC, $45.121, +4.69 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.

** VIRGIN AMERICA INC, $32.3838, +8.71 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.

** MONSTER WORLDWIDE INC, $6.59, +9.11 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.

** OCEAN RIG UDW INC, $3.93, -10.68 pct

The offshore drilling contractor said it will suspend quarterly dividend until offshore drilling market conditions improved. Companies like Ocean Rig have been struggling with slumping demand for drilling services as oil prices have more than halved since June 2014.

** NCR CORP, $27.53, -9.38 pct

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

** VANDA PHARMACEUTICALS INC, $11.98, +7.54 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.

** FERRO CORP, $13.98, -8.93 pct

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

** EMBRAER SA, $26.43, -7.36 pct

The Brazilian planemaker said on Thursday it will delay development of a military cargo jet and forgo $300 million of revenue this year due to Brazil’s weaker currency and defense spending cuts, triggering the biggest drop in its shares in nearly four years.

** NXP SEMICONDUCTORS NV, $98.03, +6.79 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.

** CROCS INC, $15.22, +7.71 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.

** T-MOBILE US INC, $38.94, +5.13 pct

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

** INTERFACE INC, $25.67, +5.55 pct

The carpet tile maker reported a better-than-expected second-quarter profit and sales, helped by lower costs and higher sales in the Americas.

** BUNGE LTD, $80.75, -5.68 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.

** VALE SA, $5.15, -7.21 pct

The Brazilian miner said iron ore production next year will likely be less than the 376 million tonnes it had previously forecast, as it battles to increase margins.

** ULTRA PETROLEUM CORP, $7.44, -7.23 pct

The company reported weaker-than-expected second-quarter revenue, hurt by lower prices

** HOLLYFRONTIER CORP, $48.25, +4.82 pct

** TESORO CORP, $95.21, -2.61 pct

Tesoro Corp held talks to buy smaller rival oil refiner HollyFrontier Corp earlier this year in a bid to join the top echelons of the competitive U.S. refining industry, according to people familiar with the matter.

** BORGWARNER INC, $49.6, -5.40 pct

The automotive supplier missed Wall Street expectations of second-quarter profit and revenue, the company said on Thursday, as a stronger U.S. dollar made its products more expensive overseas and eroded its bottomline.


The payday lender’s second quarter revenue fell about 7 percent largely due to lower pawn fees and service charges.

** MARATHON PETROLEUM CORP, $53.43, -4.26 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.

** PROCTER & GAMBLE CO, $77.21, -4.23 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, $67.9, -1.49 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.

** BAIDU INC, $175.47, +3.21 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, $53.84, -4.39 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.

** PACIRA PHARMA, $61.63, +4.99 pct

The drugmaker said its pain drug Exparel’s sales are expected to accelerate from the fourth quarter.

** METLIFE INC, $56.2, -1.78 pct

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

** AK STEEL HOLDING CORP, $3.12, -3.70 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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