July 31, 2015 / 3:42 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-World Fuel, MoneyGram, SkyWest

(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) The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. The Dow Jones industrial average was up 0.05 percent at 17,755.23 and the S&P 500 was up 0.17 percent at 2,112.32.

** EXXON MOBIL CORP, $79.88, -3.77 pct

** CHEVRON CORP, $89.49, -3.81 pct

Weak oil prices shriveled quarterly profit at Exxon Mobil and Chevron, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude.

** AMGEN INC, $176.605, +2.86 pct

The world’s largest biotechnology company on Thursday reported higher-than-expected second-quarter profit and revenue, helped by strong sales of its Enbrel rheumatoid arthritis drug and cost cutting, and the company raised its full-year forecasts.


The organic grocery product retailer reported a better-than-expected third-quarter profit on Thursday, as its daily average comparable store sales jumped 5.8 percent.


The money transfer company reported a better-than-expected second-quarter profit as more people transferred money using its network.

** WORLD FUEL SERVICES CORP, $41.06, -13.05 pct

The fuel distribution company reported a much lower-than-expected second quarter profit.

Credit Suisse and Evercore ISI cut price target on the stock by $10 to $50 and $42, respectively.


The provider of IT services to the healthcare industry reported a weaker-than-expected second-quarter revenue and adjusted profit on Thursday. The company also said it expected the “system sales” environment to remain challenging through the first half of 2016.

** COLUMBIA SPORTSWEAR CO, $73.7, +17.66 pct

The sports apparel and footwear maker reports a narrower-than-expected loss on Thursday, helped by higher demand for its brands such as Columbia and Sorel in North America and Europe.

** OCWEN FINANCIAL CORP, $8.68, -26.19 pct

The private mortgage servicer reported a lower-than-expected second-quarter profit on Thursday, hurt by lower revenue from its mortgage servicing business.

** OUTERWALL INC, $71.178, -13.01 pct

The Redbox video rental kiosk operator posted a surprise decline in second-quarter revenue on Thursday, hurt by weakness in its Redbox business.

** VIVUS INC, $1.53, -11.56 pct

The drugmaker said the sales of its flagship weight-loss drug, Qsymia, was growing slower than it expected. The company said it will cut jobs to achieve neutral or positive operating cash flows by year-end 2016.

** ZELTIQ AESTHETICS INC, $35.54, +10.68 pct

The medical device maker reported a 37 percent rise in second-quarter revenue, helped by higher shipments of its CoolSculpting device, designed to selectively reduce stubborn fat bulges.

** HANESBRANDS INC, $30.81, -9.75 pct

The apparel maker and retailer narrowed its full-year sales forecast due to a strong dollar.


The medical service provider reported a better-than-expected second-quarter profit, helped by a 34.6 percent rise in its EmCare business, which offers medical care services to support patients’ recovery after their discharge from hospital.

** MAXWELL TECHNOLOGIES INC, $4.455, +4.82 pct

The maker of electrical energy storage said on Thursday it initiated a restructuring plan to cut costs during the second quarter, and posted a better-than-expected quarterly profit.

** ELLIE MAE INC, $77.73, +12.44 pct

The provider of software for residential mortgage industry reported better-than-expected profit and revenue for the second quarter on Thursday, and forecast full-year adjusted profit and revenue above analysts’ average estimates.

** SKYWEST INC, $16.7799, +19.94 pct

At least one brokerage raised its rating on the airline operator’s stock and three raised their price targets after the company reported a second-quarter profit, compared with a loss a year earlier.

** YRC WORLDWIDE INC, $19.73, +29.12 pct

The trucking company reported better-than-expected second-quarter profit on Thursday, as operating expenses declined.

** MEDIVATION INC, $106.88, +10.22 pct

The drug developer said its board had declared a 2-for-1 stock split. (bit.ly/1IxCYYy)

** LINKEDIN CORP, $205.95, -9.33 pct

The operator of the biggest social networking site for professionals reported a better-than-expected 33 percent rise in quarterly revenue on Thursday. However, investors focused on the company’s widening losses and an underwhelming full-year revenue forecast.

** EXPEDIA INC, $118.71, +10.32 pct

The online travel services company on Thursday posted a second-quarter profit above analysts’ expectations and announced a larger dividend as travel bookings grow.

** FIREEYE INC, $44.9312, -5.92 pct

The cybersecurity software maker reported slower growth for the second quarter on Thursday. The company also said Michael Sheridan, its CFO since June 2011, would resign.

** ROYAL CARIBBEAN CRUISES LTD, $89.52, +8.19 pct

** CARNIVAL CORP, $53.77, +3.64 pct

Royal Caribbean, the world’s second-largest cruise operator by revenue, raised its full-year profit forecast, citing better-than-expected performance in the Caribbean and China and lower fuel costs.

Carnival Corp was also up on the news.

** OMNICELL INC, $36.435, -8.39 pct

The medical equipment maker reported lower-than-expected second-quarter profit and revenue on Thursday, as a delay in customer implementations reduced product revenue by nearly 5 percent.

** CRAY INC, $24.73, -5.90 pct

The supercomputer manufacturer reported a surprise second-quarter profit on Thursday, as revenue more than doubled to $186.2 million.

** WESTERN UNION CO, $20.25, +6.47 pct

The company reported a better-than-expected quarterly profit on Thursday, boosted by its online business, and the world’s largest money-transfer company raised its full-year earnings forecast.

Barclays raised its rating on Western Union’s stock to “equal weight” from “under weight”, citing stable pricing and transaction growth trends in company’s consumer-to-consumer business.

** FLUOR CORP, $47.58, -6.52 pct

The engineering and construction company’s second-quarter profit fell due to weak demand from industrial and infrastructure, and power and global services markets. At least 6 brokerages cut price targets on the stock by as much as $10 to as low as $52.

** SUNOPTA INC, $10.55, +2.33 pct

The Canadian organic food provider said it would buy organic frozen fruit supplier Sunrise Holdings Delaware Inc from private equity firm Paine & Partners LLC for about $450 million. (Compiled by Ankit Ajmera in Bengaluru; Edited by Maju Samuel)

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