(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 early afternoon trading on Friday, with the major indexes poised to close in the red for the week, after solid job growth in July pointed to an improving economy and opened the door wider for an interest rate hike in September. Dow Jones industrial average futures were down 0.63 percent at 17,266, S&P 500 futures were down 0.69 percent at 2,065.25 and Nasdaq 100 futures were down 0.76 percent at 4,490.25.
** AQUINOX PHARMACEUTICALS INC, $9.82, +448.60 pct
The drug developer said its experimental drug significantly reduced pain in a mid-stage study in patients with bladder pain syndrome.
** NEOPHOTONICS CORP, $5.72, -35.59 pct
The company, which makes chips used in telecommunication networks, forecasts a third-quarter profit of 1 cent to 9 cents, well below the average analyst estimate of 13 cents.
** CAREER EDUCATION CORP, $4.2299, +30.15 pct
The for-profit education company reported better-than-expected second quarter revenue as new student enrollments rose.
“We expect to not only maintain a cash, cash equivalents and investment balance above $190 million in 2015, we expect that balance to remain stable in 2016 and to grow in 2017 and beyond,” Chief Executive Ron McCray said.
** CAPSTONE TURBINE CORP, $0.356, +14.84 pct
The microturbine energy systems maker reported on Thursday higher-than-expected first quarter revenue for the first time in more than 2 years, helped by strong sales in its combined heat and power business.
** TETRA TECHNOLOGIES INC, $5.43, +8.60 pct
The oilfield services company reported a second-quarter profit, compared with a year-earlier loss, helped by customer additions, new products and cost cuts.
** HERCULES TECHNOLOGY GROWTH CAPITAL INC, $11.98, +9.11 pct
The specialty finance company reported better-than-expected second quarter net investment income on Thursday, helped by higher fee income. Keefe, Bruyette & Woods raised the company’s stock to “outperform” from “market perform” and MLV & Co raised to “buy” from “hold.”
** AMTECH SYSTEMS INC, $5.9599, -9.56 pct
The semiconductor device maker forecasts fourth quarter revenue to be in the range of $26-$28 million, lower than analysts’ estimate of $33.1 million. The company expects fourth-quarter operating margin to be negative due to higher R&D expense resulting from lower government grant recognition.
** ALNYLAM PHARMACEUTICALS INC, $100.76, -15.94 pct
The drug developer said 3 patients in a mid-stage study of its experimental heart therapy, revusiran, discontinued due to diffuse injection-site related rashes. Cowen & Co analysts said injection site reactions could limit product’s commercial potential; added that reaction could be addressed by second-generation product.
** NABORS INDUSTRIES LTD, $11.66, -5.89 pct
Analysts at Global Hunter Securities cut target price on the contract driller’s stock to $14 from $16 as the company’s guidance for international markets “suggests that utilization will come down in third quarter”.
** CENTURY ALUMINUM CO, $5.75, -30.05 pct
Brokerage Cowen and Co cuts price target on the aluminum producer’s stock to $7 from $10, citing lower aluminum prices in a weak commodity price environment.
“We appreciated the proactive nature with which management is responding to current market conditions, but question whether these efforts will be enough,” Cowen and Co analyst Anthony Rizzuto Jr wrote.
** C&J ENERGY SERVICES LTD, $7.73, -14.87 pct
Cowen and Co lowered its price target on the oilfield services provider’s stock to $10 from $14.
C&J’s acquisition of Nabors Industries Ltd’s well maintenance business makes sense in the longer term, but “the timing couldn’t have been worse,” Cowen analysts said in a note.
** TUTOR PERINI CORP, $16.83, -16.14 pct
The construction company cuts 2015 profit forecast, citing the loss on the Hudson Yards Tower C concrete project and delays on the Alaskan Way Viaduct project. D.A. Davidson & Co cuts price target on the stock to $30 from $36, rates stock as “buy.”
** FIVE PRIME THERAPEUTICS INC, $20.17, -12.19 pct
The drug developer posted a bigger-than-expected second quarter loss on Thursday, hurt by a 20 percent jump in operating expenses.
** AMARIN CORP, $2.33, +14.22 pct
A U.S. judge on Friday barred the U.S. Food and Drug Administration from stopping Irish drugmaker Amarin from promoting its fish oil drug for off-label uses, saying the company is protected by the First Amendment.
** AUTOBYTEL INC, $17.7, +11.88 pct
The online automotive services provider reported better-than-expected Q2 profit and revenue, helped by higher revenue from providing leads to auto dealers.
** BLUEBIRD BIO INC, $137.305, -12.45 pct
The gene therapy developer posted a wider-than-expected second quarter loss on Thursday as operating expenses more than doubled.
** UNIVERSAL CORP, $50.74, -12.20 pct
The leaf tobacco supplier’s first-quarter loss attributable to shareholders widens on restructuring costs of $2.4 million.
** SKULLCANDY INC, $8, +9.59 pct
The company reports better-than-expected second quarter profit and raises full-year profit forecast. International net sales increased 16 percent to $16.7 million due to increased audio sales in Japan, China, Australia and India and increased gaming sales in Europe.
** SPECTRUM PHARMACEUTICALS INC, $7.42, +6.30 pct
The cancer drugmaker’s second-quarter loss smaller than expected as company cut costs. RBC Capital raised its price target on the stock to $13 from $12.
** OPHTHOTECH CORP, $54.06, -12.99 pct
Goldman Sachs downgraded the drug developer’s stock to “sell” from “neutral”, saying it expects the company to be a relative underperformer given potential updates from its competitors.
** PLANAR SYSTEMS INC, $4.5, +20.00 pct
The digital display maker reported better-than-expected third quarter profit and forecast the fourth quarter and the full year profit above analysts’ estimates.
** AMBER ROAD INC, $4.25, -26.09 pct
The trade management software maker lowered its full year adjusted revenue forecast. The company said subscription bookings weakness in large enterprise space to continue.
** TCP INTERNATIONAL HOLDINGS LTD, $3.33, -29.30 pct
Second-quarter revenue of the maker of lighting technologies fell due to a 26 percent decline in sales in its largest business.
** TANGOE INC, $7.04, -31.98 pct
At least three brokerages cut their price target on the company’s stock by as much as $8 to as low as $9. Northland Capital cut rating to “market perform” from “outperform.” Deutsche Bank downgraded to “hold”, according to StreetInsider.
** IMPERVA INC, $66.74, +3.34 pct
The data security service provider reported higher-than-expected second-quarter revenue and a smaller-than-expected loss on Thursday as services revenue rose 35 percent.
“We see data protection as a new category of security and believe Imperva is leading the charge with its Web application firewall, database, and file protection solutions,” JP Morgan analysts wrote in a note.
** SIERRA WIRELESS INC, $21.85, -10.49 pct
The Canadian wireless equipment maker forecast third-quarter results below analysts’ average estimate. At least seven brokerages cut their price target on the company’s stock.
** TRI POINTE GROUP, $15, +5.41 pct
The U.S. homebuilder will replace business software maker Informatica Corp in S&P MidCap 400 after trading closes on Friday.
** POST HOLDINGS INC, $56.35, +9.08 pct
The cereal maker’s Q3 profit and sales handily beat estimates, helped by the acquisitions of MOM Brands cereals and peanut butter maker American Blanching.
** CVENT INC, $31.24, +15.36 pct
The company raised its full-year revenue and profit forecast and reported better-than-expected second quarter revenue and earnings as subscriptions for its software rose.
** CALIFORNIA RESOURCES CORP, $4.01, -13.95 pct
The oil and natural gas producer forecasts third quarter production of 153,000-159,000 barrels of oil equivalent per day, implying second straight quarterly decline.
** RUBICON TECHNOLOGY, $1.4865, -12.04 pct
Short interest in the sapphire maker’s stock fell significantly in early July but remains high compared to most U.S. companies. Rubicon late on Thursday posted a deeper-than-expected second-quarter loss.
** BITAUTO HOLDINGS LTD, $31.94, -14.53 pct
The Chinese auto information website operator forecasts third-quarter revenue largely below analysts’ expectations.
** SUNEDISON INC, $14.49, -15.16 pct
The U.S. solar company’s shares on track for worst two-day loss in two years. Three brokerages cut their price target on SunEdison’s stock.
“Softer launch of Terraform Global than expected ... we have notably discounted our assessment of SunEdison’s economic interests from an approximate value of ~$7/SunEdison share to ~$3,” brokerage Cowen & Co.
** PAR PETROLEUM CORP, $20.85, +12.52 pct
The petroleum products refiner reported higher-than-expected second quarter profit and revenue on Thursday, helped by higher demand in Singapore and West Coast markets.
** SEABRIDGE GOLD INC, $4.64, +19.59 pct
** BARRICK GOLD CORP, $7.1, +3.20 pct
** HARMONY GOLD MINING CO LTD, $0.9771, +2.71 pct
** IAMGOLD CORP, $1.65, +10.74 pct
** YAMANA GOLD INC, $1.92, +6.67 pct
** PRIMERO MINING CORP, $2.78, +2.58 pct
** KINROSS GOLD CORP, $1.865, +2.47 pct
** ANGLOGOLD ASHANTI LTD, $5.88, +0.86 pct
U.S.-listed shares of gold and silver miners rose 3-15 percent in morning trading. Gold steadied on Friday as investors assessed U.S. non-farm payrolls data that could open the door to a Federal Reserve interest rate hike in September.
** SPROUTS FARMERS MARKET INC, $21.1, -10.21 pct
The natural foods retailer’s second-quarter profit missed analysts’ estimates as costs jumped 23 percent.
** PIXELWORKS INC, $4.8, -12.89 pct
The projector maker announced a common stock offering. The company said it intends to use net proceeds for general corporate purposes, including increasing working capital, financing of ongoing operating expenses and overhead and funding capital expenditures.
** NOODLES & CO, $12.86, -15.06 pct
The pasta and sandwich restaurant chain forecast full-year adjusted profit and revenue below analysts’ estimates.
At least six brokerages cut PT by as much as $7 to as low as $12; Piper Jaffray & Co cut rating to “neutral” from “overweight.”
** NVIDIA CORP, $23.1, +12.96 pct
The chipmaker reported a surprise rise in second-quarter revenue and forecast better-than-expected third quarter revenue, helped by strong demand for graphic chips used in gaming and cars. At least 8 brokerages raised their price target on the company’ stock.
** BOJANGLES INC, $24.91, +5.42 pct
The chicken-and-biscuits restaurant chain raised its 2015 revenue forecast and also reported better-than-expected second quarter sales, profit helped by 13 new restaurants opened in the quarter.
** NVIDIA CORP,$23.1, +12.96 pct
The chipmaker reported better-than-expected second quarter revenue, driven by demand for graphic chips used in gaming and car. The company forecast third-quarter revenue above average analysts’ estimate.
** STAMPS.COM INC, $84.28, +27.56 pct
The online postage services provider’s second-quarter profit handsomely beat estimate; revenue ahead of expectations as well.
** ICONIX BRAND GROUP INC, $14.85, -24.23 pct
The company, which licenses retail brands, said founder Neil Cole is stepping down as chief executive and chairman. Cole, who will serve as special adviser through Sept. 30, founded Iconix in 2005 and has led company since then.
** FX ENERGY INC, $0.915, -10.29 pct
The oil and gas producer said it is looking to sell itself and engaged Evercore Group LLC as financial adviser. The company reported a smaller loss for the second quarter, helped by lower impairment charges and costs.
** FLUIDIGM CORP, $12.1001, -39.29 pct
The life sciences research company’s second-quarter revenue lower than expected, hurt by falling demand for consumables from production genomics customers and a decline in sales of single-cell genomics instruments. The company lowered 2015 revenue forecast, saying the year continues to be a challenging one.
** IMPERVA INC, $66.74, +3.34 pct
The data security service provider’s second-quarter revenue tops expectations as services revenue rises 35 percent. The company also posted a smaller-than-expected adjusted loss.
** NU SKIN ENTERPRISES INC, $47.17, +20.45 pct
The skin care and nutritional product maker’s second-quarter profit beats analysts’ estimate as operating costs fell. The company lowered 2015 revenue forecast as it expects the stronger dollar to hurt the second-half more than expected previously.
** HERSHEY CO, $89.22, -3.23 pct
The company reported flat quarterly sales, its weakest sales performance in more than five years, hurt by low demand in China.
** GROUPON INC, $4.38, -6.41 pct
The operator of daily deals website groupon.com reported a lower-than-expected rise in quarterly revenue and forecast revenue to fall more than expected in the current quarter as a strong dollar weighed on gross billings.
** WHITEWAVE FOODS CO, $49.38, -2.43 pct
The dairy products maker reported lower-than-expected second quarter sales, hurt by weak demand in its Americas fresh food segment. (Compiled by Neha Dimri in Bengaluru; Edited by Maju Samuel)