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All three major U.S. indexes rose to more than two-month highs on Friday, after a surprise rate cut in China amplified a rally driven by strong results from Microsoft, Alphabet and Amazon. The Dow Jones industrial average was up 0.87 percent at 17,641.36, the S&P 500 was up 1.07 percent at 2,074.45 and the Nasdaq Composite was up 2.29 percent at 5,032.954.
** ALPHABET INC, $735.55, +7.99 pct
** FACEBOOK INC, $102.61, +2.95 pct
** MICROSOFT CORP, $53.25, +10.87 pct
** AMAZON.COM INC, $603.59, +7.04 pct
Google parent Alphabet, Microsoft and Amazon.com made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday.
Facebook’s shares also rose after Alphabet’s strong results.
** OCULAR THERAPEUTIX, $7.53, -50.00 pct
Morgan Stanley downgraded shares of the company to “equal weight” and slashed price target to $15 after the developer of treatments for eye diseases issued mixed results for two drug trials.
** PANDORA MEDIA INC, $12.62, -34.24 pct
The provider of music streaming services reported a bigger quarterly loss as content acquisition costs nearly doubled.
** EMERGE ENERGY SERVICES LP, $5.11, -26.26 pct
The oilfield services provider said on Thursday it did not generate enough cash to pay third-quarter dividend due to falling oil and natural gas frac sand activities in low price environment.
** SKECHERS USA INC, $30.22, -34.57 pct
The sports footwear maker and retailer’s revenue missed analysts’ estimates as a strong dollar reduced the value of international sales.
** NETGEAR INC, $42.38, +29.60 pct
The network equipment maker reported better-than-expected third quarter revenue and profit on Tuesday, after its Arlo IP security camera proved to be a robust catalyst in its retail business.
** MERIT MEDICAL SYSTEMS INC, $18.04, -25.15 pct
The medical device maker reported weaker-than-expected third quarter revenue, profit, hurt by higher costs.
** SPECTRUM PHARMACEUTICALS INC, $5.24, -21.08 pct
The biotechnology company said the U.S. FDA declined to approve its Evomela injection to treat patients with multiple myeloma, a form of blood cancer that arises from plasma cells found in bone marrow.
** ATHENAHEALTH INC, $159.76, +24.72 pct
The company said its gross margins for 2015 would be at the high end of its prior forecast range.
** FORTINET INC, $34.4, -20.44 pct
At least 8 brokerages cut price target on the security software maker’s stock after the company reported third-quarter revenue only slightly above estimates on Thursday.
** WESTMORELAND COAL CO, $8.86, -28.08 pct
The coal company cut its full-year guidance, primarily due to a prolonged plant outage. It also reported third-quarter revenue of $349.8 million versus analysts’ average estimate of $389.8 million.
** HURON CONSULTING GROUP INC, $44.96, -26.87 pct
The financial consulting services provider updated its full-year outlook for EPS to $3.60-$3.70 on sales of $835 million-$850 million, below analysts’ expectations.
** SPECTRANETICS CORP, $12.83, +16.74 pct
The medical device maker reported better-than-expected third quarter revenue and adjusted loss, helped by higher sales of its vascular intervention (VI) products.
** STERICYCLE INC, $118.12, -20.75 pct
The medical waste management service provider reported a lower-than-expected third quarter profit, hurt by higher expenses.
** GREENHILL & CO, $25.09, -11.47 pct
The investment banker third-quarter profit plunged to $684,000 million from $19.87 million as it made less money from its advisory business, having closed fewer deals this quarter.
** ACACIA RESEARCH CORP, $7.18, -18.32 pct
The company posted a third-quarter loss of $0.23/share versus estimate of $0.13, hurt by a 65 percent fall in revenue.
** SOUTHWESTERN ENERGY CO, $11.03, -5.48 pct
The oil and gas producer posted third quarter loss versus year ago profit, due to a $2.84 billion impairment charge on its oil and gas assets.
** MID-CON ENERGY PARTNERS LP, $2.15, -28.09 pct
The company suspended quarterly cash distribution, citing weak outlook for oil prices.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $118.8, +8.13 pct
A shareholder class action lawsuit was filed against Valeant after influential shortseller Citron Research alleged the Canadian drugmaker used specialty pharmacies to create “phantom sales”.
** CAPITAL ONE FINANCIAL CORP, $80.88, +7.93 pct
The credit card company reported better-than-expected third quarter results on Thursday.
** BARNES GROUP INC, $35.43, -7.61 pct
The precision mechanical products maker reported third-quarter revenue below average analyst estimate, hurt by lower-than-expected deliveries and a contract termination dispute in its aerospace business.
** PACIFIC BIOSCIENCES OF CALIFORNIA INC, $7.74, +8.56 pct
The gene sequencing company reported a surprise third-quarter profit late on Thursday, helped by an 82 percent drop in operating expenses.
** TRINITY INDUSTRIES INC, $27.25, +4.29 pct
The railcar maker reported higher-than-expected third quarter profit on higher operating profit from sales of railcars from the lease fleet and higher deliveries in its rail business.
** FIREEYE INC, $27.04, -7.93 pct
Wedbush downgraded the company’s stock to “neutral” and slashed its price target second time in two weeks.
** KELLOGG CO, $71.72, -0.40 pct
** DIAMOND FOODS INC, $34.695, +5.68 pct
Corn Flakes maker Kellogg is in late-stage talks to buy snack foods company Diamond Foods for more than $1.5 billion, the New York Post reported, citing sources.
** WHIRLPOOL CORP, $145.4, -9.02 pct
The world’s largest home appliances maker revised its expectations for 2015 EPS and lowered its planned capital spending, but posted higher-than-expected third quarter earnings.
** MERRIMACK PHARMACEUTICAL INC, $9.67, +11.02 pct
The U.S. Food and Drug Administration on Thursday approved the company’s pancreatic cancer drug, Onivyde, with a severe safety warning.
** QLIK TECHNOLOGIES INC, $31.22, -9.95 pct
The data analytics software maker reported lower-than-expected third quarter revenue, hurt by a delay in closures of some deals in Asia Pacific.
** VF CORP, $63.37, -13.44 pct
The apparel, footwear and accessories maker reported lower-than-expected third quarter profit and cuts full-year profit forecast, saying impact of strong dollar expected to be bigger than previously anticipated.
** PROCTER & GAMBLE CO, $77.32, +3.30 pct
The company reported its biggest drop in quarterly sales in seven quarters, hurt by weak demand across product categories and a strong dollar.
** LEXMARK INTERNATIONAL INC, $35.22, +7.12 pct
The printer maker said it was exploring strategic alternatives and had hired Goldman Sachs Inc to advise it on the process.
** TREEHOUSE FOODS INC, $87.66, +4.08 pct
** CONAGRA FOODS INC, $41.32, -2.52 pct
TreeHouse is in advanced talks to acquire Ralcorp, the private label business of ConAgra Foods, in a deal that could be valued between $2.5 billion and $2.7 billion, according to people familiar with the matter.
** UNITED CONTINENTAL HOLDINGS INC, $59.38, +5.94 pct
United Airlines on Thursday tried to dismiss concerns that executive shake-ups have left an amateur team running its business, promising better service for travelers and moderate expansion in 2016 for investors worried about weak demand.
** ABBVIE INC, $51.18, +6.03 pct
U.S. health regulators on Thursday issued a warning of potential risk of serious liver injury for certain patients using the company’s hepatitis C treatments, Viekira Pak and Technivie.
** AUTOLIV INC, $120.87, +3.33 pct
The auto safety gear maker reported third quarter core earnings that narrowly beat market expectations on Friday and said it expected like-for-like sales to grow around 7 percent this year.
** ROYAL CARIBBEAN CRUISES LTD, $97.14, +2.58 pct
The world’s second-largest cruise operator by revenue reported a 5.4 percent rise in quarterly revenue, helped by higher onboard spending and a rise in bookings for its Caribbean and European cruises.
** TENET HEALTHCARE CORP, $29.39, +4.07 pct
The hospital operator reaffirmed its third-quarter adjusted EBITDA outlook of $550-$600 million. (Compiled by Manish Parashar in Bengaluru; Editing by Maju Samuel)