December 18, 2015 / 3:22 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Intercept, Carmax, Darden, Red Hat

(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. stock indexes were lower in early morning trading on Friday as crude oil prices headed for their third straight weekly loss on global oversupply concerns. The Dow Jones industrial average was down 1.00 percent at 17,321.67, the S&P 500 was down 0.84 percent at 2,024.78 and the Nasdaq Composite was down 0.59 percent at 4,972.904.

** INTERCEPT PHARMACEUTICALS INC, $156.47, -5.71 pct

The U.S. Food and Drug Administration has postponed by three months its decision on Intercept Pharmaceuticals’ marketing application for its lead drug, to treat a kind of liver disease.

** CARMAX INC, $50.91, -10.92 pct

The largest U.S. used-car seller reports Q3 revenue and profit below average analyst estimates as store traffic decreased

** KNIGHT TRANSPORTATION INC, $22.89, -6.61 pct

The company cuts Q4 EPS view to 31-33 cents from 36-38 cents. Knight says lower revenue per total mile hurt trucking and logistics business, reducing EPS by 3-4 cents.

** DARDEN RESTAURANTS INC, $62.1, +6.35 pct

The olive Garden restaurant chain owner raises full-year profit and same-restaurant sales forecast, citing strong performance in Q2

** RED HAT INC, $82.24, +4.29 pct

The Linux OS distributor raised its full-year revenue forecast for the second time, helped by a 14 percent jump in deferred revenue. The company reported better-than-expected Q3 profit, boosted by higher software subscription revenue.

** CENTENE CORP, $63.73, +3.02 pct

The drugmaker raised its 2015 profit forecast and reaffirmed its guidance for revenue, ahead of completing its $6.3 billion acquisition of smaller health insurer Health Net Inc.

** QIHOO 360 TECHNOLOGY CO, $73.01, +1.67 pct

The Chinese mobile security software maker said it agreed to be acquired by a consortium of investors for about $9.3 billion, including about $1.6 billion of debt.

** BLACKBERRY LTD, $8.5, +8.97 pct

The phone maker reported a fiscal third-quarter loss as widely anticipated, but posted its first quarter-to-quarter revenue gain in over two years, indicating that turnaround efforts may be gaining traction.

** YIRENDAI LTD, $9.5

The consumer finance arm of Chinese peer-to-peer (P2P) lender CreditEase made a tepid U.S. market debut on Friday, with its shares trading around the offer price of $10.

** MICROSOFT INC, $55.115, -1.05 pct

Goldman Sachs removes its long-held “sell” call on Microsoft shares, admitting it underestimated investors’ enthusiasm for company’s progress on cloud computing.

** NORFOLK SOUTHERN CORP, $84.9, -0.19 pct

Canadian Pacific Railway Ltd’s $27 billion bid for Norfolk Southern risks coming unstuck due to regulatory scrutiny of its impact on the U.S. rail market, in particular the possibility it could spark competition-crushing rival deals, according to former regulators and analysts.

** LAS VEGAS SANDS CORP, $41.88, +1.72 pct

The gambling giant’s Chief Executive Sheldon Adelson said on Friday that a long-term slide in Macau’s gaming market is close to bottoming out, with a turnaround in sight in 2016 after 18 consecutive months of declines. (Compiled by Rosmi Shaji in Bengaluru; Edited by Don Sebastian)

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