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* The Morning News Call newsletter: tmsnrt.rs/2fwPLTh The S&P 500 and the Dow Jones Industrial Average were on track to snap a three-day losing streak on Thursday, as bank stocks climbed amid signs of strength in the labor market and a near-certain interest rate hike.
The Dow Jones Industrial Average was down 0.02 percent at 20,851.95, the S&P 500 was up 0.08 percent at 2,364.88 and the Nasdaq Composite was up 0.09 percent at 5,842.61.
** AMERICAN INTERNATIONAL GROUP INC, $63.32, -0.19 pct
The company said Chief Executive Peter Hancock will step down, a decision he made after a string of poor financial performance frustrated shareholders and the insurer’s board of directors.
** SEARS HOLDINGS CORP, $7.89, +5.34 pct
The beleaguered retailer’s fourth-quarter revenue edged past analysts’ average estimate, while the company also reported its merchandise inventory at the end of the quarter to be $4 billion, compared to $5.2 billion in the year-ago period.
** STAPLES INC, $8.65, -3.52 pct
The office supplies retailer reported fourth-quarter revenue and profit that missed estimates. The company also said it would close 70 stores in North America in 2017.
** PPG INDUSTRIES INC, $102.82, -3.75 pct
Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries on Thursday, saying instead it wanted to “unlock value” by spinning off its chemicals business.
** E.L.F. BEAUTY INC, $28.75, +13.64 pct
The company reported fourth-quarter profit and sales ahead of analysts’ estimates. It also forecast better-than-expected revenue and profit for 2017. The company also said it will get 50 percent more shelf space this year at Target, which accounts for about 28 percent of sales.
** STMICROELECTRONICS INC, $15.18, -2.63 pct
Shares in chipmaker STMicroelectronics slumped on concerns that it could be late on supplying some components for Apple’s next-generation smartphone.
French website iGeneration and DigiTimes reported that STM’s 3D image sensors for Apple’s next-generation handset - the iPhone 8 - may not be ready for a Sept debut.
** TAILORED BRANDS INC, $15.94, -31.79 pct
The apparel retailer reported a bigger-than-expected fourth-quarter loss, while its revenue missed analysts’ average estimate. Mizuho downgraded the stock to “neutral” from “buy”.
** HORIZON GLOBAL CORP, $14.52, -14.69 pct
The towing and trailer equipment maker reported a bigger-than-expected fourth-quarter loss, while its 2017 adjusted earnings forecast missed analysts’ estimates.
** BANKRATE INC, $9.95, -9.13 pct
The company’s fourth-quarter revenue and profit missed analysts’ average estimate.
** STRATASYS LTD, $18.27, -8.92 pct
** 3D SYSTEMS CORP, $14.32, -1.51 pct
3D printer maker Stratsys’ full-year revenue forecast was below Wall Street expectations, mirroring rival 3D Systems Corp’s weak forecast last month..
** PLANET FITNESS INC, $20.45, -2.69 pct
The fitness center operator’s shares fell as private equity sponsor TSG Consumer Partners halved its stake when the company announced a secondary offering of 15 million shares after the bell on Wednesday. JP Morgan priced the block at $20.50, a 2.4 percent discount to the stock’s last sale and at the bottom of the $20.50-$20.75 marketed range.
** 21VIANET GROUP INC, $5.91, -16.17 pct
The Chinese data-center services company posted a fourth-quarter revenue decline of 8.4 percent to $129.7 million on Thursday, hurt by weakness in its managed network service business. Stifel lowered its price target of the company’s shares to $7.50 from $9.00.
** TG THERAPEUTICS INC, $11.33, +11.58 pct
The company priced its public offering of 5.13 million shares of its common stock at $9.75 per share.
** PLANET PAYMENT INC, $3.91, -7.46 pct
The payment service provider reported fourth-quarter profit and revenue on Wednesday that missed analysts’ average estimate. The company’s full-year revenue forecast was below expectations.
** SIGNET JEWELERS LTD, $69.50, +7.92 pct
The company announced on Thursday that it will form a board committee that will focus on programs and policies to support the development of the company’s female team members. The company’s announcement comes a week after a lawsuit was filed by hundreds of former employees alleging sexual harassment and discrimination at Sterling Jewelers, a unit of the jeweler.
The company also reported a fourth-quarter profit that beat estimates.
** VIVUS INC, $1.19, +14.42 pct
The company posted better-than-expected fourth-quarter revenue, helped by license and milestone revenue.
** CECO Environmental Corp, $11.90, +14.42 pct
The pollution control technology provider’s fourth-quarter profit beat analysts’ average estimate.
** AMERICA MOVIL SAB DE CV, $12.74, -4.96 pct
Shares of the telecoms giant controlled by billionaire Carlos Slim slumped on Thursday after the company said the Mexican telecoms regulator had stepped up antitrust rules against it.
** OCERA THERAPEUTICS INC, $1.56, +41.82 pct
The company provided detailed analysis of data on a mid-stage study testing its experimental drug, ornithine phenylacetate, in patients with hepatic encephalopathy, which could etch a pathway for the next pivotal study.
** GILEAD SCIENCES INC, $68.23, -2.11 pct
Brokerage UBS downgraded the drugmaker’s stock to “neutral” from “buy” and cut price target to $72 from $118, citing slowing sales of hepatitis C treatments.
** NORTECH SYSTEMS INC, $3.80, -9.74 pct
The wire and cable assemblies provider said its industrial sales declined 21 percent in the fourth quarter, impacted by slow economic growth and softness in the transportation and oil and gas sector.
** COMTECH TELECOMMUNICATIONS CORP, $13.75, +23.50 pct
The communications equipment maker posted second-quarter revenue above estimates, helped by its acquisition of TeleCommunication Systems. The company’s revenue beat estimates for the first time in at least eight quarters.
** FAIRMOUNT SANTROL HOLDINGS INC, $6.81, -21.36 pct
The frac sand supplier said that it would not provide 2017 sales and earnings forecast due to economic volatility and uncertainty in the oil and gas market.
** MARATHON OIL CORP, $15.48, +4.10 pct
The U.S. shale exploration company on Wednesday agreed to sell its Canadian subsidiary, which includes 20 percent non-operated interest in the Athabasca Oil Sands Project, to Royal Dutch Shell and Canadian Natural Resources Ltd for $2.5 billion in cash.
** INTERNATIONAL GAME TECHNOLOGY PLC, $24.24, -12.36 pct
The slot machine maker’s fourth-quarter revenue fell 3.2 percent due to lower sales at DoubleDown, which provides online casino games. The company forecast 2017 adj. EBITDA of $1.68 billion to $1.76 billion, vs $1.76 billion in 2016.
** POTASH CORP OF SASKATCHEWAN INC, $17.47, +3.31 pct
** ICL ISRAEL CHEMICALS LTD, $4.42, +3.76 pct
** AGRIUM INC, $97.92, +3.64 pct
** MOSAIC CO, $29.08, +1.43 pct
Belarusian President Alexander Lukashenko is ready for mutually beneficial compromise in cooperation with Russia’s Uralkali, one of the world’s largest potash producers, state news agency Belta reported on Thursday.
** CURIS INC, $2.99, +17.44 pct
The cancer drug developer posted better-than-expected fourth-quarter revenue, helped by royalty revenue. (Compiled by Gayathree Ganesan in Bengaluru; Editing by Maju Samuel)