January 31, 2013 / 5:23 PM / in 5 years

MARKET PULSE-Celsion, RIM, Qualcomm, Constellation Brands

Jan 31 (Reuters) - Some U.S. stocks on the move on Thursday:

WALL STREET FLAT AFTER MIXED DATA; QUALCOMM LIFTS NASDAQ

U.S. stocks were little changed on Thursday as investors mulled a mixed bag of economic data, though earnings from Qualcomm helped lift the Nasdaq. The Dow Jones industrial average gained 0.16 percent. The Standard & Poor’s 500 Index rose 0.01 percent. The Nasdaq Composite Index rose 0.27 percent.

** CELSION CORP, $1.46, down 82 pct (1140 ET)

The company said a late-stage study of its experimental liver cancer treatment ThermoDox did not meet the main goal of increasing patients’ survival without their cancer worsening.

** QUALCOMM INC, $66.40, up 4.5 pct (1148 ET)

The San Diego-based company beat Wall Street expectations for its first-quarter earnings and revenue and raised its financial targets for 2013 on Wednesday due to growing demand for smartphones and high-speed wireless services.

** RESEARCH IN MOTION LTD , $12.73, down 7 pct (0958 ET)

The BlackBerry maker’s glitzy unveiling of the long-delayed line of new smartphones on Wednesday and a new corporate name failed to impress Wall Street analysts, with at least three downgrading the company’s stock.

** CONSTELLATION BRANDS INC, $31.16, down 20 pct (1104 ET)

The U.S. Justice Department filed a lawsuit seeking to stop Anheuser-Busch InBev SA from buying the half of Mexican brewer Grupo Modelo that it does not already own, saying the $20.1 billion deal would lessen competition in the U.S. beer market. Constellation Brands would have distributed Corona beer in the United States if the transaction had been approved.

** ADVANCED MICRO DEVICES INC, $2.58, down 2.6 pct (1107 ET)

Credit rating agency Fitch downgraded the chipmaker’s credit risk to “CCC” from “B” on Wednesday citing heightened concerns on AMD’s negative free cash flow will burn through cash targets this year and perhaps approach its minimum operating level.

** DOW CHEMICAL CO, $32.88, down 6 pct (0948 ET)

The largest chlorine producer in the world reported a lower-than-expected adjusted profit as international demand for polyurethane and chlorine withered, especially in China and Europe.

** SILICON GRAPHICS INTERNATIONAL CORP, $14.97, up 16.6 pct (1131 ET)

The company which makes servers for data centers reported better-than-expected second-quarter results and forecast current-quarter results comfortably above Wall Street’s estimates as the company sees better profitability on its cloud computing products.

** FACEBOOK INC, $30.20, down 3 pct (1112 ET)

The social networking company said on Wednesday that it doubled its quarterly mobile advertising revenue. But the growth trailed some of Wall Street’s most aggressive estimates. Chief Executive Mark Zuckerberg said the company plans to spend heavily to recruit talent At least three analysts cut their ratings on the stock.

** LENDER PROCESSING SERVICES INC, $23.66, up 5.6 pct (0945 ET)

The mortgage service provider said it will pay $127 million to settle inquiries related to some of its signing and notarization practices.

** ONLINE RESOURCES CORP, $3.81, up 82 pct (0959 ET)

** ACI WORLDWIDE INC, $47.47, up 1 pct (1002 ET)

Electronic payment services provider ACI Worldwide Inc said it will buy peer Online Resources in an all-cash deal with an equity value of about $126.6 million to expand its footprint in the online banking and bill payment sectors.

** AVIAT NETWORKS INC, $3.37, down 10 pct (1005 ET)

The company, which makes equipment to link and manage fixed and wireless networks, forecast third-quarter results largely below estimates. The company also said it expects a possible decline in cash from operating activities in the third quarter.

** TOWERSTREAM CORP, $2.91, down 9 pct (1013 ET) The broadband service provider said its offering of 10 million shares was priced at $3 per share, a discount to Wednesday’s close of $3.17.

** ENERGY XXI (BERMUDA) LTD, $32.05, down 6 percent (1020 ET)

The oil and gas producer reported a lower-than-expected profit on Wednesday as production fell due to operational downtime issues such as rig moves and infrastructure maintenance. Raymond James analysts said the production also came in “gassier” than they had estimated and cut their price target on the stock to $38 from $40.

** RESMED, $43.88, down 6 pct (1020ET)

The Centers for Medicare & Medicaid Services announced a reimbursement cut in round two of its durable medical equipment competitive bidding program, effective July. Analysts said this could put pressure on the pricing of Resmed’s continuous positive airway pressure devices during the bidding process. William Blair said “On the margin, we view this as a negative, but by no means a catastrophic development.”

** PERFORMANT FINANCIAL CORP, up 10 pct (1034 ET)

The company priced its upsized secondary offering of 8 million shares , by selling stockholders, at $10.65 per share.

** TRI POINTE HOMES, $19.38, up 14 percent

The stock of the first U.S. homebuilder to go public in almost a decade opened up 15 percent in its market debut after the company priced its initial public offering above the expected price range.

** AUTONATION INC, $47.26, up 5.5 pct (1126 ET)

The largest U.S. auto dealer group, said strong new vehicle sales boosted its fourth-quarter net income by 20 percent and revenue by 13 percent.

** TAKE-TWO INTERACTIVE SOFTWARE INC, $12.25, down 6.2 pct (1128 ET)

The video game publisher delayed release of its Grand Theft Auto V for the Xbox 360 and PlayStation 3 to Sept. 17 from its projected spring 2013 release to “allow additional development time.”

** WMS INDUSTRIES INC, $25.16, up 54 pct (0949 ET)

** SCIENTIFIC GAMES CORP, $10.79, up 21 pct (0950 ET)

Scientific Games, which makes tickets and software for lotteries, said it will acquire rival WMS for about $1.42 billion to beef up its gaming machines business.

** LIQUIDITY SERVICES INC, $30.00, down 26 pct (0951 ET)

The online auctioneer cut its full-year earnings outlook as it expects economic uncertainties to hurt retail and industrial supply chains.

** HARMAN INTERNATIONAL INDUSTRIES INC, $42.23, down 14.3 pct (0951 ET)

The audio systems maker slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers.

** PITNEY BOWES INC, $14.14, up 18 pct (0952 ET) The postage meters maker reported better-than-expected fourth-quarter results as its software business improved, and forecast 2013 revenue ahead of analysts’ estimates.

** DIGIRAD CORP, $1.89, up about 3.3 percent (0952 ET)

The diagnostic imaging products provider won U.S. health regulators’ approval to sell its ergo Imaging System, which helps with diagnosis in nuclear medicine, surgery and women’s health.

** MEAD JOHNSON NUTRITION CO, $76.80, up 13 pct (0953 ET)

The maker of Enfamil baby formula reported a higher-than-expected quarterly profit on Thursday, citing a rise in sales, the timing of a pension settlement expense and a lower tax rate.

** ANNALY CAPITAL MANAGEMENT INC, $14.98, up 0.2 pct (0953 ET)

** CREXUS INVESTMENT CORP, $13.27, up 6.2 pct (0954 ET)

Mortgage-backed REIT Annaly will gain control of CreXus after raising its offer for the remaining 88 percent stake in the commercial mortgage investor.

** MEDIA GENERAL INC, $4.31, up 4.6 pct (0954 ET)

The broadcaster posted a 40 percent jump in fourth-quarter revenue on an increase in political advertising.

** UNDER ARMOUR INC, $50.91, up 5.7 pct (0955 ET)

The athletic apparel and footwear maker reported a better-than-expected quarterly profit for the ninth time in a row as its water-resistant apparel and additions to its footwear range attracted more customers during the holiday season.

** WHIRLPOOL CORP, $111.58, up 2.6 pct premarket

The maker of Maytag and KitchenAid appliances reported a higher-than-expected quarterly profit as price increases and cost cuts helped the world’s largest appliance maker counter lackluster demand in Europe and North America.

** SPECTRUM PHARMACEUTICALS INC, $12.62, up 5.8 pct (0955 ET)

** ALLERGAN INC, $105.56, down 0.03 pct (0956 ET)

Spectrum said it bought back rights for its late-stage bladder cancer drug from co-developer Allergan and it would conduct an additional trial on the drug after a meeting with U.S. health regulators last month.

** OCCIDENTAL PETROLEUM CORP, $87.57, up 2.6 pct (1200 ET)

The company’s fourth-quarter profit beat Street estimates as the fourth-largest U.S. oil company was able to rein in costs in its pricier oil basins.

** FUSION-IO INC, $17.57, down 12.5 pct (0957 ET)

The storage drive maker slashed its fiscal 2013 revenue forecast as key customers Facebook Inc and Apple Inc delayed orders.

** FORTINET INC, $23.22, up 20 pct (0957 ET)

The company posted a better-than-expected quarterly profit, helped mainly by increased demand for its network security software from large U.S. enterprises.

** JDS UNIPHASE CORP, $14.82, up 20 pct (0958 ET)

** FINISAR CORP, $15.61, up 10 pct (1008 ET)

** CIENA CORP, $15.54, up 6 pct (1012 ET)

JDS reported on Wednesday a quarterly profit on higher demand for its products used in broadband networks in the Americas.

** SKYWORKS SOLUTIONS INC, $24.37, up 13 pct (0959 ET)

The supplier to Apple Inc forecast better-than-expected revenue for the traditionally slow second quarter. It also reported higher-than-expected quarterly results on improved demand for its chips used to connect cellphones to networks.

** CITRIX SYSTEMS INC, $74.05, up 10.5 pct (0959 ET)

The business software maker reported on Wednesday higher-than-expected quarterly results, helped by strong adoption of its desktop products among healthcare customers and the U.S. government.

** ALIGN TECHNOLOGY INC, $31.75, up 8.5 pct (1000 ET)

The dental products maker’s quarterly results beat market estimates on strong sales of its teeth aligner product, Invisalign.

** VANDA PHARMACEUTICALS INC, $3.92, down 9.7 pct (1000 ET)

The company said it will stop developing its experimental drug for major depressive disorder after it failed to meet the main goal of improving symptoms in patients in a clinical trial.

** LAS VEGAS SANDS CORP, $54.60, up 6 pct (1001 ET)

The casino operator owned by billionaire Sheldon Adelson on Wednesday posted quarterly revenue above estimates and boosted its quarterly dividend by 40 percent to 35 cents per share.

** VANGUARD NATURAL RESOURCES LLC, 27.66, down 4.4 pct (1002 ET)

The oil and gas producer said on Wednesday that it will offer 8 million common shares. It also granted a 30-day option to the underwriters to purchase an additional 1.2 million shares.

** TIME WARNER CABLE INC, $93.87, down 6.9 pct (1002 ET)

The second-largest U.S. cable operator reported quarterly profit above analysts’ estimates, helped by robust demand for high-speed data services.

** CORINTHIAN COLLEGES INC, $2.52, down 3.8 pct (1006 ET)

The for-profit education provider reported a quarterly loss and said new student enrollments dipped. It also received an investigative subpoena from the California Attorney General as part of a broader investigation of the for-profit education industry in California.

** ELIZABETH ARDEN INC, $37.14, down 19 pct (1007 ET)

The cosmetics makercut its full-year forecast after reporting lower-than-expected quarterly results due to weak sales at department stores and what it called a “major mass retail account” during the holiday season.

** OWENS ILLINOIS INC, $23.79, up 4.5 pct (1008 ET)

The glass container maker posted a better-than-expected quarterly profit as price increases outpaced the impact of rising costs, and said it expects modest volume growth in 2013.

** TRACTOR SUPPLY, $102.06, up 8 pct (1012 ET)

The farm and ranch products retailer reported a quarterly profit that trumped Wall Street expectations, helped by cost cuts that also helped margin growth. Gross margins rose to 33 percent from 32.5 percent in the quarter. The company also forecast strong same-store sales for the full year after reporting a 4.7 percent rise in same store sales in the fourth quarter.

** SAREPTA THERAPEUTICS INC, $26.45, down 2.6 pct (1014 ET)

The company was the second one in as many days to see its shares plunge as a result of a Twitter hoax on Wednesday after a user posed as an influential short-seller and alleged improprieties at the biopharmaceutical company.

** FREESCALE SEMICONDUCTOR LTD, $14.69, up 3.2 pct (1014 ET)

The chipmaker gave an upbeat revenue forecast and said it will seek to extend the maturity of $2.7 billion of its debt.

** APOLLO GLOBAL MANAGEMENT LLC, $21.94, up 4.8 pct (1211 ET)

Hostess Brands Inc said private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company’s snack cake brands including Hostess Twinkies and Dolly Madison.

** AVALONBAY COMMUNITIES INC, $130.67, down 3.7 pct (1016 ET)

The apartment landlord reported a 15 percent rise in a key earnings performance measure in the fourth quarter but warned that costs from the acquisition of some Archstone buildings would hurt its 2013 results.

** FLEETMATICS GROUP PLC, $24.77, down 5 pct (10:18 ET)

The software maker announced the pricing of 7.7 million shares at $25 apiece in a follow-on offering.

** CONOCOPHILLIP, $58.03, down 5 pct (1021 ET)

The U.S. oil and natural gas company issued a production forecast on Wednesday that fell short of some Wall Street expectations.

** PULTEGROUP INC, $20.23, down 3.9 pct (1009 ET)

RBC Capital Markets analyst Robert Wetenhall said investors were concerned that the homebuilder was at the risk of having to buy back bad mortgages it originated during the subprime lending boom, when underwriting standards for many were lax or non-existent.

** EDUCATION MANAGEMENT CORP O>, $3.88, up 10 pct (1127 ET)

The for-profit college chain reported second-quarter results on Wednesday that beat market expectations on higher student retention and improvement in new student demand at some of its colleges and universities.

The company, which has been under government pressure to tighten admission polices in the face of rising student debt, said it has increased its focus on vocational courses and revamped its scholarship and financial aid programs.

** CONCUR TECHNOLOGIES INC, $67.02, down 7.6 pct (1142 ET)

The software company reported better-than-expected first-quarter results on Wednesday but forecast second-quarter revenue below analysts’ estimates.

“Investors may have some concerns about the expense involved for the company to meet its full year revenue growth target of 30 percent,” Analyst David Hilal of FBR Capital Markets told Reuters.

** CARDIOVASCULAR SYSTEMS INC, up 18 percent, $16.00 (1156 ET)

The company’s shares rose the most in over two years after it forecast better-than-expected third-quarter revenue on the back of a strong second quarter, prompting Leerink Swann to raise its price on Cardiovascular’s stock by $2 to $16.

“Near term, we expect that continued solid quarterly reports and positive ORBIT II coronary clinical trial results should push the shares higher over the next 12 months,” Leerink analyst Danielle Antalffy wrote in a note. In the ORBIT II study, the company is evaluating the safety and effectiveness its orbital atherectomy technology in treating severely calcified coronary arteries.

** M/I HOMES INC, $25.04 down 9.5 pct (1156 ET)

The single-family homebuilder reported a fourth quarter profit of 23 cents per share. It missed analysts’ estimates of 27 cents per share, according to Thomson Reuters I/B/E/S. [ID: nASB00DZ4]

** CABOT CORP $39.72 down 7.5 pct (1202ET)

The company, which makes rubber and specialty grade carbon blacks and inkjet colorants, reported a first quarter profit that missed estimates and said it expects global tire demand to remain weak through the second quarter. The company reported a first quarter profit of 66 cents per share, below analysts’ estimates of 77 cents per share, according to Thomson Reuters I/B/E/S. [ID: nBw306451a] (Compiled by Neha Dimri in Bangalore)

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