August 1, 2013 / 12:15 PM / 4 years ago

MARKET PULSE-Time Warner, Trulia, DreamWorks, Sturm Ruger, JC Penney

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Aug 1 (Reuters) - Some U.S. stocks to watch on Thursday:


U.S. stock index futures rose on Thursday, after economic data in Europe and China boosted hopes for the global economy and kept expectations for continued economic support from global central banks alive. S&P 500 futures rose 11.7 points, the Dow Jones industrial average futures gained 104 points, and Nasdaq 100 futures climbed 19.5 points.

** TIME WARNER CABLE INC, Wednesday close $114.07

The second-largest U.S. cable operator reported quarterly revenue below analysts’ estimates as it added less than half the number of subscribers for high-speed data services that analysts had expected.

** J.C. PENNEY CO, Wednesday close $14.60, up 8 pct premarket

The struggling department-store operator said a media report about commercial lender CIT Group stopping funding to its suppliers are untrue, as it has been told so directly by the lender.

** SONY CORP, Wednesday close $21.04, up 3 pct premarket

The company reported a higher than expected first-quarter operating profit on Thursday, boosted by strong sales of its flagship Xperia smartphones in Japan and rising shipments of image sensors to phone makers.

** PROCTER & GAMBLE CO, Wednesday close $80.30

** CLOROX CO, Wednesday close $85.94

Procter & Gamble Co’s quarterly profit fell less than expected and full-year’s earnings should rise at least as much as last year, indicating the world’s largest household products maker is making progress with Chief Executive A.G. Lafley back at the helm.

Results are also due from Clorox, and the fiscal fourth-quarter tallies from both companies should help show whether advertising enticed consumers to buy namebrand cleaning products and personal care goods.

** CHESAPEAKE ENERGY CORP, Wednesday close $23.30, up 3 pct premarket

The second-largest U.S producer of natural gas on Thursday reported a lower quarterly profit, as year-ago results were boosted by a gain from the sale of its gas gathering and processing business.

** MARATHON PETROLEUM CORP, Wednesday close $73.33

The third-largest standalone U.S. refiner reported a lower quarterly profit due to higher costs of the crude oil it processes.

** CONOCOPHILLIPS, Wednesday close $64.86

The largest independent U.S. exploration and production company reported a 10 percent drop in quarterly earnings. Net income fell to $2.05 billion, or $1.65 per share, in the second quarter, from $2.27 billion, or $1.80 per share, a year earlier.

** DIRECTV, Wednesday close $63.28, down 6 pct premarket

The satellite TV provider missed second-quarter earnings estimates as it lost more customers than expected in the United States and added fewer than expected in its Latin American unit.


The world’s largest medical contract research provider forecast a higher full-year profit than analysts had expected as more drugmakers use its services.

** CME GROUP INC, Wednesday close $74.06

The world’s biggest futures exchange operator reported a 27 percent rise in quarterly profit, beating analysts’ expectations, as trading surged.

** AUTOMATIC DATA PROCESSING INC, Wednesday close $72.09

The payroll processor reported an 11 percent fall in fourth-quarter profit, hurt by higher expenses. Net earnings from continuing operations fell to $227 million, or 47 cents per share, in the quarter ended June from $256.2 million, or 52 cents per share, a year earlier.

** ARENA PHARMACEUTICALS INC, Wednesday close $6.95, up 4 pct premarket

The drugmaker reported better-than-expected second-quarter results due to strong sales of its obesity drug, Belviq.

Arena’s quarterly profit of 18 cents per share beat analysts’ estimates of 15 cents per share, according to Thomson Reuters I/B/E/S.

** DREAMWORKS ANIMATION SKG INC, Wednesday close $24.76, up 6.7 pct after market

Brokerage Janney Capital Markets raised its price target on the animation film studio’s stock to $31 after the company reported a near-doubling of second-quarter profit due to the global success of its animated hit “The Croods”.

The company said worldwide box-office takings would propel its latest animated movie, “Turbo”, to a profit that few analysts had expected.

** STURM RUGER & CO INC, Wednesday close $50.87, up 6 pct aftermarket

The gun maker reported second-quarter results that beat analysts’ estimates as new products such as the LC380 pistol and the SR45 pistol drove up sales.

** ANIKA THERAPEUTICS INC, Wednesday close $20.11, up 17 pct after market

The medical company, which makes products for tissue healing and repair, reported quarterly results much above analysts’ expectations, helped by its ongoing cost reduction initiatives.

Net income for the second quarter rose to $5.9 million, or 40 cents per share, from $3.7 million, or 26 cents per share, in the prior-year quarter. Analysts had expected earnings of 23 cents a share.

** AFFYMETRIX INC, Wednesday close $3.80, up 11 pct after market

The gene technology company reported a better-than-expected quarterly profit, helped by a strong growth in its genetic analysis business.

The company posted adjusted earnings of 4 cents per share, compared to analysts’ expectations for a breakeven.

** TRULIA INC, Wednesday close $37.26, up 11 pct after market

The online real estate listing service reported better-than-expected second-quarter results on Wednesday, helped by an 89 percent rise in revenue from its marketplace business, and forecast current-quarter revenue above analysts’ estimates.

** QUICKLOGIC CORP, Wednesday close $2.77, up 10.11 pct after market

The chipmaker reported higher second-quarter sales, helped by a rise in revenue from its new products business. The company also reported a narrower quarterly loss from a year earlier.

** DYNEX CAPITAL INC, Wednesday close $9.61, down 10 pct after market

The company’s quarterly earnings were better than estimates, but it said its mortgage REIT portfolios experienced a volatile combination of rising rates and spreads during the second quarter that sent book values substantially lower.

KBW cut its price target on the company’ stock to $9.40 from $10.80.

** CTRIP.COM INTERNATIONAL LTD, Wednesday close $36.60, up 9 pct after market

The travel services provider reported second-quarter results well above analysts’ expectations as more people accessed its website on their mobile devices. Transactions from Ctrip mobile sites tripled year-over-year and contributed over 20 percent of hotel bookings and about 15 percent of air ticket booking, the company said late on Wednesday.

** STAMPS.COM INC, Wednesday close $39.86, up 9 pct after market

The online postal services provider forecast strong full-year results after reporting a better-than-expected quarter, helped by a 15 percent jump in postage revenue.

Brokerage B. Riley & Co raised its price target on the stock to $47.25 from $43.50 while Roth Capital Partners raised its price target to $42 from $40, following the results.

** THORATEC CORP, Wednesday close $32.79, up 8 pct after market

The cardiac-device maker reported better-than-expected second-quarter results on Wednesday as revenue rose 10 percent, driven by higher sales of its HeartMate product line.

Thoratec’s quarterly profit of 52 cents per share beat analysts’ estimates of 43 cents per share, according to Thomson Reuters I/B/E/S.

** LIVEPERSON INC, Wednesday close $9.24, up 7.4 pct after market

The chat software provider reported better-than-expected second-quarter revenue, helped by higher bookings, and forecast current-quarter results largely above analysts’ expectations.

** U.S. SILICA HOLDINGS INC, Wednesday close $24.20, down 7 pct

The No. 2 U.S. commercial silica maker on Wednesday reported a lower-than-expected quarterly profit due to lower prices as well as weaker drilling activity in North Dakota’s Bakken shale field.

** PGT INC, Wednesday close $10, up 7 pct after market

The maker of residential impact-resistant windows and doors reported second-quarter sales that were the highest quarterly sales since 2007, helped by a strengthening U.S. housing market, especially in south Florida.

** OPEN TEXT CORP, Wednesday close $70.53, down 7 pct aftermarket

The Business software maker earned less in long-term license fees than analysts had expected in the fourth quarter, offsetting gains from its push into cloud computing.

** INTEGRATED SILICON SOLUTION INC, Wednesday close $11.97, down 4.3 pct after market

The chipmaker, which designs and markets integrated circuits, reported a lower-than-expected third-quarter revenue. The company also forecast current-quarter results below analysts’ estimates, citing caution in an uncertain economic environment.

** ROVI CORP, Wednesday close $22.53, down 4 pct after market

Rovi, whose software is used in home entertainment devices to play various digital media formats, reported lower-than-expected second-quarter revenue on Wednesday, and lowered its 2013 revenue outlook to account for the discontinuation of its consumer website businesses.

The company said it entered into agreements to sell its entertainment store and consumer website businesses to focus on its core operations.

** BOYD GAMING CORP, Wednesday close $13.31, down 3.5 pct premarket

The casino operator said on Wednesday that it will offer 15 million common stock in an underwritten public offering and use part of the proceeds to redeem notes due in 2016.

** WHOLE FOODS MARKET INC, Wednesday close $55.58, down 2 pct premarket

The company on Wednesday posted a third-quarter profit that beat Wall Street’s estimates, but said growth rate for the closely watched same-store sales has slowed in the current quarter.

** VIVUS INC, Wednesday close $14.82, up 1.8 pct premarket

The obesity drugmaker said on Thursday that it entered into an agreement with Sanofi SA’s unit, under which the company will manufacture and supply the active pharmaceutical ingredient for Vivus’ erectile dysfunction drug, avanafil, exclusively in the United States and on a semi-exclusive basis in the European Union and Latin America.

** RUCKUS WIRELESS INC, Wednesday close $13.31

The company reported second-quarter results above analysts’ estimates, as mobile and broadband service providers bought more Wi-Fi devices to cater for surging consumer demand.

Ruckus also said it was chosen by Telefonica UK for deploying Wi-Fi products for its free Wi-Fi service in and around London’s Canary Wharf.

** YELP INC, Wednesday close $41.80

The consumer reviews website reported a smaller quarterly loss, helped by strength in its mobile advertising business.

** AVON PRODUCTS INC, Wednesday close $22.86

The largest direct seller of cosmetics, reports second-quarter results. The company has been making itself over under CEO Sheri McCoy, who came on board in 2012.

** EXXON MOBIL CORP, Wednesday close $93.75

** APACHE CORP, Wednesday close $80.25

** TESORO CORP, Wednesday close $56.85

The U.S. oil and gas companies are due to report second-quarter earnings.

** NEW YORK TIMES CO, Wednesday close $12.18

The New York Times is expected to report a higher profit for the second quarter on cost cuts, and revenue is anticipated to decline. The big question is the sustainability of the New York Times online subscription model since it launched over two years ago and if it will be able to save the flagship newspaper from a persistent ad slump that shows no signs of reversing.

** CABLEVISION SYSTEMS CORP, Wednesday close $18.69

The U.S. no. 1 satellite provider reports quarterly results and may update investors on how negotiations are progressing with the National Football League over the exclusive “NFL Sunday Ticket” package that brings millions of subscribers to the service every year. The contract expires next year.

** LIFELOCK INC, Wednesday close $11.37

The identity theft protection company raised its full-year revenue forecast after reporting better-than-expected second-quarter results due to a rise in demand for its services from both consumers and businesses.

Needham & Co has raised its price target on the stock to $15 from $13. (Compiled by Rohit T.K. in Bangalore)

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