August 8, 2014 / 11:32 AM / 4 years ago

BUZZ-U.S. Stocks on the Move-Tekmira, Pfizer, Yahoo, Zynga, Gap

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index e-mini futures rose on Friday: Dow Jones industrial average futures were up 0.07 percent at 16,332, S&P 500 futures were up 0.16 percent at 1,908.25 and Nasdaq 100 futures were up 0.14 percent at 3,862.25.

** TEKMIRA PHARMACEUTICALS CORP, Thursday close $14.27, +16.33 pct premarket

The bitechnology company said on Thursday that the U.S. Food and Drug Administration had modified its clinical hold status on its experimental Ebola treatment to enable its potential use in humans infected with the virus.

** ZYNGA INC, Thursday close $2.92, -10.27 pct premarket

The San Francisco-based mobile gaming company on Thursday reported unexpectedly weaker second-quarter bookings, and slashed its 2014 forecast after saying it had delayed several games including a revamped version of “Zynga Poker”.

** FREEPORT-MCMORAN INC, Thursday close $36.15, -0.64 pct premarket

The natural resources company has contacted potential buyers about selling its onshore oil wells in California, which could fetch as much as $5 billion, people familiar with the matter said.

** SOLARCITY CORP, Thursday close $75.63, +4.98 pct premarket

The solar company reported a smaller-than-expected quarterly loss, citing “unprecedented demand”. The company, backed by Tesla Motors Inc founder Elon Musk, said it added more than 30,000 customers in the second quarter ended June 30, compared with 8,559 a year earlier.


The U.S. arm of Spanish lender Banco Santander SA said it has recently received a civil subpoena from the U.S. Department of Justice related to its nonprime auto loans.

** LULULEMON ATHLETICA INC, Thursday close $39.03, +5.05 pct premarket

The athletic wear retailer’s founder Chip Wilson will sell half of his 27 percent stake in the company to PE firm Advent International for $845 million. The sale is part of the deal in which Wilson agreed not to wage a proxy contest until after the annual shareholder meeting in 2016.

** GAP INC, Thursday close $40.2, +4.5 pct after market

The apparel retailer estimated second-quarter adjusted earnings between 68 cents and 69 cents per share. Analysts on average expect a profit of 66 cents per share.

** POST HOLDINGS INC, Thursday close $44.51, -12 pct after market

The packaged food maker reported an adjusted loss of 30 cents per share for the third quarter, while analysts had expected a profit of 27 cents. The company also forecast a full-year profit before interest, taxes, depreciation and amortization of $260 million-$270 million, short of analysts’ expectations of $390 million.

** MINERVA NEUROSCIENCES INC, Thursday close $7, -9 pct after market

The drug developer reported a net loss of $19.4 million, or $2.55 per share in the second quarter, compared with loss of $400,000, or 10 cents per share, a year earlier.

** INSULET CORP, Thursday close $35.84, -7 pct after market

The medical device maker cut its full-year revenue forecast, citing changes in a payer’s general pump reimbursement policies that is delaying new patient starts.

** ARISTA NETWORKS INC, Thursday close $72.22, +12.16 pct premarket

The network switch maker reported a better-than-expected adjusted profit in the second quarter and forecast third quarter revenue of $142-$150 million, above the average estimate of $134 million.

** RUBICON TECHNOLOGY INC, Thursday close $7.49, -13 pct after market

The company, which makes sapphire-based components used in electronic devices, forecast a third-quarter adjusted loss of 39-44 cents per share on revenue of $8-$12 million. Analysts on average estimated a loss of 27 cents per share on revenue of $16.4 million.

** EBIX INC, Thursday close $13.23, +11.6 pct after market

The insurance software maker declared a quarterly dividend of 7.5 cents per share.

** MERCADOLIBRE INC, Thursday close $92.44, +14.7 pct after market

The Argentina-based online retailer reported better-than-expected adjusted profit and revenue for the second quarter. Gross merchandise volume rose 67 percent while total payments rose 77 percent on a constant currency basis.

** SALIX PHARMACEUTICALS LTD, Thursday close $133.55, -5 pct after market

The drug company forecast lower-than-expected third-quarter revenue. The company also reported second-quarter results that missed the average analyst estimate.

** NEWS CORP, Thursday close $17.42

The publisher of the Wall Street Journal reported better-than-expected quarterly revenue as growth in its book publishing business helped to make up for a decline in revenue in its bigger news and information division.

** PFIZER INC, Thursday close $28.04, -0.21 pct premarket

The pharmaceutical giant is facing a mounting wave of lawsuits by women who allege that the company knew about possible serious side effects of its blockbuster anti-cholesterol drug Lipitor but never properly warned the public.

** YAHOO INC, Thursday close $35.66, +0.06 pct premarket

The company said it will join Google Inc to create a secure email system by next year that could make it nearly impossible for hackers or government officials to read users’ messages, The Wall Street Journal reported. (Reporting By Simon Jennings)

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