November 4, 2014 / 11:54 AM / 4 years ago

BUZZ-U.S. Stocks on the Move-Sprint, AIG, RetailMeNot, Herbalife

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U.S. stock index e-mini futures fell on Tuesday: Dow Jones industrial average futures were down 0.11 percent at 17,266, S&P 500 futures were down 0.17 percent at 2,007.5 and Nasdaq 100 futures were down 0.16 percent at 4,150.75.

** SPRINT CORP, Monday close $6.2, -9.03 pct premarket

The third-largest U.S. carrier said on Monday it would fire 2,000 employees and lowered its 2014 adjusted earnings forecast as the company attempts to cut costs and turn around several quarters of losses.

** ALIBABA GROUP HOLDING LTD, Monday close $101.8, +3.04 pct premarket

The Chinese e-commerce giant’s first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searching for inauspicious signs.

** HERBALIFE LTD, Monday close $55.9, -15.56 pct premarket

The maker of weight-loss and nutritional products slashed its full-year revenue and adjusted profit forecasts as it wrote down the value of its Venezuelan assets.

** LEAPFROG ENTERPRISES INC, Monday close $5.43, -11.23 pct premarket

The toy maker reported a bigger-than-expected quarterly loss, hurt partly by inventory carry-overs of tablets from the holiday season last year and a delay in its first shipments of Leap TV to the current quarter.

** Knightsbridge Shipping Ltd, Monday close $8.28, -5.43 pct premarket

** NAVIOS MARITIME PARTNERS LP, Monday close $16.59, -3.50 pct premarket

Analysts at Morgan Stanley slashed their price target on Knightsbridge’s stock to $8 from $14, citing weak charter rates and cut their rating on Navios Maritime’s stock to “underweight” from “equal weight” on concerns about a dividend cut.

** JPMORGAN CHASE & CO, Monday close $60.88

The bank said the U.S. Justice Department was conducting a criminal investigation into its foreign exchange business.

** BANK OF NOVA SCOTIA, Monday close $60.53

Canada’s No. 3 lender said on Tuesday it was cutting about 1,500 jobs and would take a pre-tax charge of C$451 million ($396 million) in the quarter ended Oct. 31.


The insurer reported better-than-expected third quarter earnings on Monday, bolstered in part by an improved performance at its core insurance operations.

** RETAILMENOT INC, Monday close $20.4

The online coupon company said its chief financial officer had resigned as it forecast weak quarterly revenue and its shares sank in extended trading.

** CHEGG INC, Monday close $6.57

The Internet textbook rental and student services company forecast fourth-quarter revenue below Wall Street targets.

** NUTRISYSTEM INC, Monday close $16.87

The weight-loss product maker reported better-than-expected profit and revenue, helped by an increase in demand and the price of its products.

** TEXAS ROADHOUSE INC, Monday close $29.28

The casual dining chain reported better-than-expected quarterly sales, helped by a 4.4 percent jump in traffic. The company reported total third-quarter revenue of $385.2 million, above the average analyst estimate of $375.9 million, according to Thomson Reuters I/B/E/S.

** BORDERFREE INC, Monday close $10.84

The e-commerce service provider reported an adjusted third-quarter loss of 3 cents per share on revenue of $31.3 million, lower than average analyst expectation of a loss of 1 cent per share on revenue of $31.7 million.

** COMMUNITY HEALTH SYSTEMS INC, Monday close $55.43

The hospital operator reported a better-than-expected quarterly profit as admissions in its hospitals soared 49 percent.

** TENET HEALTHCARE CORP, Monday close $56.72

The third-largest U.S. for-profit hospital chain posted a lower third-quarter net profit on Monday due to higher interest expenses for its acquisition of Vanguard Health Systems.

** MARATHON OIL CORP, Monday close $34.57

The U.S. oil producer said on Monday that quarterly profit fell 24 percent, as a slide in the price of crude offset higher oil and natural gas production from shale wells.

** WALT DISNEY CO, Monday close $91.71

The company said it would expand its cloud-based movie service to include purchases made through the Google Play online store, the latest in a string of moves by Hollywood studios to encourage digital ownership.

** PROCTER & GAMBLE, Monday close $87.38

The world’s No.1 household products maker said on Monday that it had temporarily suspended operations in Argentina after the country’s tax authority, which has accused the company of tax fraud, said it started meetings with it. (Compiled by Avik Das in Bangalore; Editing by Simon Jennings)

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