November 5, 2014 / 2:38 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-Cognizant, Time Warner, gold and silver miners

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U.S. stocks rose at the open on Wednesday after the Republican Party took control of the Senate in the midterm elections, as expected, and a report on the labor market was stronger than expected. The Dow Jones industrial average was up 0.42 percent at 17,456.73, the S&P 500 was up 0.42 percent at 2,020.59 and the Nasdaq Composite was up 0.36 percent at 4,640.435.

** TRIPADVISOR INC, $71.8399, -14.26 pct

The travel review website reported a quarterly profit that missed analyst estimates by a wide margin as marketing costs jumped by nearly two-thirds and referral revenue lagged the company’s expectations.

** ELECSYS CORP, $17.3, +80.77 pct

Irrigation systems maker Lindsay Corp has agreed to buy the communications equipment maker for $70.5 million, or $17.50 per share in cash, a premium of about 83 percent to the stock’s close on Tuesday.

** FIREEYE INC, $29.19, -14.77 pct

The cyber security company forecast quarterly revenue largely below the average analyst expectation as customers increasingly shifted to subscription-based products, away from on-premise equipment that brought in revenue upfront.

** TIME WARNER INC, $77.33, +3.15 pct

The company reported a 3 percent rise in quarterly revenue, helped by growth in its Turner Networks unit and premium TV service Home Box Office (HBO).

** FIRST MAJESTIC SILVER CORP, $4.81, -3.99 pct

** PRIMERO MINING CORP, $3.17, -7.04 pct

** ENDEAVOUR SILVER CORP, $2.8, -5.08 pct

** SEABRIDGE GOLD INC, $6.06, -3.96 pct

U.S.-listed shares of gold and silver miners fell as spot gold sank to its lowest since mid-2010 while silver hit its weakest since February 2010.

** ARIAD PHARMACEUTICALS INC, $5.71, -2.89 pct

The drugmaker’s third quarter revenue of $14.7 million missed the market estimate of $16.5 million.

** STRATASYS LTD, $109.84, -9.41 pct

The 3D printer maker cut its profit forecast for 2014, citing its recent acquisition of computer-aided design systems developer GrabCAD and ongoing development costs.

** EOG RESOURCES INC, $93.62, +3.70 pct

The largest oil producer in the contiguous United States posted a better-than-expected quarterly profit on Tuesday thanks to jumping oil production in the Eagle Ford and Bakken shale formations.


The IT services provider reported a 12 percent rise in quarterly revenue due to higher spending by customers in North America and Europe.

** PENN WEST PETROLEUM LTD, $0, +0.00 pct

The company, one of Canada’s largest conventional oil producers, reported a third-quarter loss, hurt by a drop in production and weaker oil prices.

** ENDO INTERNATIONAL PLC, $70.65, +2.88 pct

The company, which is acquiring Auxilium Pharmaceuticals Inc , reported a better-than-expected quarterly profit due to a nearly 74 percent jump in sales of its generic drugs in the United States.

** ZULILY INC, $30.41, -15.43 pct

The company, which runs a website offering daily discounts on clothing, forecast fourth-quarter sales of $391.3-416.3 million, largely below analysts’ average estimate of $412.0 million.

** CHESAPEAKE ENERGY CORP, $22.51, +5.73 pct

The second-largest U.S. producer of natural gas on Wednesday reported an 8 percent rise in third-quarter profit, which topped Wall Street estimates on higher-than-expected output.

** CHUY’S HOLDINGS INC, $22.63, -24.99 pct

The restaurant operator cut its 2014 profit forecast late on Tuesday, blaming higher food costs.

** MONDELEZ INTERNATIONAL INC, $36.46, +4.08 pct

The maker of Oreo cookies and Cadbury chocolate raised its full-year forecast on Wednesday, even as it said its quarterly profit fell 11 percent on weak sales in Europe.


The medical contract research provider announced an offering of 13.3 million shares by selling stockholders, which include funds associated with Bain Capital Investors LLC and affiliates of TPG Global LLC.

** MAGNA INTERNATIONAL INC, $102.52, +5.72 pct

The Canadian auto parts maker and contract vehicle manufacturer reported a 47 percent jump in third-quarter earnings that beat analyst expectations, boosted by strong demand in North America.

** PIONEER NATURAL RESOURCES CO, $172.97, -4.39 pct

The oil and gas explorer said it would sell 5.75 million shares - about 4 percent of its total outstanding shares.

** HOMEAWAY INC, $31.07, -7.94 pct

The vacation rentals company forecast current-quarter and full-year revenue below the average analyst expectation.

** EXELIXIS INC, $1.72, +4.24 pct

The drugmaker said patients given its experimental lung cancer compound alone, or in combination with an already approved cancer treatment, prolonged the time before the disease progressed.

** ZAGG INC, $4.98, -26.66 pct

The consumer electronics accessories maker reported a surprise third-quarter loss, hurt by $9.6 million inventory write-down.

** PHOTOMEDEX INC, $3.32, +9.57 pct

The skin health company’s relief from debt repayment defaults was extended to Feb. 28, 2015 from the previous date of Oct. 31

** NU SKIN ENTERPRISES INC, $41.88, -16.94 pct

The direct seller of anti-ageing and nutritional products reported a 38.4 percent drop in quarterly profit as sales nearly halved in Greater China, its largest market.

** ACTIVISION BLIZZARD INC, $20.725, +3.88 pct

The videogame maker raised its full-year 2014 forecast after posting better-than-expected third-quarter results on robust sales of “Destiny” and a jump in “World of Warcraft” subscribers.

** TWENTY-FIRST CENTURY FOX INC, $34.515, +3.56 pct

Chief Operating Officer Chase Carey said the company was being “disciplined” about its options when considering streaming video offerings that bypass cable and satellite subscriptions.

** JIVE SOFTWARE INC, $6.7, +13.75 pct

The software company reported a smaller-than-expected loss, helped by recent JiveX cloud upgrades as well as new integrations with Microsoft Office and Google Inc.

** ALLOT COMMUNICATIONS LTD, $10.7, +1.42 pct

The company, which helps telecom operators monitor and allocate bandwidth, reported a 25 percent increase in third-quarter adjusted revenue, which rose to $30.1 million from a year earlier, helped by more orders for its products and the addition of new customers. (Compiled by Avik Das in Bangalore; Editing by Simon Jennings)

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