November 6, 2014 / 2:47 PM / in 4 years

BUZZ-U.S. Stocks on the Move-Aeterna Zentaris, Tableau, Kate Spade

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U.S. stocks opened little changed on Thursday as weak earnings, including from Qualcomm and Genworth Financial, were offset by market-friendly comments by European Central Bank President Mario Draghi. The Dow Jones industrial average was up 0.14 percent at 17,508.7, the S&P 500 was up 0.02 percent at 2,024.02 and the Nasdaq Composite was up 0.03 percent at 4,622.242.

** QUALCOMM INC, $70.01, -9.31 pct

The company warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.

As many as nine brokerages cut their price targets on the stock on Thursday.

** GENWORTH FINANCIAL INC, $9.28, -34.04 pct

The mortgage insurer reported a surprise third-quarter loss, hurt by losses at its U.S. life Insurance business.

** AETERNA ZENTARIS INC, $0.665, -48.45 pct

The drugmaker said the U.S. Food and Drug Administration rejected macimorelin, an experimental test designed to determine if adults’ pituitary glands are secreting enough growth hormone.

** KATE SPADE & CO, $30.18, +14.93 pct

The company reported a 30 percent rise in third-quarter sales as demand for its handbags and accessories increased in North America, its biggest market.

** HOSPIRA INC, $55.38, +4.29 pct

The drugmaker reported a 14.1 percent rise in quarterly revenue as it charged higher prices and sold more of its injectable drugs.

** GENERAC HOLDINGS INC, $39.66, -8.87 pct

The generator maker said it expects a mid single-digit percentage fall in 2014 revenue, hurt by fewer-than-usual power outages in United States

** AMERICAN CAPITAL LTD, $16.002, +9.15 pct

The private equity firm and asset manager said it plans to split into 3 companies by spinning off most of its investment assets into 2 publicly-traded business development companies and continue as an asset manager.

** RANDGOLD RESOURCES LTD, $63.72, +7.71 pct

The chief executive of the gold miner said production will be towards the top end of the company’s full-year forecast as its big new project in the Democratic Republic of Congo picks up speed.

** THORATEC CORP, $25.94, -4.07 pct

The heart device maker’s third quarter revenue fell 16 percent to $$105.8 million, missing analysts’ estimates.

** AES CORP, $13.35, -4.30 pct

The power company lowered its full-year adjusted earnings forecast to $1.25-1.31 from $1.30-$1.38 due to lower water inflows at plants and a higher-than-expected tax rate.

** TABLEAU SOFTWARE INC, $87.82, +14.80 pct

At least seven brokerages raised their price targets on the data analytics software maker’s shares by as much as $22 to as much as $130 after it reported better-than-expected third quarter profit and revenue on Wednesday.

** ANN INC, $35.08, -4.15 pct

The women’s wear retailer, under pressure from some hedge funds to sell itself, lowered its full-year sales outlook.

** DRYSHIPS INC, $1.547, +5.96 pct

The drybulk shipper reported a third quarter profit compared with a loss in the year-earlier quarter, helped by higher voyage revenue and a rise in drilling contracts.

** TESLA MOTORS INC, $239.56, +3.72 pct

The electric-car maker beat analysts’ expectations for third-quarter results. The automaker said its quarterly loss nearly doubled from a year ago to $75 million, as manufacturing, sales and development expenses increased to meet rising demand for its Model S sedan.

** MOLYCORP INC, $1.29, -8.51 pct

The company, which produces 13 different rare metals used in industries such as consumer electronics and defense, reported a much bigger quarterly loss, hurt by lower prices of rare-earth metals and a steep jump in production costs.

** CF INDUSTRIES, $245.37, -3.26 pct

The U.S. fertilizer producer reported a 44 percent drop in third quarter profit on Wednesday, a steeper than expected fall.

** WHOLE FOODS MARKET INC, $44.36, +10.93 pct

The upscale grocer reported a better-than-expected quarterly profit as the company increased its market share and launched new products.

** QEP RESOURCES INC, $25.48, +4.26 pct

The oil and gas company said on Wednesday that its third quarter net income rose more than 4-fold to $171.1 million due to higher crude oil production

** NEWS CORP, $15.755, +2.97 pct

The publisher of the Wall Street Journal reported quarterly revenue and profit above estimates, helped by higher sales at its book publishing and online real estate businesses.

** PETROLEO BRASILEIRO SA, $10.72, -3.94 pct

Brazil’s state-run oil company has no date or size for a widely expected increase in the domestic price of gasoline and diesel, the company said on Wednesday.

** PRUDENTIAL FINANCIAL INC, $85.14, -4.24 pct

The second-largest U.S. life insurer reported a quarterly profit that fell short of market estimates by a wide margin, mainly due to losses tied to its derivatives program. (Compiled by Avik Das in Bangalore; Editing by Simon Jennings)

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