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U.S. stocks were buoyed on Wednesday by earnings including Apple and Boeing, but a sharp drop in energy shares cut into gains, leaving indexes little changed. The Dow Jones industrial average was up 0.26 percent at 17,432, the S&P 500 was up 0.10 percent at 2,031.58 and the Nasdaq Composite was up 0.55 percent at 4,707.297.
** APPLE INC, $117.58, +7.73 pct
** AVAGO TECHNOLOGIES INC, $106.45, +1.58 pct
** NXP SEMICONDUCTORS NV, $80.0776, +2.63 pct
** SKYWORKS SOLUTIONS INC, $82.79, +1.56 pct
Apple’s quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.
The company’s blockbuster results and a ballooning cash pile may prompt it to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors.
Shares of Apple component suppliers Avago, NXP and Skyworks also rose.
** BOEING CO, $140.51, +6.06 pct
The aircraft maker reported a 19 percent increase in quarterly profit, helped by booming demand for commercial aircraft.
Officials from Boeing and the U.S. Army said they had begun discussions about a multiyear agreement to buy about 240 AH-64 Apache helicopters from fiscal 2017 to 2021, a deal that analysts say could be worth around $4 billion.
** ABIOMED INC, $49.895, +29.16 pct
The medical device maker raised its full-year revenue forecast and said the U.S. Food and Drug Administration had approved its heart pump.
** YAHOO INC, $49.05, +2.21 pct
** ALIBABA GROUP HOLDINGS INC, $100.42, -2.45 pct
Yahoo plans to spin off its 15 percent stake in China’s Alibaba, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
A China regulator has accused Alibaba of failing to clean up what it called illegal business deals on the e-commerce titan’s platforms, in an unusually strong government criticism of one of the country’s biggest private firms.
** EXXON MOBIL CORP, $89.6, -1.48 pct
** CHEVRON CORP, $106.04, -2.05 pct
** ROYAL DUTCH SHELL PLC, $65.1, -2.38 pct
** TOTAL SA, $51.52, -2.98 pct
** HALLIBURTON CO, $39.93, -3.78 pct
** SCHLUMBERGER LTD, $81.9, -3.13 pct
** BAKER HUGHES INC, $57.62, -2.82 pct
** C&J ENERGY SERVICES INC, $10.4, -9.72 pct
** NATIONAL OILWELL VARCO INC, $54.37, -5.77 pct
** NABORS INDUSTRIES LTD, $10.74, -9.60 pct
** PRECISION DRILLING CORP, $4.93, -10.69 pct
** HELMERICH & PAYNE INC, $59.81, -6.27 pct
** DIAMOND OFFSHORE DRILLING INC, $32.881, -4.08 pct
** BILL BARRETT CORP, $9, -16.82 pct
** PIONEER ENERGY SERVICES CORP, $4.01, -10.69 pct
** STONE ENERGY CORP, $13.42, -8.83 pct
** ULTRA PETROLEUM CORP, $12.54, -8.13 pct
** DENBURY RESOURCES INC, $6.58, -7.84 pct
Oil slipped below $49 a barrel after the U.S. Energy Information Administration said domestic crude oil stocks rose by almost 9 million barrels last week to reach nearly 407 million, their highest since the government began keeping records in 1982.
** PLURISTEM THERAPEUTICS INC, $3.41, +21.79 pct
The Israeli drug developer presented its experimental cell therapy at Cell & Gene Therapy Forum 2015.
** FREESCALE SEMICONDUCTOR LTD, $31.37, +19.05 pct
At least six brokerages raised their price targets on the stock after the company reported a quarterly profit well above the average analyst estimate.
** TUPPERWARE BRANDS CORP, $67.3, +12.65 pct
The food container maker reported fourth-quarter adjusted profit and sales above estimates as demand rose in emerging markets.
** U.S. STEEL CORP, $24.05, +13.07 pct
The steel maker on Tuesday warned that low oil prices and the strong U.S. dollar could negatively impact its business in 2015 but said the potential for U.S. higher consumer spending could help lift demand.
** APRICUS BIOSCIENCES INC, $1.4099, +15.57 pct
The drug developer said its experimental drug, RayVa, which is potential treatment for Raynaud’s phenomenon, a painful circulatory disorder affecting hands and feet, was granted U.S. patent by U.S. Patent and Trademark Office.
** ELECTRONIC ARTS INC, $54.85, +13.30 pct
The publisher of the “FIFA” and “Madden NFL” video games posted better-than-expected quarterly profit and revenue, helped by growth in digital revenue and strong sales of its sports titles.
** MERITOR INC, $13.38, -11.21 pct
The truck parts maker reported lower-than-expected first-quarter sales of $879 million, hurt by lower commercial truck production and lower revenue from its defense business.
** DORAL FINANCIAL CORP, $3.18, -10.92 pct
Federal Deposit Insurance Corp (FDIC) asked the bank to increase Tier 1 capital to a level sufficient to be categorized as “adequately capitalized”.
** ASCENDIS PHARMA A/S, $19.9799, +11.00 pct
The Danish pharma company’s IPO raised about $108 million. The company prices offering at top end of expected price range of $16-$18.
** PLUG POWER INC, $2.9501, -7.23 pct
The fuel-cell maker toned down its sales outlook for 2015, saying it had decided to put out numbers “people could rely” on after receiving “a lot of criticism for under-delivering.”
** TWITTER INC, $38.2, -1.85 pct
** FACEBOOK INC, $77.41, +2.15 pct
Facebook to sell ads during Superbowl, targeting people on what they talk about real time. Twitter is the leader in the arena.
** AOL INC, $44.09, -8.24 pct
Wells Fargo downgraded the stock to “market perform”, citing increasing competition from Facebook, Yahoo and Google’s YouTube in video advertising market.
** WESTERN DIGITAL CORP, $100.71, +3.15 pct
The world’s No. 1 hard-disk drive maker reported second-quarter results slightly ahead of Wall Street expectations on strong demand for its solid-state drives from enterprise customers.
** TEXTRON INC, $42.98, +3.89 pct
The company’s fourth-quarter revenue at its Textron Aviation business, which makes Cessna and Hawker business jets, rose 65 percent, helped by Beechcraft acquisition.
** JUNIPER NETWORKS INC, $23.13, +5.96 pct
The network gear maker reported a better-than-expected adjusted quarterly profit as cost-cutting paid off.
** TOTAL SYSTEM SERVICES, $36.49, +6.63 pct
The payment processor reported a fourth-quarter adjusted profit of 58 cents per share from continuing operations on Tuesday, beating the average analyst estimate of 53 cents per share.
** FXCM INC, $2.46, +3.36 pct
The retail currency broker said it would “forgive” about 90 percent of its clients for negative balances in certain jurisdictions as a result of the Swiss National Bank’s decision to remove the cap on the Swiss franc.
** OPEN TEXT CORP, $55.11, -7.52 pct
The Canadian business-software maker’s quarterly revenue fell short of market expectations, hit by a strong U.S. dollar and weaker-than-expected revenue from its emerging markets business.
** AK STEEL HOLDING CORP, $4.05, -4.71 pct
BMO cut its price target on the stock to $5 from $6, citing weaker finished steel prices and lower demand.
** SONY CORP, $23.68, +2.69 pct
The consumer electronics, media and entertainment services company plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said.
** GENTEX CORP, $16.16, -7.66 pct
The dimmable aircraft windows maker’s fourth-quarter profit and revenue missed analysts’ average estimate due to higher manufacturing costs and price cuts.
** STMICROELECTRONICS NV, $8.15, -2.28 pct
Europe’s largest semiconductor maker has predicted a return to revenue growth in 2015, but gave few signs of reaping the anticipated currency benefits that have helped propel the stock 21 percent higher this month.
** NOAH HOLDINGS LTD, $18.48, -2.94 pct
Greenwoods Asset Management, Hillhouse Capital Management and Keywise Capital Management to purchase $80 million of company’s convertible notes.
** KCG HOLDINGS INC, $12.22, +2.09 pct
The financial services provider said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash.
** CENOVUS ENERGY INC, $18.77, -5.49 pct
Canada’s No. 2 independent oil producer cut its capital spending budget for 2015 in response to the slump in crude oil prices.
** PETROBRAS, $6.775, -9.06 pct
The Brazilian state-run company reported a third-quarter unaudited net profit of $1.20 billion after its board said it was impractical to estimate the value of expected charges against earnings related to a corruption scandal.
** WEATHERFORD INTERNATIONAL PLC, $10.62, -5.26 pct
The oil services company said it would eliminate the position of chief operating officer as it copes with a 60 percent slide in global crude oil prices.
** COMMSCOPE HOLDING CO INC, $26.86, +5.05 pct
** TE CONNECTIVITY, $68.77, +6.41 pct
Telecom equipment maker CommScope said it will buy Swiss electronics firm TE Connectivity’s network equipment business for about $3 billion in cash to expand in Europe and Asia.
** HESS CORP, $67.84, -5.26 pct
The oil and natural gas producer reported a loss compared with a profit a year earlier, when it reported after-tax gains of $1.34 billion related to asset sales.
** CGI GROUP INC, $39.07, +3.28 pct
The information technology and outsourcing services provider posted a 25 percent rise in quarterly profit, helped by lower expenses and higher earnings from the United States and the UK.
** ANI PHARMACEUTICALS INC, $57.78, +7.62 pct
** GENTIVA HEALTH SERVICES INC, $19.54, +0.15 pct
Generic drugmaker ANI will replace home-healthcare provider Gentiva in the S&P SmallCap 600 after close of trading on Feb. 2.
** SYNERGY RESOURCES CORP, $11.22, -6.19 pct
The oil and gas producer sold 16.2 million shares at $10.75, a 10 percent discount to the stock’s Tuesday close. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Maju Samuel)