February 6, 2015 / 12:12 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Twitter, GoPro, LinkedIn, GrubHub

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures were up slightly on Friday: Dow Jones industrial average futures were up 0.13 percent at 17,807, S&P 500 futures were up 0.11 percent at 2,057.25 and Nasdaq 100 futures were up 0.11 percent at 4,252.

** TWITTER INC, Thursday close $41.26, +9.11 pct premarket

The microblogging website company said on Thursday that it was signing up users as quickly as most of last year after a fourth-quarter slowdown. Twitter beat Wall Street’s profit and revenue targets in the fourth quarter. User growth weakened in the quarter, but picked up in the new year, Chief Executive Dick Costolo said in a statement.

** LINKEDIN CORP, Thursday close $237.97, +10.15 pct premarket

The corporate networking site reported a higher-than-expected 44 percent jump in quarterly revenue as more businesses used its services to assess candidates for employment.

** GOPRO INC, Thursday close $54.37, -12.75 pct premarket

The action camera maker forecast a current-quarter profit that could miss Wall Street expectations and said its chief operating officer was resigning.

** GRUBHUB INC, Thursday close $39.76, +1.96 pct premarket

The company forecast better-than-expected revenue for the current quarter, bolstered by two acquisitions that will allow it to deliver food from 3,000 restaurants direct to U.S. customers.

At least 7 brokerages raised their price targets on the stock by as much as $6 to as high as $50.

** EBAY INC, Thursday close $54.29

The e-commerce company raised its reported fourth-quarter net income by $87 million to reflect a reduction in income tax expense.

** HARRIS CORP, Thursday close $69.49

** EXELIS INC, Thursday close $17.71

Communications equipment maker Harris said it would buy defense contractor Exelis in a cash-and-stock deal valued at about $4.75 billion.

** ELIZABETH ARDEN INC, Thursday close $15.38, -5.70 pct after market

The company reported a bigger-than-expected 20 percent drop in quarterly revenue, citing lower sales of its celebrity fragrances and changes to the way its beauty products are distributed in China.

** VERIZON COMMUNICATIONS INC, Thursday close $47.86, +0.31 pct premarket

** FRONTIER COMMUNICATIONS CORP, Thursday close $7.7

Verizon said it would sell its wireline assets to Frontier for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that would help it pay off recent wireless spectrum purchases.

** BLACKBERRY LTD, Thursday close $10.09

The U.S. Securities and Exchange Commission is investigating a Jan. 14 spike in trading in BlackBerry options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation.

** NEWS CORP, Thursday close $15.73

The owner of the Wall Street Journal and HarperCollins reported quarterly revenue and a profit just above analysts’ consensus forecast as its book publishing and real estate businesses offset dwindling print revenue.

** ACTIVISION BLIZZARD INC, Thursday close $21.82

The videogame maker, known for its “Call of Duty” and “Destiny” titles, forecast revenue for the first quarter below market estimates, factoring in the impact of a strengthening dollar.{ID:nL4N0VF70H] (Compiled by Avik Das in Bengaluru; Editing by Kirti Pandey)

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