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The Dow Jones Industrial Average was on track to break its 10-day record-setting streak on Friday, as investors reassessed the “Trump rally” after recent comments suggested that pro-growth policies might take longer to be implemented.
The Dow Jones Industrial Average was down 0.29 percent at 20,750.15, the S&P 500 was down 0.27 percent at 2,357.52 and the Nasdaq Composite was down 0.27 percent at 5,819.804.
** PHARMERICA CORP, $24.45, -8.60 pct
The pharmacy services provider forecasts 2017 adjusted profit of $1.75-$1.95 per share, well below the average analyst estimate of $2.18.
** CEMPRA INC, $4.25, +34.92 pct
The drug developer said its oral experimental drug to treat acute bacterial skin infections met the main goal of a late-stage study.
** RH, $31.76, +26.08 pct
The luxury furniture retailer reported preliminary adjusted net revenue of about $590 million for the fourth quarter, ahead of the average analyst estimate of $583.5 million and announced a $300 million repurchase program.
** ACACIA COMMUNICATIONS INC, $54.86, -13.51 pct
The optical networking company’s fourth-quarter top-line and bottom-line beat estimates, but its first-quarter earnings per share and sales forecast missed Street expectations due to lower-than-anticipated order rate from larger customers.
** J.C. PENNEY CO INC, $6.24, -9.11 pct
The department store operator said it would close 130-140 stores over the next few months, and reported a bigger-than-expected drop in same-store sales for the holiday quarter.
** APPLE INC, $135.98, -0.41 pct
The company’s shares dipped after a video of an iPhone 7 Plus beginning to smoke widely has been shared on Twitter, sending shares down.
** ACADIA HEALTHCARE CO INC, $45.20, +4.53 pct
The behavioral healthcare provider reported better-than-expected fourth-quarter earnings, helped by an increase in same facility revenue.
** HI CRUSH PARTNERS LP, $18.40, -10.46 pct
The frac sand MLP offers 20.5 million units at $18, a 12.4 percent discount to its Thursday close.
** UNIVERSAL DISPLAY CORP, $81.73, +21.17 pct
The telephone and mobile display maker reported fourth-quarter revenue and profit ahead of Street estimates, helped by higher royalty and license fees and contract research services revenue.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $16.26, -1.93 pct
Wells Fargo analyst David Maris said the Canadian drugmaker’s shares are overvalued at current levels, sending shares down.
** SOUTHWESTERN ENERGY CO, $7.84, -6.11 pct
The energy producer reported a much smaller-than-expected quarterly adjusted EPS for the second straight quarter.
** HEWLETT PACKARD ENTERPRISE, $22.66, -8.13 pct
The IT services provider cut its full-year profit forecast, as the corporate hardware and enterprise software business of Hewlett-Packard Co faces intense competition in its cloud-related business and struggles with a strong dollar.
** WATSCO INC, $146.73, -3.52 pct
No. 1 holder United Technologies divests its stake in the air conditioner parts distributor.
** NORDIC AMERICAN OFFSHORE LTD, $1.20, -41.46 pct
The offshore service provider announced a public offering of 33.3 million common shares and said it would use proceeds for general corporate purposes, working capital purposes and expansion of its fleet.
** DIGITALGLOBE INC, $31.45, -7.64 pct
MacDonald Dettwiler and Associates Ltd said it had agreed to buy U.S.-based satellite imagery provider DigitalGlobe Inc for about C$3.10 billion ($2.40 billion) to strengthen its position in the U.S. market.
** ALPHABET INC, $844.34, -0.78 pct
Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology.
** BAIDU INC, $175.77, -4.80 pct
The Chinese internet search giant revenue fell for a second straight quarter, hurt by a government crackdown on healthcare advertising, but the internet search giant expects a rebound this year as it retools to find growth outside its core ad business.
** HILTON WORLDWIDE HOLDINGS INC, $57.74, +0.93 pct
The owner of the Waldorf Astoria hotel chain said it would buy back up to $1 billion of its shares, and that it would change its corporate name to “Hilton Inc”, effective March 6.
** MAGNA INTERNATIONAL INC, $42.89, -5.01 pct
The Canadian auto parts maker reported a lower-than-expected quarterly profit as costs rose. (Compiled by Vishaka George in Bengaluru; Edited by Martina D’Couto)