October 24, 2012 / 1:34 PM / in 5 years

MARKET PULSE-Facebook, Boeing, IRobot, Dow, Netflix, Lumber Liquidators

Oct 24 (Reuters) - Some U.S. stocks to watch on Wednesday:

(For more market insights, including options activity, click on STXNEWS/US; for the Morning News Call newsletter, click on link.reuters.com/faq23t; for the day ahead newsletter, link.reuters.com/mex49s)

FUTURES POINT TO MODEST BOUNCE ON CHINA DATA, BOEING

Index futures edged higher, indicating indexes may bounce from declines a day earlier when the Dow suffered its biggest drop in four months, following data from China that eased concerns about sluggish global growth.

S&P 500 futures rose 0.45 percent and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 0.28 percent, and Nasdaq 100 futures added 0.41 percent.

** DOW CHEMICAL CO, Tuesday close $28.55, up 5.9 pct premarket

The largest chemical maker in the United States said on Tuesday that it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy.

** BOEING CO, Tuesday close $72.82, up 3.3 pct premarket

The aircraft maker posted stronger-than-expected results for the third quarter on Wednesday and raised its forecast for the full year, as its defense business improved and commercial aircraft deliveries surged.

** FACEBOOK INC, Tuesday close $19.50, up 26.8 pct premarket

The world’s No. 1 social network said on Tuesday that it now gets 14 percent of its advertising revenue from mobile ads, helping to reassure investors that the social network is beginning to figure out how to earn money off smartphone and tablet users.

** IROBOT CORP, Tuesday close $22.64, down 21.4 pct post-market

The company posted a third-quarter profit that beat market expectations as home robot sales improved, but slashed its full-year outlook and forecast a loss for the fourth quarter.

** FORD MOTOR CO, Tuesday close $10.00, up 1 pct premarket

The U.S. automaker will close a Belgian factory employing 4,300 workers by the end of 2014, shifting production to Spain as it tries to save money and stem European losses.

** WELLS FARGO, Tuesday close $33.87, up 0.8 pct premarket

Berkshire Hathaway bought more shares of Wells Fargo bank over the last week amid broad market weakness, Chief Executive Warren Buffett said in a CNBC interview on Wednesday.

** APPLE INC, Tuesday close $613.35, up 0.6 pct premarket

Apple will begin to sell an 8-inch version of the iPad on Friday to compete with Amazon.com Inc’s Kindle and other smaller tablets, but it set a higher-than-expected price tag of $329 that Wall Street fears could curb demand.

** AMAZON.COM INC, Tuesday close $234.31, up 0.7 pct premarket

The online retailer will make Japanese language Kindle e-readers and tablets available next month, as the U.S. online seller joins a slew of e-book makers in trying to win market share in the world’s second-biggest publishing market.

** NETFLIX INC, Tuesday close $68.22, down 17.7 pct premarket

The company added fewer U.S. customers than Wall Street expected in the third quarter, forcing it to roll back its year-end subscriber forecast and sending shares plunging 15 percent.

At least three brokerages cut their price targets on the stock.

** RF MICRO DEVICES INC, Tuesday close $3.93, up 11.2 pct post-market

The chipmaker reported a quarterly profit that topped analysts’ estimates and forecast a strong third quarter, as demand for high-speed mobile devices continue to surge.

** TEMPUR-PEDIC INTERNATIONAL INC, Tuesday close $31.87, down 18 pct premarket

The specialty mattress maker reported its first quarterly loss and cut its full-year forecast as it struggles to maintain market share against fast-growing rivals in the burgeoning market for foam mattresses.

** lUMBER LIQUIDATORS HOLDINGS INC, Tuesday close $50.14, up 15 pct premarket

The hardwood flooring retailer posted better-than-expected third-quarter results as the company’s advertising and new products pulled more shoppers to its stores, and lower raw material costs boosted margins. The company also raised its earnings outlook for the full year, which also came in above analysts’ expectations.

** BUFFALO WILD WINGS INC, Tuesday close $83.46, down 11.3 pct post-market

The company, which operates more than 850 restaurants in the United States and Canada, reported a profit that missed analysts’ estimates as high costs pinched, and the casual dining chain disclosed slowing comparable sales in the beginning of the fourth quarter.

** UNITED THERAPEUTICS CORP, Tuesday close $53.28, down 10.8 pct premarket

United Therapeutics said U.S. health regulators rejected its oral drug to treat high blood pressure.

** XOMA CORP, Tuesday close $3.22, down 6.8 pct premarket

Xoma filed for an offering of an undisclosed amount of shares on Tuesday as a part of a mixed shelf offering that the drugmaker filed for in August to raise up to $100 million.

** DONALDSON & COMPANY, Tuesday close $32.67, down 5 pct post-market

The company, which makes filtration and exhaust control products, cuts its 2013 forecast as many of its engine OEM and disk drive customers cut their production. It also said it expects first-quarter sales to decline between 2 and 6 percent, compared to the previous year-quarter due to delays in shipment to second quarter.

** USANA HEALTH SCIENCES INC, Tuesday close $46.97, up 4.3 pct post-market

Better-than-expected sales in the Asia Pacific region pushed USANA Health Sciences’ third quarter profit above analysts estimates. The company, which makes personal care and weight-management products also raised its full year forecast.

** REGENERON PHARMACEUTICALS INC, Tuesday close $152.99, up 2.6 pct premarket

The company’s third-quarter profit beat analysts’ expectations on strong sales of its eye drug, Eylea.

** NEW YORK TIMES CO, Tuesday close $10.56

The newspaper’s public editor has questioned whether its chief executive, the former BBC head Mark Thompson, is fit to serve as the company’s top official as a scandal shakes Britain’s most prestigious broadcaster.

** MICROSOFT CORP, Tuesday close $28.04, up 0.6 pct premarket

European Union antitrust regulators are to charge Microsoft on Wednesday for breaching a 2009 order to offer a choice of web browsers to consumers, a step to a possible hefty fine in the long-running dispute with the software giant, a source familiar with the matter said.

** AT&T INC, Tuesday close $35.00, up 0.7 pct premarket

The telecom company posted third-quarter revenue below Wall Street expectations, but its earnings increased from a year earlier.

** KENNAMETAL INC, Tuesday close $36.91, down 8.5 pct premarket

The industrial toolmaker’s quarterly profit missed Wall Street forecasts by a wide margin on Wednesday and the company cut its sales and earnings outlook for the full year, citing slowing economies.

** PANERA BREAD CO, Tuesday close $160.34, up 5.5 pct premarket

The restaurant chain - among the top performing in the United States - reported better-than-expected quarterly earnings and issued profit forecasts above Wall Street’s view.

** LORILLARD INC, Tuesday close $115.78, down 5 pct premarket

Cigarette maker Lorillard reported a steeper-than-expected third-quarter profit as wholesale cigarette shipment volumes fell.

** FLAGSTAR BANCORP, Tuesday close $14.19, up 4 pct premarket

The company said on Tuesday that it swung to a third-quarter profit from a loss a year earlier, as loan sale income rose 57 percent and mortgage originations increased 16 percent.

** BRISTOL-MYERS SQUIBB CO, Tuesday close $33.24, down 2.2. pct premarket

The company’s quarterly sales and earnings missed Wall Street expectations as cheaper generics nearly wiped out sales of its blood clot preventer Plavix, sending its shares down 2 percent in premarket trading.

** DELTA AIR LINES INC, Tuesday close $10.15, down 1.3 pct premarket

The company on Wednesday turned in a lower-than-expected quarterly profit as revenue growth slowed from the year earlier.

** DR PEPPER SNAPPLE GROUP INC, Tuesday close $44.05

The soft drink maker trimmed its full-year sales growth target after its third-quarter sales came in lower than Wall Street expected.

** T. ROWE PRICE GROUP, Tuesday close $64.70, up 0.5 pct premarket

The fund manager said third-quarter profit rose 33 percent, including gains from the sale of fund investments, beating Wall Street expectations.

** JONES GROUP INC, Tuesday close $13.07

The fashion company behind such brands as Nine West and Jones New York, reported a higher quarterly profit before special items, helped by a rise in sales to U.S. department stores that helped it overcome a steep drop in business at its own stores in the United States.

** IAC/INTERACTIVECORP, Tuesday close $52.41, up 2 pct premarket

Media veteran Barry Diller’s IAC/InteractiveCorp breezed past quarterly expectations because of the strength of its search businesses such as Ask.com.

** CANADIAN PACIFIC RAILWAY LTD , Tuesday close $88.47, up 2 pct premarket

Canada’s second-biggest rail operator reported a 20 percent rise in third-quarter profit on higher freight revenue.

** KIMBERLY-CLARK CORP, Tuesday close $85.94, up 0.5 pct premarket

The company said it will stop selling its Huggies diapers in much of Western and Central Europe as part of a plan to leave low-profit businesses in that region.

** METRO PCS, Tuesday close $10.80, up 2 pct premarket

Deutsche Telekom AG is confident a deal to merge its T-Mobile USA unit with the U.S. carrier will go through, its chief executive, Rene Obermann said.

** ELI LILLY AND CO, Tuesday close $51.91, down 2.6 pct premarket

The company reported quarterly results below Wall Street expectations, hurt by increased spending on research and a drop in sales as its Zyprexa schizophrenia drug faced competition from cheaper generics.

** ICONIX BRAND GROUP INC, Tuesday close $18.45

** NIKE INC, Tuesday close $92.82

Iconix will buy the Umbro sneaker brand from Nike for $225 million, the companies said on Wednesday.

** POLYONE CORP, Tuesday close $16.84, up 2.1 pct premarket

** SPARTECH CORP, Tuesday close $5.14, up 61.8 pct prema

The chemical company struck a $246.3 million deal to buy plastic products maker Spartech Corp to enter markets such as aerospace.

** NORTHROP GRUMMAN CORP, Tuesday close $69.66

The defense equipment maker reported a lower quarterly profit, mainly due to a $66 million fall in net pension income, but the company raised its full-year earnings forecast.

** C.H. ROBINSON WORLDWIDE INC, Tuesday close $60.98

The logistics provider reported third-quarter results below analysts’ estimates as trucking margins fell.

** GENERAL DYNAMICS CORP, Tuesday close $66.21

The weapons and aircraft maker’s third-quarter earnings slid 8 percent as margins fell.

** CORNING INC, Tuesday close $13.41, down 1.1 pct premarket

The specialty glass maker reported lower third-quarter results, saying weak global economic conditions hurt its telecommunications and environmental technology sales.

** MOTOROLA SOLUTIONS INC, Tuesday close $49.77

The communication gear maker reported a better-than-expected third-quarter profit on strong government spending but forecast current-quarter earnings largely below market estimates.

** EMC CORP, Tuesday close $24.68, down 6.5 pct premarket

The data-storage equipment maker cut its outlook on Wednesday after it reported a higher third-quarter profit and sales that missed analysts’ expectations.

** NORFOLK SOUTHERN CORP, Tuesday close $66.01, down 3 pct premarket

The third-largest U.S. public railroad company said on Tuesday that its quarterly profit fell on lower shipments of coal and merchandise.

BB&T Capital Markets and Citigroup downgraded the stock.

** THERMO FISHER SCIENTIFIC INC, Tuesday close $57.61

The world’s largest laboratory equipment maker’s third-quarter profit beat Wall Street estimates as sales of its specialty diagnostic equipment rose, prompting the company to raise its full-year forecast for the second time this year.

** BLACKSTONE GROUP LP, Tuesday close $15.26

Blackstone is preparing to launch a multibillion-dollar fund that will buy stakes in hedge fund managers in the secondary market, as traditional buyers such as banks pull back amid disappointing fund performance and regulation.

** ATMEL CORP, Tuesday close $4.72

Nomura Equity Research cut the chipmaker to “neutral” from “buy” and reduced its price target on the stock to $5 from $8.

** NETAPP INC, Tuesday close $28.76

BMO Capital Markets cuts the data storage equipment maker to “market perform.”

** CELESTICA INC , Tuesday close $7.02, down 0.3 pct post-market

The contract electronics manufacturer reported a 13 percent lower third-quarter profit on weaker demand across its segments and said it expects margins to come under pressure in the first half of 2013.

Canaccord Genuity cut the stock to “hold” from “buy.”

** CHECK POINT SOFTWARE TECHNOLOGIES, Tuesday close $42.85

BofA Merrill Lynch raised the computer security provider to “buy” from “neutral.”

** VMWARE INC, Tuesday close $83.72, down 1.5 pct premarket

The software maker’s third-quarter profit beat estimates on stronger-than-expected sales to the U.S. government, but it forecast current-quarter revenue in a range largely below expectations.

** GILEAD SCIENCES INC, Tuesday close $64.91, up 3.1 pct premarket

The company posted a better-than-expected quarterly profit and raised its outlook for full-year sales on strong demand for its antiviral drugs.

** MONSTER BEVERAGE CORP, Tuesday close $41.08, up 3.1 pct premarket

Investors expressed concern on Tuesday over potential legal and regulatory fallout from a lawsuit and investigations into five deaths to see if they are linked to the company’s namesake energy drink.

** BARNES & NOBLE, Tuesday close $15.32

Retailer Barnes & Noble BKS.N said customers who shopped at 63 of its stores as recently as September may have had their credit card information stolen, and that federal law enforcement authorities have been informed of the breach.

** SIRIUS XM RADIO INC, Tuesday close $2.87, down 2.4 pct post-market

Chief Executive Mel Karmazin will step down in February, a move that comes at a time when media mogul John Malone’s Liberty Media Corp is trying to wrest full control of the satellite radio broadcaster.

** BROADCOM CORP, Tuesday close $33.36, up 2.5 pct premarket

Broadcom on Tuesday forecast a decline in revenue for the fourth quarter due to challenging market conditions including weakness in its infrastructure chip business.

** AMGEN INC, Tuesday close $87.32, up 2.5 pct premarket

The world’s largest biotechnology company on Tuesday reported higher-than-expected third-quarter profit in its first full quarter under Chief Executive Robert Bradway and it raised its full-year earnings and revenue forecasts.

At least two brokerages raised their price targets on the stock.

** INVENSENSE INC Tuesday close $12.49, down 16.1 pct premarket

The chipmaker’s founder and chief executive Steven Nasiri said he will be resigning immediately and the company forecast third-quarter revenue below analysts estimates on a conference call on Tuesday.

** AFLAC INC Tuesday close $49.66, down 2.7 pct post-market

The largest seller of supplemental health insurance reported quarterly results that best estimates driven by investment gains from sale of Japanese government bonds. The insurer also raised its 2012 outlook for operating earnings per share.

** STMICROELECTRONICS , Tuesday close $6.03, up 2 pct premarket

The world’s seventh-biggest chipmaker announced fresh cost savings when posting a quarterly loss. (Compiled by Ranjita Ganesan in Bangalore)

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