November 5, 2013 / 1:22 PM / 5 years ago

MARKET PULSE-GT Advanced, Cytori, Broadsoft, Endo Health, AOL

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; the Morning Call newsletter, U.S. stock index futures dipped on Tuesday ahead of data on the services sector, putting the S&P 500 on track to halt a two-day winning streak. S&P 500 futures fell 4.8 points, Dow Jones industrial average futures lost 45 points and Nasdaq 100 futures shed 9.75 points.

** GT ADVANCED TECHNOLOGIES INC, Monday close $8.38, up 24 pct premarket

Apple Inc will open a manufacturing facility in Arizona in partnership with mineral crystal specialist GT Advanced Technologies to make sapphire materials for Apple’s popular electronics devices.

** CYTORI THERAPEUTICS INC, Monday close $2.09, up 51 pct premarket

The medical device maker said on Monday it would receive up to $531 million from Chinese company Lorem Vascular as license fee for its stem cell therapy that removes fat cells from a patient’s body. These cells, which are then injected into the affected area, increase blood profusion and heal the wound. Lorem will market the therapy in Asia-Pacific.

** ENDO HEALTH SOLUTIONS INC, Monday close $43.64, up 20.3 pct premarket

The U.S.-based specialty pharmaceutical company said it would buy Canadian peer Paladin Labs Inc for about $1.6 billion to expand its presence in Canada and emerging markets.

** BROADSOFT INC, Monday close $33.14, down 18.5 pct premarket

The internet communications company forecast fourth-quarter results below expectations, citing concerns about the short-term service provider spending. It also reported a third-quarter loss, compared with a profit a year earlier, as operating expenses rose.

** KERYX BIOPHARMACEUTICALS INC, Monday close $11.10, up 17.8 pct premarket

The company said its kidney drug met the main goals of a mid-stage study in patients with chronic kidney disease who were not on dialysis.

** LEAPFROG ENTERPRISES INC, Monday close $8.67, down 10 pct premarket

The toy company cut its full-year sales forecast as rising competition hurt demand for its LeapPad tablets. The company also said it “sees a weak retail climate and growing concern surrounding this holiday season, especially in the U.S.”

** OCEAN RIG UDW INC, Monday close $18.05, up 8 pct after market

The offshore drilling contractor reported higher revenue for the third quarter on Monday and said it was targeting an initial public offering of its subsidiary in the second quarter of 2014. The company also initiated a quarterly dividend of $25 million payable in mid-May 2014.

** REGENERON PHARMACEUTICALS INC, Monday close $281.70, up 5 pct premarket

The company reported better-than-expected quarterly results after net U.S. sales of its eye drug Eylea jumped 49 percent to $363 million in the third quarter.

** AOL INC, Monday close $38.72, up 4 pct premarket

The online media group reported a 6 percent rise in third-quarter revenue, helped by a rise in advertising sales.

** T-MOBILE US INC, Monday close $28.34, up 4 pct premarket

The No. 4 U.S. mobile provider reported subscriber growth that handily beat Wall Street expectations and raised its growth target for the full year, in a sign that its recent strategy changes are working. [ID: nL2N0IQ0L4]

** QUICKSILVER RESOURCES INC, Monday close $2.14, up 3 pct premarket

Italian oil and gas group Eni said it had reached an agreement with Quicksilver to explore and develop onshore shale oil reservoirs in the United States. Eni said it would pay up to $52 million to take a 50 percent stake in Quicksilver acreage in the Leon Valley area in West Texas.

** ENCANA CORP, Monday close $17.85, up 2 pct premarket

Canada’s largest natural gas producer will cut about 20 percent of its workforce, slash its dividend and invest nearly three-quarters of its 2014 capital spending budget in more lucrative oil and liquid gas assets.


The IT services firm reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on consulting.

** MICHAEL KORS HOLDINGS LTD, Monday close $74.78, up 0.5 pct premarket

The company reported a better-than- expected 40 percent jump in quarterly revenue, driven by strong demand for its trendy handbags and watches.

** MINDRAY MEDICAL INTERNATIONAL LTD, Monday close $37.11, down 2 pct after market

The medical device maker reported third-quarter revenue that fell short of analysts’ estimates on Monday and said weak market sentiment in China’s healthcare sector delayed some purchases. The company also announced it plans to buy back up to $200 million of its common shares effective Monday.

** WELLCARE HEALTH PLANS INC, Monday close $66.22, down 5 pct after market

The health insurer said it began an offering of about $600 million of senior notes due 2020. The company intends to use the proceeds to repay existing senior credit.

** FOREST OIL CORP, Monday close $5.02, down 4 pct after market

The company reporter lower-than-expected results on Monday as its oil and natural gas liquids production volumes fell short of analysts’ expectations. The company also said it expects fourth-quarter output to dip 2 to 4 percent from the third quarter.

** CORNERSTONE ONDEMAND INC, Monday close $46.16, up 4.5 pct after market

The HR software maker said third-quarter revenue rose 50 percent, helped by strength in its North American and EMEA (Europe, Middle-East and Africa) business.

** CONMED CORP, Monday close $37.55

Activist investor Voce Capital Management LLC is pushing to pursue a sale, saying it believes the surgical-device maker could attract buyout interest from at least a dozen industry peers, according to a letter seen by Reuters on Sunday.

** SHIRE PLC, Monday close $134.98

The pharmaceutical group said Vyvanse, its amphetamine-based drug prescribed to U.S. students to control ADHD, had also been successful in treating the newly recognised binge eating disorder (BED) in a trial.

** TENET HEALTHCARE CORP, Monday close $48.26

The company said its third-quarter net income slid from a year earlier due to costs related to its acquisition of smaller hospital chain Vanguard Health Systems Inc. Tenet completed the acquisition of Vanguard for about $1.8 billion on Oct. 1 to expand into new markets and position itself to benefit from an increase in patients who have health insurance under President Barack Obama’s healthcare reform.

** DRYSHIPS INC, Monday close $3.23, down 5 pct after market

The drybulk shipper and offshore contract driller quarterly loss was wider than analysts’ estimates as interest and finance costs more than doubled, but the company reported an 18 percent rise in revenue.

** NYSE EURONEXT, Monday close $44.18

The New York Stock Exchange parent reported a 21 percent rise in third-quarter net income as revenues at its cash trading and listings business increased.

** CVS CAREMARK CORP, Monday close $61.98, up 2.5 pct premarket

CVS, which operates the No. 2 U.S. drugstore chain and a major pharmacy benefits management business, posted a higher-than-expected quarterly profit and raised its forecast for the year as sales rose at its drugstore chain and it processed more prescriptions from new clients.

** OPEN TEXT CORP, Monday close $74.38

The Canadian business software maker said it would buy privately held cloud computing company GXS Group Inc for $1.17 billion.

** MOSAIC CO, Monday close $46.73, down 2.2 pct premarket

The U.S. fertilizer company reported sharply lower third-quarter earnings as prices of its potash and phosphate fell and buyers were cautious. Mosaic in September had cut its third-quarter sales and price outlook for potash and phosphate because crop nutrient markets had softened after the breakup of the Belarusian Potash Co.

** AGRIUM INC, Monday close $88.61

The Canadian fertilizer company will report results for a quarter that was rough on crop nutrient sales for the industry due to a shakeup in global potash trading after the breakup of Belarusian Potash Company.

** TRANSCANADA CORP, Monday close $45.03

The company is set to release its earnings and may comment on the controversial Keystone XL pipeline.

** TWENTY-FIRST CENTURY FOX INC, Monday close $34.15

Rupert Murdoch’s company is expected to shed more light on the performance of the newly separated film and TV company when it reports quarterly results. (Compiled by; Editing by)

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