February 12, 2014 / 12:43 PM / in 4 years

MARKET PULSE-Deere, FireEye, ReachLocal, Paragon Shipping

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U.S. stock index futures were little changed on Wednesday. Dow Jones industrial average futures were down 0.01 percent at 15,928, S&P 500 futures were down 0.06 percent at 1,812.6 and Nasdaq 100 futures were up 0.15 percent at 3,618.25.

** DEERE & CO, Tuesday close $87.46, +2.62 pct premarket

The world’s largest maker of farm equipment posted a stronger-than-expected first-quarter profit on Wednesday as the company’s efforts to control costs offset moderating demand from farmers for its tractors, harvesters and other agricultural machinery.

** THOMSON REUTERS CORP, Tuesday close $36.6

The global news and information provider reported a 50 percent drop in fourth-quarter operating profit, and Chief Executive Jim Smith said the external environment was tougher than expected.

** ALPHA NATURAL RESOURCES INC, Tuesday close $5.26, -1.14 pct premarket

The U.S. coal miner reported a bigger fourth-quarter loss, hurt by weak coal prices and a fall in shipments. Total revenue slid 30 percent to $1.1 billion.

** ALLIANCEBERNSTEIN HOLDING LP, Tuesday close $22.41

The U.S. money manager said on Wednesday that it suffered $10.3 billion in net outflows during the fourth-quarter after losing $6.8 billion in fixed-income assets related to an asset sale.

** FIREEYE INC, Tuesday close $78.01, -6.10 pct premarket

The network security company forecast current-quarter revenue below the average analyst estimate and warned that development costs would rise sharply.

** TALISMAN ENERGY INC , Tuesday close $10.61, -0.28 pct premarket

Canada’s No. 5 independent oil and gas producer, posted a $1 billion quarterly loss due to an asset impairment charge and said it plans to sell a further $2 billion of assets over the next 12-18 months.

** TREEHOUSE FOODS INC, Tuesday close $64.09

** GREEN MOUNTAIN COFFEE ROASTERS INC, Tuesday close $119.4, -2.01 pct premarket

Food-manufacturer Treehouse said on Tuesday that it had sued the specialty coffee maker for allegedly attempting to illegally maintain a monopoly over the pods used in its new Keurig coffee brewers due to be released later this year.

** PROCTER & GAMBLE CO, Tuesday close $78.84, -0.68 pct premarket

The world’s largest household products maker cut its sales and earnings outlook for the year on Tuesday to reflect unfavorable foreign exchange rates in Venezuela and the devaluation of currencies in various developing markets.

** CONVERSANT INC Tuesday close $21.74, +14.54 pct premarket

Brokerage B. Riley & Co raised its target price on the online marketing company’s stock to $29 from $27, after the company reported fourth-quarter results that beat Wall Street estimates, helped by a 4 percent rise in its media business, its largest unit.

** REACHLOCAL INC, Tuesday close $12.68, -10.09 pct after market

The company, which provides search engine marketing, display advertising, and internet marketing products and services, forecast on Tuesday weaker-than-expected first-quarter revenue, citing higher investments in international markets.

Brokerage JP Morgan cut its rating on the company’s stock to “neutral” from “oveweight.”

** JIVE SOFTWARE INC Tuesday close, $8.87, -9.80 pct after market

The social media software maker forecast first-quarter revenue below the average analyst estimate after reporting fourth-quarter results in line with expectations.

BMO Capital Markets cut its price target on the company’s stock to $9 from $11, citing Jive Software’s decelerating billings growth rates.

** PARAGON SHIPPING INC, Tuesday close $7.32, -11.20 pct premarket

The dry bulk shipper said on Tuesday that it would offer its Class A common stock in an underwritten offering and use the proceeds to acquire vessels.

** TRIMBLE NAVIGATION LTD, Tuesday close $32.62, +5.76 pct premarket

The navigation software maker forecast first-quarter revenue largely above Wall Street estimates and reported better-than-expected fourth-quarter results on an adjusted basis, helped by robust sales in the transport and logistics sectors.

** DURECT CORP, Tuesday close $2.12, +6.13 percent aftermarket

The specialty pharmaceutical company’s stock rose in anticipation of the review date, Wednesday, for its pain treatment, Posidur, indicated for the relief of post-operative pain for up to three days after surgery. Posidur, which uses Durect’s injectable technology to deliver the generic Bupivacaine, could be the company’s first FDA approval.

** VIASAT INC, Tuesday close $60.03, -5.21 pct after market

The U.S. satellite and wireless communications systems maker reported third-quarter revenue below the average analyst estimate, hurt partly by lower sales to the federal government.

Brokerage Needham & Co cut its price target on the company’s stock to $62 from $75.

** CNO FINANCIAL GROUP INC, Tuesday close $17.28, +4.63 pct after market

The insurer reported fourth-quarter results that beat the average analyst estimate, helped by higher revenue from its unit, Bankers Life and Casualty Co. Revenue from Bankers Life rose more than 12 percent, to $83 million, due to higher sales of Medicare supplements, annuity and life products.

Brokerage UBS Investment Research raised its price target on the company’s stock to $19 from $18.

** ANDERSONS INC, Tuesday close $86.19, -3.70 pct after market

The diversified agricultural company, on Tuesday, reported fourth-quarter results that missed the average analyst estimate.

** FOSSIL GROUP INC, Tuesday close $116.96, +3.45 pct premarket

The fashion accessory maker and retailer reported better-than-expected fourth-quarter results as it sold more watches and jewelry in North America, its largest market.

At least five brokerages raised their price targets on the company’s stock.

** BLACK DIAMOND INC, Tuesday close $10.24, -2.34 pct after market

The sports equipment maker estimated fourth-quarter sales below the average analyst estimate on Tuesday.

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

** CHARTER COMMUNICATIONS INC, Tuesday close $137.9

** TIME WARNER CABLE, Tuesday close $134.9

Charter upped its pressure on its larger rival to accept its $37.3 billion hostile takeover bid by announcing a slate of 13 nominees to Time Warner’s board on Tuesday.

** WESTERN UNION CO, Tuesday close $15.88

The world’s largest money-transfer company said it expects the high compliance costs that hit its earnings in the fourth quarter to ease in 2014. Western Union reported a 27 percent drop in quarterly profit, largely due to higher costs linked to tightened regulations to prevent money laundering.

** AMCOL INTERNATIONAL CORP, Tuesday close $36.72

France’s Imerys has agreed to buy the Illinois-based minerals and materials group for about $1.6 billion, including debt, to strengthen its U.S. business, it said in a statement on Wednesday.

** TRIPADVISOR INC, Tuesday close $84.2, +3.09 pct premarket

The online travel planning company said it had dismissed Ernst & Young as its auditor and appointed KPMG, effective immediately, but gave no reason for the change.

** INTUIT INC, Tuesday close $72.72, -0.3 pct after market

The developer of tax-preparation software TurboTax, slashed its earnings estimate for the second quarter due to a delayed start to the U.S. tax-filing season.

** WIX.COM, Tuesday close $29.77

The Israel-based builder and operator of websites reported a narrower adjusted loss in the fourth quarter as revenue surged on a jump in premium subscriptions.

** BAKER HUGHES INC Tuesday close $60.49

UK-listed gas explorer San Leon and the U.S. oil services firm signed a letter of intent on Wednesday to jointly develop Poland’s Skiekierki shale gas field.

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