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U.S. stocks opened slightly higher on Thursday, following a record close on the S&P 500 index, lifted by strong job market data in the United States and overseas factory readings, while better than forecast results sent Facebook shares rallying. The Dow Jones industrial average was up 0.17 percent at 17,116.04, the S&P 500 was up 0.13 percent at 1,989.66 and the Nasdaq Composite was up 0.18 pct at 4,481.96.
** FACEBOOK INC, $74.82, +4.95 pct
Facebook’s fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street’s financial targets and sending shares to a record-high in after-hours trading on Wednesday.
** FORD MOTOR CO, $18.07, +1.63 pct
The car maker’s operating earnings for the second quarter beat Wall Street expectations as better-than-expected profits in North America and Europe countered weaker results in Asia Pacific and South America.
** CATERPILLAR INC, $105.77, -2.41 pct
Caterpillar reported higher-than-expected second-quarter earnings on Thursday but said sales fell as a continued slump in the global mining industry offset a rebound in the North American building sector.
** GENERAL MOTORS CO, $36.64, -2.06 pct
The car maker reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths.
** NOKIA CORP, $8.17, +6.38 pct
The Finnish telecoms gear maker surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators installed more powerful systems to cope with surging mobile data traffic.
** GOVERNMENT PROPERTIES INCOME TRUST, $23.4, -5.03 pct
The real estate investment trust priced an offering of 13.5 million at $23.50 apiece.
The company said it would offer a further 12 million shares. The two offerings combined represent 47 percent of the company’s outstanding shares as of July 23.
** 3M CO, $145.96, +0.88 pct
3M posted a 6 percent rise in quarterly profit on Thursday, helped by broad sales growth across the U.S. manufacturer’s range of businesses.
** AT&T INC, $35.23, -1.81 pct
The telecommunications services provider’s quarterly revenue rose a weaker-than-expected 1.6 percent as cheaper service plans offered to customers who forgo subsidized cellular phones cut into margins.
** QUALCOMM INC, $75.93, -6.95 pct
One of the world’s biggest mobile chipmakers’ outlook for the September quarter was below Wall Street’s expectations. The company also said it was having trouble collecting royalties in China.
Separately, China’s antitrust regulator has confirmed that Qualcomm has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm’s chief executive held talks in China.
** WAL-MART STORES INC, $76.43, -0.73 pct
Wal-Mart said Greg Foran, the head of its Asia business, would now lead its struggling U.S. business. Foran, who replaces Bill Simon, will take over his new role on Aug. 9, the company said.
Separately, Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico.
** UNDER ARMOUR INC, $67.17, +10.79 pct
The sports apparel manufacturer and retailer’s quarterly revenue rose by more than a third as it benefited from growing interest in fitness among women and young people, and the company raised its full-year sales forecast.
** TRIPADVISOR INC, $95.4001, -11.14 pct
The online travel research company reported a lower-than-expected quarterly profit as total selling and marketing costs rose 53 percent to $127 million.
** ANGIE’S LIST INC, $7.915, -22.17 pct
The operator of a website that allows users to review local businesses forecast quarterly revenue below estimates and reported a bigger-than-expected quarterly loss as it spent more to sign up customers.
** SKECHERS USA INC, $52.03, +7.48 pct
The sport shoes maker’s second-quarter revenue and profit beat analysts’ expectations, helped mainly by higher demand for new products.
The company’s sales rose 37.1 pct to $587 million - its highest ever.
** CIRRUS LOGIC INC, $24.25, +1.17 pct
The supplier of audio chips for the iPhone forecast current-quarter revenue slightly below the midpoint of analysts’ estimates.
** F5 NETWORKS INC, $115.31, +4.06 pct
The network equipment maker reported a 19 percent rise in third-quarter revenue, helped by strong sales of its data traffic management and network security products.
** FORTINET INC, $25.07, +4.33 pct
At least nine brokerages raised their price targets on the enterprise network security services provider’s shares. The company reported second-quarter profit and revenue above analysts’ average expectations on Wednesday, helped by strong demand for its hi-end software security products.
The company’s stock has a median price target of $29. Of the 27 brokerages covering the stock 8 had a “strong buy” rating, 12 had “buy” and 7 had “hold”, according to Thomson Reuters data.
** PATTERSON-UTI ENERGY INC, $38.09, +3.73 pct
The drilling service provider’s profit rose 25 percent to $54.3 million in second quarter, driven by higher revenue from its pressure pumping and U.S. oil rig businesses.
The company’s revenue rose 15 percent to $757.2 million.
** ELI LILLY AND CO, $64.54, +0.45 pct
The drug maker’s quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but earnings beat forecasts, helped by cost controls.
** NASDAQ OMX GROUP INC, $41.96, +1.97 pct
The transatlantic exchange operator reported a higher second-quarter profit as it absorbed recent acquisitions and revenue increased across its business units.
** ROYAL CARIBBEAN CRUISES LTD, $60.85, +8.22 pct
The world’s second-largest cruise operator reported a big jump in quarterly profit as demand for its European cruises rose and passengers spent more onboard.
** CABOT OIL & GAS CORP, $33.64, +0.84 pct
The oil and gas producer posted a better-than-expected second-quarter profit, helped by higher production.
The company reported a profit of 28 cents per share, higher than the average analyst estimate of 25 cents, according to Thomson Reuters I/B/E/S. The company’s production rose 34 percent to 127.6 billion cubic feet equivalent.
** PULTEGROUP INC, $19.72, -0.60 pct
The U.S. homebuilder reported a 15 percent rise in quarterly profit as it sold homes at higher prices, but said orders fell 2.2 percent.
** LAZARD LTD, $52.63, +3.44 pct
The investment bank and asset manager reported a better-than-expected quarterly profit, as merger and acquisition advisory and asset management fees rose amid an increase in corporate deals.
** DUNKIN’ BRANDS GROUP INC, $41.9101, -4.66 pct
The parent of Dunkin’ Donuts and Baskin-Robbins ice cream reported weaker-than-expected U.S. quarterly same-restaurant sales due in part to a cold and rainy start to the spring season, and cut its full-year adjusted profit and sales forecasts.
** DIAMOND OFFSHORE DRILLING INC, $46.825, -6.42 pct
The offshore rig contractor’s quarterly profit more than halved as drilling revenue fell 18 percent.
** O’REILLY AUTOMOTIVE INC, $152.08, +3.73 pct
The auto parts retailer’s second-quarter profit topped the average analyst estimate, helped by strong U.S. auto demand.
Barclays raised its price target on the stock to $180 from $170 and Credit Suisse to $175 from $150. The median price target on the stock is $163, according to Thomson Reuters data.
** PRECISION DRILLING CORP, $14.09, +2.62 pct
Canada’s largest oil and gas drilling contractor reported a 25 percent jump in quarterly revenue as its rigs under contract were at their highest level since 2006.
** BREITBURN ENERGY PARTNERS LP, $22.57, -1.05 pct
** QR ENERGY LP, $20.58, +9.06 pct
Breitburn Energy offered to buy QR Energy for $1.46 billion to become one of the largest U.S. oil producers structured as a master limited partnership (MLP).
** GILEAD SCIENCES INC, $91.305, +1.07 pct
The drugmaker said on Wednesday that its new hepatitis C drug Sovaldi had sales of $3.5 billion in the second quarter, demonstrating that the furor over its price has not curtailed early use.
** CLIFFS NATURAL RESOURCES INC, $15.24, -1.55 pct
The miner, facing off against an activist fund that wants to replace its chief executive, reported a bigger-than-expected quarterly loss on Wednesday because of weak commodity prices and a decline in sales volumes.
** UNITED CONTINENTAL HOLDINGS, $48.59, +5.63 pct
The company reported strong second quarter results aided by higher prices as it flew fuller planes. Net income rose to $2.01 a share, compared with $1.21 a share, a year earlier.
** NOVARTIS AG, $89.1, +0.09 pct
** AMGEN INC, $121.69, -0.26 pct
U.S. regulators have accepted an application by Sandoz - the generics arm of Novartis - seeking approval for a copycat version of Amgen’s drug Neupogen, or filgrastim, for patients with low white blood cell counts.
** SPECTRANETICS CORP, $26.6291, +5.84 pct
The U.S. FDA cleared the medical device maker’s products - Turbo-Tandem and Turbo Elite - to treat in-stent restenosis (ISR), a condition in which a blockage recurs in an artery after usage of a stent. The company said over 115,000 ISR procedures were performed annually in the United States.
Of the nine analysts covering the stock, four had “strong buy”, four “buy”, with only one “sell” recommendation.
** RAYMOND JAMES FINANCIAL INC, $52.25, +4.00 pct
The brokerage and investment bank said on Wednesday that its quarterly profit jumped 46 percent from last year, driven by growth in its asset management business.
** HANESBRANDS INC, $102.92, +4.95 pct
The underwear maker raised its full-year adjusted earnings forecast to $5.20-$5.40 per share. The company’s second quarter earnings beat analysts’ average estimate, helped by benefits from recent acquisitions.
The company also bought Paris-based DBApparel last month and rival Maidenform Brands Inc last year. (Compiled by Shubhankar Chakravorty in Bangalore; Editing by Simon Jennings)