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U.S. stocks edged modestly lower from record levels on Thursday as energy shares continued their recent decline and weak results pressured the technology sector. The Dow Jones industrial average was up 0.26 percent at 17,529.71, the S&P 500 was up 0.16 percent at 2,026.74 and the Nasdaq Composite was up 0.10 percent at 4,625.337.
** GENWORTH FINANCIAL INC, $9, -36.03 pct
The mortgage insurer reported a surprise third-quarter loss, hurt by losses at its U.S. life Insurance business. The company said it is open to all strategic alternatives and also suspended dividend payments from life insurance unit for rest of 2014 and 2015
** QUALCOMM INC, $68.5558, -11.20 pct
The company warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.
As many as nine brokerages cut their price targets on the stock on Thursday.
** AETERNA ZENTARIS INC, $0.72, -44.19 pct
The drugmaker said the U.S. Food and Drug Administration rejected macimorelin, an experimental test designed to determine if adults’ pituitary glands are secreting enough growth hormone.
** PLANAR SYSTEMS INC, $6.61, +78.65 pct
Needham raised its rating on the digital signage company’s stock to “buy” from “neutral”, while B. Riley raised its price target to $6 after it forecast first-quarter profit and revenue above analysts’ estimates.
** SOLAZYME INC, $3.77, -49.67 pct
The oil producer’s third-quarter loss widened year-over-year and revenue missed market estimates. Baird cut its rating on the stock to “neutral” from “outperform” and cut its price target to $9 from $16.
Cowen and Company cut its rating to “market perform” from “outperform” and target to $7 from $12, citing ‘sub-par results’.
** KATE SPADE & CO, $31.5, +19.95 pct
The company reported a 30 percent rise in third-quarter sales as demand for its handbags and accessories increased in North America, its biggest market.
** HOSPIRA INC, $56.84, +7.04 pct
The drugmaker reported a 14.1 percent rise in quarterly revenue as it charged higher prices and sold more of its injectable drugs.
** GENERAC HOLDINGS INC, $40.97, -5.86 pct
The generator maker said it expects a mid single-digit percentage fall in 2014 revenue, hurt by fewer-than-usual power outages in United States
** AMERICAN CAPITAL LTD, $15.455, +5.42 pct
The private equity firm and asset manager said it plans to split into 3 companies by spinning off most of its investment assets into 2 publicly-traded business development companies and continue as an asset manager.
** HORIZON PHARMA PLC, $13.03, +5.42 pct
The drugmaker posted better-than-expected third quarter adjusted profit and revenue. Revenue jumped three-fold to $75.1 million. The company also raises its FY14 and FY15 revenue forecasts, based on expectations for its genetic disorder drug Actimmune and its recently acquired U.S. rights to pain drug “Pennsaid 2%”.
** NOODLES & CO, $26.33, +15.43 pct
The fast-casual restaurant chain operator, on Wednesday, reported better-than-expected third quarter sales. Both Wedbush Securities and RBC Capital Markets raised their price targets on the stock to $25 from $21.
** VALE SA, $9.23, -3.45 pct
Spot iron ore prices fall to their lowest since 2009 and are likely to drop further due to a well-supplied market that has reduced the need for Chinese steel mills to restock. Prices of iron ore, a major source of revenue for Vale, have tumbled more than 43 percent this year.
** WALTER INVESTMENT MANAGEMENT CORP, $16.86, -22.45 pct
The mortgage servicer reported a third quarter loss due to a fall in fees from mortgage servicing and sale of loans, and higher expenses and taxes.
** NEVRO CORP, $25.04, +39.11 pct
Shares of the medical device company opened at $23.40 in its debut and rose as much as 43 percent to high of $25.75, valuing the company at $586.9 million.
** SENOMYX INC, $5.515, -22.54 pct
The food ingredient maker cut its full-year sales forecast; and said it expected a bigger loss
** PERION NETWORK LTD, $6.17, +20.04 pct
The Israeli internet company reported a higher quarterly profit and raised its 2014 earnings forecast, helped by layoffs and other cost-cutting steps.
** SAFE BULKERS INC, $4.61, -6.30 pct
The dry bulk shipper reported a surprise quarterly loss, hurt by lower charter rates for its vessels.
** COTT CORP, $6.75, +11.39 pct
The Canadian soft drink maker will acquire U.S. direct-to-consumer water and coffee provider DSS Group Inc, parent of DS Services of America Inc, for $1.25 billion.
** SIERRA WIRELESS INC, $33.22, +25.17 pct
The Canadian company said it expects a fourth adjusted profit of 25-28 cents per share, higher than analysts’ average estimate of 18 cents, according to Thomson Reuters I/B/E/S.
** FOX FACTORY HOLDING CORP, $14.8052, -9.06 pct
The maker of suspension products for mountain bikes and all-terrain vehicles reported a third quarter profit that missed the average analyst expectation as operating expenses rose 39 percent.
** RANDGOLD RESOURCES LTD, $64.8, +9.53 pct
The chief executive of the gold miner said production will be towards the top end of the company’s full-year forecast as its big new project in the Democratic Republic of Congo picks up speed.
** THORATEC CORP, $25.71, -4.92 pct
The heart device maker’s third quarter revenue fell 16 percent to $$105.8 million, missing analysts’ estimates.
** AES CORP, $13.25, -5.02 pct
The power company lowered its full-year adjusted earnings forecast to $1.25-1.31 from $1.30-$1.38 due to lower water inflows at plants and a higher-than-expected tax rate.
** TABLEAU SOFTWARE INC, $86.18, +12.65 pct
At least seven brokerages raised their price targets on the data analytics software maker’s shares by as much as $22 to as much as $130 after it reported better-than-expected third quarter profit and revenue on Wednesday.
** NATIONSTAR MORTGAGE HOLDINGS INC, $28.36, -20.49 pct
The mortgage servicer’s third quarter revenue plunged 20 percent and missed analysts’ average estimate, as fees from mortgage servicing and sale of loans fell.
** DRYSHIPS INC, $1.4972, +2.55 pct
The drybulk shipper reported a third quarter profit compared with a loss in the year-earlier quarter, helped by higher voyage revenue and a rise in drilling contracts.
** TESLA MOTORS INC, $244.665, +5.93 pct
The electric-car maker beat analysts’ expectations for third-quarter results. The automaker said its quarterly loss nearly doubled from a year ago to $75 million, as manufacturing, sales and development expenses increased to meet rising demand for its Model S sedan.
** MOLYCORP INC, $1.29, -8.51 pct
The company, which produces 13 different rare metals used in industries such as consumer electronics and defense, reported a much bigger quarterly loss, hurt by lower prices of rare-earth metals and a steep jump in production costs.
** WHOLE FOODS MARKET INC, $44.25, +10.65 pct
The upscale grocer reported a better-than-expected quarterly profit as the company increased its market share and launched new products.
** PETROLEO BRASILEIRO SA, $10.625, -4.79 pct
Brazil’s state-run oil company has no date or size for a widely expected increase in the domestic price of gasoline and diesel, the company said on Wednesday.
** PRUDENTIAL FINANCIAL INC, $84.67, -4.77 pct
The second-largest U.S. life insurer reported a quarterly profit that fell short of market estimates by a wide margin, mainly due to losses tied to its derivatives program. (Compiled by Avik Das in Bangalore; Editing by Simon Jennings)