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Latest Share Chat

BUZZ-U.S. STOCKS ON THE MOVE-Silicon Image, Tetraphase, Agenus

Thu, 18th Dec 2014 14:08

(For faster updates on individual market-movers, Eikon usersplease use search string "STXBZ US"; for the Day Aheadnewsletter, http://link.reuters.com/mex49s; for the Morning NewsCall newsletter, http://link.reuters.com/nex49s)U.S. stock index futures surged on Thursday, putting the S&P 500on track to extend gains from the prior session, as oil pricesshowed hints of stabilizing and ahead of data on the labormarket. U.S. stock index e-mini futures were up on Thursday: DowJones industrial average futures were up 1.28 percent at17,576, S&P 500 futures were up 1.29 percent at 2,040.25and Nasdaq 100 futures were up 1.40 percent at 4,221.

** SILICON IMAGE INC, Wednesday close $6.74, -24.78pct premarket

The chipmaker said it expects revenue to fall 10 percent in2015 due to fewer mobile design wins from one its largestcustomers.

** TETRAPHASE PHARMACEUTICALS INC, Wednesday close$33.19, +15.40 pct premarket

The drug developer said its antibiotic to treat complicatedintra-abdominal infections was as effective as Merck & Co Inc's ertapenem in a late-stage study.

** DUNKIN' BRANDS GROUP INC, Wednesday close$46.22, -7.38 pct premarket

The Dunkin' Donuts restaurant operator cut its 2015 forecastfor same-store sales growth in the United States and operatingincome growth, citing slowing sales of packaged coffee in itsrestaurants.

** AGENUS INC, Wednesday close $3.35, +14.33 pctpremarket

The biotechnology company said an experimental vaccineagainst shingles by its partner GlaxoSmithKline met itsgoal in a late-stage study. Agenus will get royalties onpotential commercial sales of the vacine.

** JABIL CIRCUIT INC, Wednesday close $20.07, +6.18pct premarket

The company, which makes phone casings for Apple Inc, forecasts second-quarter revenue above estimates,boosted by strong sales of iPhone 6 and 6 Plus. The companyforecast second quarter core earnings of 39-50 cents per share,higher than analysts' average estimate of profit of 38 cents pershare.

** ORACLE INC, Wednesday close $41.16, +6.00 pctpremarket

The software maker reported a 3.5 percent increase inquarterly revenue on Wednesday, beating Wall Street'sexpectations, as sales at its closely watched cloud servicesbusiness rose 45 percent.

** WINNEBAGO INDUSTRIES INC, Wednesday close$23.85, -6.92 pct premarket

The maker of motorhomes and camping trailers reported alower-than-expected profit as a shortage of workers at a keyplant in rural Iowa and trouble sourcing key components fromsuppliers stymied production of the company's recreationalvehicles.

** ACCENTURE PLC, Wednesday close $85.3, +3.17 pctpremarket

The consulting and outsourcing company raised its revenueforecast for fiscal 2015 after contract wins helped the companypost better-than-expected first-quarter earnings and revenue. The company said it expects revenue growth of 5-8 percent forthe year ending August on a local currency basis, up from the4-7 percent growth it had estimated earlier.

** RITE AID CORP, Wednesday close $6.06, +13.37 pctpremarket

The U.S. drugstore chain's quarterly profit jumped 46.5percent as higher sales of prescription drugs boosted same-storesales. The company's net income rose to $104.9 million, or 10cents per share, in the third quarter ended Nov. 29 from $71.6million, or 4 cents per share, a year earlier.

** AK STEEL HOLDING CORP, Wednesday close$5.56, +10.25 pct premarket

The steel maker said it expects fourth-quarter shipments tojump 37 percent compared with the third quarter, helped byacquisitions and strong demand from auto industry.

** THE PANTRY INC, Wednesday close $35.52, +2.25pct premarket

Canadian convenience store operator Alimentation Couche-TardInc will buy the Kangaroo Express chain operator forabout $861 million to boost its presence in the southeastern andGulf Coast regions. Couche-Tard offered $36.75 per share forPantry, which represents a premium of 3.5 percent to the stock'sWednesday close. Including debt, the deal is valued at $1.7billion. Pantry stock jumped 23 percent on Wednesday after theWall Street Journal reported that the company was nearing a dealto sell itself through an auction.

** NATIONAL BANK OF GREECE, Wednesday close$1.99, -4.02 pct premarket

The largest Greek bank's U.S.-listed shares down inpremarket trading on Thursday after first-round presidentialvote in Greece saw Prime Minister Antonis Samaras lose bylarger-than-expected margin.

** BLACKBERRY LTD, Wednesday close $9.98, +1.90 pctpremarket

The Canadian mobile technology company launched itslong-awaited Classic on Wednesday, a smartphone it hopes willhelp it win back market share and woo those still using olderversions of its physical keyboard devices.

** ZAGG INC, Wednesday close $5.33, up 14.4 pctafter market

The mobile accessories maker raised its full-year net salesforecast to $250 million-$255 million from previous range of$225 million-$235 million. The forecast also beat analysts'average estimate of $232.5 million, according to Thomson ReutersI/B/E/S.

** EXXON MOBIL CORP, Wednesday close $89.02, +1.44pct premarket

** CHEVRON CORP, Wednesday close $106.02, +1.80 pctpremarket

** CONOCOPHILLIPS, Wednesday close $66.94, +2.84 pctpremarket

** CHESAPEAKE ENERGY CORP, Wednesday close$18.68, +3.96 pct premarket

Oil company stocks rise after Brent crude jumps 3.3percent to above $63/bbl, extending a rebound from 5-year lowsthis week as more energy firms cut investment in new production.

** HERTZ GLOBAL HOLDINGS INC, Wednesday close$21.31, +4.27 pct premarket

Carl Icahn, the rental car company's largest shareholder,raised stake in the company to 11.34 percent from 10.77 percent.Icahn revealed an 8.48 percent stake in Hertz in August; he hassince ousted CEO Mark Frissora and won three board seats at thecompany.

** KIRBY CORP, Wednesday close $88.75, +0.28 pctpremarket

The tank bank operator lowered fourth quarter earningsestimate to $1.10-$1.20 per share from $1.30-$1.40 per share.The company also lowered its full year earnings estimate to$4.84 to $4.94 per share from $5.04-$5.14 per share. (Compiled by Anannya Pramanick in Bangalore; Edited by DonSebastian)

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