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U.S. stocks fell sharply in early afternoon trading on
Wednesday, led by health insurers after Humana reported an
unexpected pick-up in hospital admissions in March and April.
The Dow Jones industrial average .DJI was down 0.22 percent at
18,070.23, the S&P 500 .SPX was down 0.29 percent at 2,108.67
and the Nasdaq Composite .IXIC was down 0.48 percent at
5,030.966. .N
** LUMBER LIQUIDATORS HOLDINGS INC LL.N , $27.79, -16.85
pct
The hardwood flooring retailer reported a 2 percent fall in
net sales so far in April and said it could not provide a
full-year forecast. ID:nL4N0XQ3GW
** TWITTER INC TWTR.N , $39.52, -6.51 pct
The Microblogging site reported quarterly revenue that fell
short of Wall Street estimates and cut its full-year forecast
due to weak demand for its new direct response advertising.
ID:nL4N0XP7DX
** ALIBABA GROUP HOLDING LTD BABA.N , $82.14, -3.46 pct
The Chinese e-commerce company is freezing hiring for the
rest of the year because it has grown "too quickly", Executive
Chairman Jack Ma told staff. ID:nL4N0XQ2HU
** BLUEBIRD BIO INC BLUE.O , $134.25, +1.11 pct
Piper Jaffray raised its price target on the drug
developer's shares, saying the company's gene therapy,
LentiGlobin, will emerge as a curative therapy for most sickle
cell anemia patients this year. ID:nL4N0XQ413
** SPX CORP SPW.N , $79.75, -6.48 pct
The maker of pumps, valves and filtration equipment posted
first-quarter revenue that missed estimates due to a stronger
dollar. ID:nL4N0XQ4YK
** INPHI CORP IPHI.N , $20.33, +10.37 pct
The chipmaker posted a first-quarter profit marginally above
estimates and forecast second-quarter revenue and profit in line
with estimates. ID:nL4N0XQ4W0
RBC Capital Markets raised its price target on the stock to
$25 from $24. ID:nL4N0XQ4W0
** WYNN RESORTS LTD WYNN.O , $109.996, -15.70 pct
At least eight brokerages cut target prices on the casino
operator's stock by between $10 and $40 after the company
reported a weaker-than-expected first-quarter profit, hurt by
lower revenue from Macau. ID:nL4N0XQ3YE
** MYLAN NV MYL.O , $74.38, +2.30 pct
** PERRIGO CO PLC PRGO.N , $186.7, +0.17 pct
Mylan boosted its cash-and-stock offer to buy Perrigo to
$34.10 billion, a bid which is expected to be rejected, a person
familiar with the matter told Reuters. ID:nL4N0XQ4ML
** HUMANA INC HUM.N , $167.385, -7.58 pct
The health insurer reported a lower-than-expected
first-quarter profit, due to rise in claims in its retail and
group segments. ID:nL4N0XQ3IE
** OPENTEXT CORP OTEX.O , $51.76, -6.55 pct
At least five brokerages cut price targets on the stock
after the Canadian business-software maker OTC.TO reported
lower-than-expected third-quarter profit and revenue.
ID:nL4N0XQ4JZ
** HERCULES OFFSHORE INC HERO.O , $0.78, +12.21 pct
The drilling contractor reported a smaller-than-expected
quarterly loss, helped by lower costs. ID:nL4N0XQ5D8
** B&G FOODS INC BGS.N , $30.94, -2.83 pct
The food distributor said its offering of 4.2 million shares
of common stock was priced at $30.60 per share. ID:nBwb7Hq2Ya
** BUFFALO WILD WINGS INC BWLD.O , $158.75, -13.58 pct
The restaurant operator reported first-quarter results that
missed estimates as chicken wings prices soared 41 percent
versus last year's unusually low price. ID:nGNXVDJZGa
** KBR INC KBR.N , $17.03, +7.31 pct
The engineering and construction company posted a
first-quarter profit versus a year-ago loss, helped by cost
cuts. ID:nHUG3zkZ6T
** LOGMEIN INC LOGM.O , $66.08, +12.73 pct
The remote-access software maker reported a
better-than-expected first-quarter profit. ID:nGNXVDJYJa
** INTERNAP CORP INAP.O , $9.36, -10.26 pct
D. A. Davidson cut its price target on the network services
provider to $11, while Cowen cut it to $11 from $12.
ID:nL4N0XQ4X4
** BEL FUSE INC BELFA.O , $19.99, +10.56 pct
The circuit protection equipment maker's first-quarter sales
jumped 71.8 percent, helped by higher sales from its power
solutions and connectivity solutions business. ID:nBw4vGxpga
** NOVADAQ TECHNOLOGIES INC NVDQ.O , $10.915, -12.47 pct
The Canadian medical imaging product maker NDQ.TO posted a
bigger-than-expected first-quarter loss of $20 per share on
Tuesday as revenue fell and costs rose. ID:nGNXVDKAFa
** BARRETT BUSINESS SERVICES INC BBSI.O , $45.28, +11.09
pct
The management consulting company's first-quarter revenue
rose 24 percent, helped by higher revenue in its professional
employer services business. ID:nMKW990gra
** AMEDISYS INC AMED.O , $27.56, +5.07 pct
The home health and hospice company reported a
better-than-expected first-quarter profit, helped by higher
demand for its healthcare services. ID:nGNXVDKEWa
** MICROSTRATEGY INC MSTR.O , $184.31, +8.61 pct
The business software provider's first-quarter profit beat
the average analyst estimate as operating expenses fell 35
percent to $74.1 million. ID:nPnHHzwx
** M/A-COM TECHNOLOGY SOLUTIONS HOLDINGS INC MTSI.O ,
$32.89, +2.17 pct
The chipmaker reported higher-than-expected second-quarter
revenue and profit, helped by strength in its automotive
business. ID:nBw4ml5Tpa
** AVERY DENNISON CORP AVY.N , $54.85, +5.81 pct
The maker of tickets, tags and labels reported
higher-than-expected first-quarter profit and revenue, helped by
higher sales in its pressure-sensitive materials business, and
raised its 2015 profit forecast. ID:nBw1SYxCGa
** HELEN OF TROY LTD HELE.O , $88.55, +10.90 pct
The personal care products and kitchenware maker reported
higher-than-expected fourth-quarter adjusted profit and revenue,
driven by strong cold and flu season and demand for new
healthcare products. ID:nL4N0XQ52W
** STRATASYS SSYS.O , $41.06, -19.96 pct
** 3D SYSTEMS DDD.N , $25.17, -3.78 pct
** VOXELJET VJET.N , $8.37, -5.10 pct
Stratasys estimated first-quarter profit below analysts'
expectations, citing a stronger dollar and a decline in spending
by clients, particularly in North America. ID:nL4N0XP742
Shares of other 3D printer makers also fell. ID:nL4N0XQ3G7
** DIXIE GROUP INC DXYN.O , $10.19, -1.64 pct
The carpet and rugs maker reported a first-quarter net loss
versus a profit a year earlier. ID:nL4N0XQ4VX
** CARTER'S INC CRI.N , $98.74, +6.21 pct
The children's apparel marketer reported
better-than-expected first-quarter adjusted profit and revenue,
driven by Carter's and OshKosh divisions in the United States.
ID:nL4N0XQ4W6
** EPIZYME INC EPZM.O , $18.155, -5.49 pct
The drug developer's first-quarter loss was bigger than
expected, hurt by a jump in R&D expenses and a fall in
collaboration revenue. ID:nL4N0XQ4XR
** VERISK ANALYTICS INC VRSK.O , $76.25, +4.97 pct
The data analytics firm reported better-than-expected
first-quarter profit and revenue as sales in its decision
analytics business, which helps customers make decisions about
managing assets and associated risks, rose about 17 percent.
ID:nL4N0XQ4VG
** HILTON WORLDWIDE HOLDINGS INC HLT.N , $29.975, +1.82 pct
The hotel operator reported higher-than-expected quarterly
revenue, helped by higher room rates and increased occupancy.
ID:nL4N0XQ3IY
** GRUBHUB INC GRUB.N , $41.02, -9.45 pct
The online food order and delivery company's quarterly
profit missed market estimates due to a jump in expenses and
taxes. ID:nL4N0XQ4I6
** MASTERCARD INC MA.N , $90.51, +0.31 pct
The world's No. 2 debit and credit card company reported a
17 percent rise in quarterly profit as more people used its
cards worldwide. ID:nL4N0XQ47I
** GOODYEAR TIRE & RUBBER CO GT.O , $28.66, +5.56 pct
The largest U.S. tire maker reported a better-than-expected
quarterly profit as it shrugged off the effect of a stronger
dollar by managing its costs. ID:nL4N0XQ4CR
** GENERAL DYNAMICS CORP GD.N , $137.2, +2.79 pct
The U.S. weapons maker on Wednesday reported
higher-than-expected earnings and revenue for the first quarter.
ID:nL1N0XQ0Y2
** STARWOOD HOTELS & RESORTS WORLDWIDE INC HOT.N , $87.35,
+8.11 pct
The company, which owns the St. Regis and Sheraton hotel
brands, said it was exploring strategic and financial
alternatives and "no option is off the table." ID:nL4N0XQ3S5
** GARMIN LTD GRMN.O , $45.64, -3.90 pct
The maker of GPS-based gadgets' quarterly revenue rose much
less than expected as a strong dollar ate into its overseas
income. ID:nL4N0XQ3U3
** HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL
HASI.N , $19, -1.71 pct
The company, a provider of debt and equity financing for
infrastructure projects, said it will issue 4 million shares,
representing 14 percent of its outstanding stock, in a public
offering. ID:nL4N0XQ3QB
** ONCOLYTICS BIOTECH INC ONCY.O , $0.73, +3.38 pct
The drug developer's lead pancreatic cancer drug, Reolysin,
got orphan drug status from the European health regulator.
ID:nL4N0XQ3QN
** SPIRIT AIRLINES INC SAVE.O , $69.36, -10.94 pct
** UNITED CONTINENTAL HOLDINGS UAL.N , $59.54, -3.06 pct
** AMERICAN AIRLINES AAL.O , $49.08, -4.12 pct
** DELTA AIRLINES DAL.N , $45.17, -2.23 pct
** SOUTHWEST AIRLINES CO LUV.N , $40.9, -2.36 pct
** ALASKA AIR GROUP ALK.N , $65.24, -1.85 pct
** JETBLUE AIRWAYS CORP JBLU.O , $20.75, -1.28 pct
Spirit's poor results, weak U.S. economic data and rising
oil prices combine to clip the airline sector's wings.
ID:nL1N0XQ203 ID:nL1N0XQ0K5
** ARIAD PHARMACEUTICALS INC ARIA.O , $9.2699, +4.51 pct
Sarissa Capital Management LP said Ariad's Harvey Berger
would retire as CEO as part of a deal to settle the hedge fund's
proxy battle with the drugmaker. ID:nL4N0XQ3M7
** XPO LOGISTICS INC XPO.N , $48.93, +15.27 pct
The company has agreed to buy France's Norbert Dentressangle
SA GNDP.PA for $3.53 billion, including debt, in a deal it
says will make it one of the top 10 logistics company in the
world. ID:nL4N0XP739
** GENWORTH FINANCIAL INC GNW.N , $8.98, +12.39 pct
The life and mortgage insurer is considering strategic
options, including going private or selling its global life and
annuity insurance unit (GLAIC), Chief Executive Tom McInerney
said. ID:nL4N0XQ4KF
** AKAMAI TECHNOLOGIES INC AKAM.O , $74.56, -1.99 pct
The company, whose service helps speed up delivery of online
content, forecast current-quarter profit below analysts'
expectations, citing a stronger dollar. ID:nL4N0XP6ZR
** UNITED STATES STEEL CORP X.N , $24.03, -10.27 pct
The U.S. steelmaker cut its full-year forecast for adjusted
earnings before interest, taxes, depreciation and amortization
forecast to $700 million to $900 million from $1.1 billion to
$1.4 billion. ID:nL4N0XP79Q
** TEMPUR SEALY INTERNATIONAL INC TPX.N , $61.57, +2.11 pct
The mattress maker reported a 5.4 percent rise in quarterly
sales, helped by higher demand in its North America business,
the company's largest market. ID:nL4N0XO61G
(Compiled by Avik Das in Bengaluru; Editing by Simon Jennings)
((avik.das@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6749 1130; Reuters Messaging:
avik.das.thomsonreuters.com@reuters.net))
Keywords: MARKETS USA STOCKS/PULSE