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MARKET PULSE-Dell, Scotts Miracle-Gro, Casey's
June 13 |
June 13 (Reuters) - Some U.S. stocks on the move on Wednesday:
** DELL INC, $12.57, up 5 pct
The No. 2 PC maker aims to raise its target on dividends and share buybacks to 20 to 35 percent of free cash flow, saying its corporate software and services business is on track to grow by an average of 10 percent annually until fiscal 2016.
** SCOTTS MIRACLE-GRO CO, $36.67, down 15 pct
The company said it would fall short of its full-year outlook as demand for its potting soil and plant seeds failed to take off during the peak gardening season in the United States.
** CASEY'S GENERAL STORES, $52.59, down 12 pct
The convenience store operator reported quarterly earnings that missed Wall Street estimates on lower gasoline margins and higher operating expenses
** JOHNSON & JOHNSON, $64.55, up 2.3 pct
The company said it expects the $19.7 billion purchase of Swiss medical device maker Synthes to slightly boost profit this year, rather than being a moderate drag on earnings as previously expected.
** ZYNGA INC, $5.14, up 3.4 pct
Evercore Partners upgraded Zynga's stock to "equal-weight" from "under weight," saying the social gaming company is likely to benefit from new game releases expected later this month.
** NIELSEN HOLDINGS NV, $27.20, down 2 pct
The company lowered its full-year revenue forecast range, citing "changes in operating conditions" for its international business.
** KIT DIGITAL INC, $3.77, up 12 pct
The company said it is in talks with several parties who have expressed interest in buying the video technology provider.
** COFFEE HOLDING COMPANY INC, $6.16, down 15 pct
The company reported its second-quarter results on Wednesday.
** CURTISS-WRIGHT, $30.65, up 1.8 pct
The company said it has canceled participation in an industry conference due to an unanticipated business matter.
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