(Corrects second paragraph to show that Yang said a deal is the best option
for Microsoft, instead of a deal is the best option for Yahoo. Changes story
link to that of corrected version.)
NEW YORK, Nov 6 (Reuters) - Some U.S. stocks to watch on Thursday:
YAHOO INC (YHOO.O)
MICROSOFT (MSFT.O)
Jerry Yang, Yahoo Inc's chief executive, on Thursday said that he believes
a deal between itself and Microsoft is still the best option for the software
company. For details, see [ID:nN05361782]
Yahoo shares closed Wednesday at $13.92 while shares of Microsoft, a Dow
component, closed at $22.08.
WAL-MART STORES INC (WMT.N)
The discount retailer reported an increase of 2.4 percent in October
same-store sales, above analysts' expectations. [ID:nN06535304]
Shares of the Dow component closed Wednesday at $54.13 and edged up to
$54.35 before the bell on Thursday.
COSTCO WHOLESALE CORP (COST.O)
The retailer said October comparable sales fell 1 percent. Analysts were
expecting growth of 3.6 percent, including fuel. [ID:nWNAB8735]
Shares of the company closed Wednesday at $53.17 but fell to $52.60 before
the bell.
CISCO SYSTEMS (CSCO.O)
The company late Wednesday said revenue could fall as much as 10 percent in
the current quarter. [ID:nN05343782]
Shares of the technology company closed at $17.39 and fell to $16.51 before
the bell.
AMAZON.COM INC (AMZN.O)
Citigroup downgraded the company to hold from buy. [RCH/US]
The stock closed at $51.98 and slid to $50 before the bell.
AUTONATION (AN.N)
The company swung to a loss in its third-quarter, hurt by the slump in the
U.S. auto market, as well as noncash charges for goodwill and franchise
impairments. [ID:nN06523958]
AutoNation shares closed Wednesday at $6.09.
TYCO ELECTRONICS (TEL.N)
The manufacturer of electronic connectors reported fourth-quarter earnings
that beat expectations. [ID:nN06519010]
Shares of the company closed Wednesday at $19.01.
OFFICEMAX INC (OMX.N)
The office supplies retail reported a net loss of $5.70 a share on a note
backed by Lehman Brothers. On an adjusted basis, it posted earnings of 36 cents
a share. [ID:nN27426256]
OfficeMax shares closed Wednesday at $5.57.
HERTZ GLOBAL HOLDINGS (HTZ.N)
The car rental company said it wouldn't meet its current earnings guidance
and suspended making estimates until the economy improves. [ID:nN05360371]
Hertz shares closed Wednesday at $6.66.
TEVA PHARMACEUTICAL (TEVA.O)
The generic drug maker reported third-quarter earnings that beat
expectations. [ID:nL6658735]
Shares of Teva closed Wednesday at $40.67.
ALNYLAM PHARMACEUTICALS INC (ALNY.O)
The biopharmaceutical company posted a narrower-than-expected quarterly
loss, helped by lower expenses, and raised its year-end cash balance forecast
to more than $500 million. [ID:nBNG399686]
Shares closed at $26.22 Wednesday on Nasdaq.
LEAP WIRELESS INTERNATIONAL INC (LEAP.O)
The low-cost mobile carrier reported quarterly results below Wall Street
estimates, hurt by higher expenses as it expands into new markets.
[ID:nBNG405755]
Shares of the company closed at $28.75 Wednesday on Nasdaq.
FIRST MARBLEHEAD CORP (FMD.N)
The securitizers of student loans reported a wider-than-expected quarterly
loss, hurt by illiquidity in the financing market for private student loans.
[ID:nBNG425431]
Shares of the company closed down 19 percent at $1.52 Wednesday on the New
York Stock Exchange.
CADENCE DESIGN SYSTEMS INC (CDNS.O)
Microchip-design software maker Cadence Design Systems Inc said it plans to
cut 12 percent of its global work force
, in a restructuring move widely anticipated by analysts, and said it expects a
pretax charge of about $65 million to $70 million. [ID:nBNG417891]
Shares of the company, which have lost more than two-thirds of their value
in the last year, closed down 12 percent at $4.34 Wednesday on Nasdaq.
XENOPORT INC (XNPT.O)
The company posted a significantly wider-than-expected quarterly loss as
collaboration revenue fell 87 percent, and said it expects losses for the next
several years. [ID:nBNG350319]
Shares of XenoPort closed at $40.48 Wednesday on Nasdaq.
