(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were slightly higher on Tuesday as the market's long-running upward bias looked to continue, though further gains may be difficult to come by in a week that's expected to be quiet. Dow Jones industrial average e-mini futures were up 0.11 percent at 17,812, S&P 500 e-mini futures were up 0.10 percent at 2,069.5 and Nasdaq 100 e-mini futures were up 0.19 percent at 4,290.
** WORKDAY INC, Monday close $92.49, -8.10 pct premarket
The maker of cloud-based human resources software forecast fiscal year 2016 revenue below market estimates and Q4 revenue forecast indicates growth of roughly 66-67 percent for the year ending January, much slower than 71 percent growth in fiscal 2014.
At least 6 brokerages, including Goldman Sachs, cut price target on the stok by as much as $10 to as much as $90; Median price target on stock is $100.
** PETROBRAS SA, Monday close $10.5, +6.67 pct premarket
Citigroup Global Markets analyst Pedro Medeiros raised its recommendation on U.S.-traded common shares of Petróleo Brasileiro SA to “buy” from “neutral” while cutting the price target to $13 from $17. In a client note, Medeiros said the stock’s 54 percent drop in the past three months left the stock trading at attractive multiples relative to global rivals. The target on Brazil-traded common shares was also cut to 17 reais from 21 reais.
** SUNGY MOBILE LTD, Monday close $6.18, -9.87 pct premarket
The mobile internet product and service provider reported lower-than-expected Q3 profit, hurt by higher costs and lower margins. Revenue from mobile reading services also fell 28.4 percent due to fewer purchases of the company’s online literary content.
** TIFFANY & CO, Monday close $105.01, +1.58 pct premarket
The upscale jeweler reported lower-than-expected quarterly sales due to weak demand in Japan. Revenue rose 5.2 percent to $959.6 million, missing the analysts’ average estimate of $968.9 million, according to Thomson Reuters I/B/E/S.
** CAMPBELL SOUP CO, Monday close $44.59, +0.36 pct premarket
The soup and snacks maker’s irst-quarter profit jumped 36 percent, helped by strong sales of its soups and snacks. Net sales rose 4.2 percent to $2.26 billion.
** CYBERARK SOFTWARE LTD, Monday close $47.01, -4.28 pct premarket
William Blair & Co downgrades the Israeli cyber-security service provider’s stock to “market perform” from “outperform”; Nomura Equity Research downgrades to “neutral” from “buy,” according to theflyonthewall.com. CyberArk can beat full-year revenue growth forecasts of about 42 pct, but growth may slow long term as it grows larger and the market becomes more penetrated, according to William Blair analysts.
** NUANCE COMMUNICATIONS INC, Monday close $15.31, +5.62 pct premarket
The voice recognition software maker reported a better-than-expected quarterly adjusted profit, helped by strong demand from healthcare clients. The company forecast an adjusted profit of $1.10-$1.20 per share on revenue of $2.02-$2.08 billion for 2015; analysts were expecting profit of $1.15 on revenue of $2.07 billion.
** YINGLI GREEN ENERGY HOLDING CO LTD, Monday close $2.99, -2.68 pct premarket
The Chinese solar panel maker reported a smaller loss for the sixth straight quarter due to lower costs. The company, which has not reported a profit in the last 12 quarters, reported total module shipments of 903.4 megawatts (MW). The company shipped 887.9 MW in the second quarter.
** E COMMERCE CHINA DANGDANG, Monday close $12.41, -2.90 pct premarket
The Chinese online books and media retailer posted lower-than-expected Q3 profit, hurt by higher marketing expenses. The year-over-year and quarter-over-quarter increases in marketing expenses reflect increased investment in mobile advertising and new destination categories, company said. It also forecast Q4 revenue of about 2.5 billion yuan ($408 million), above analysts’ average estimate of $401.5 million.
** PALO ALTO NETWORKS INC, Monday close $113.26, -0.23 pct premarket
The security software maker forecast current-quarter revenue and profit above analysts’ expectations, reflecting strong demand for its products as more companies look to guard their data and networks from hackers. The seller of firewalls that prevent data breaches and block malware and viruses also reported better-than-expected first-quarter revenue and profit on Monday.
** NABORS INDUSTRIES LTD, Monday close $16.4, -1.82 pct premarket
** C&J ENERGY SERVICES INC, Monday close $19.01, -100.00 pct premarket
A Delaware court has held up the merger of Nabors Industries Ltd’s unit with the oilfield services provider, saying C&J’s board did not adequately shop the company, the Wall Street Journal reported, citing people familiar with the decision.
** LORAL SPACE & COMMUNICATIONS INC, Monday close $78.5, +0.89 pct premarket
Ontario Teachers Pension plan and Canada’s Public Sector Pension Investment Board are nearing a deal to acquire the satellite manufacturer, according to a source familiar with the matter.
** DYCOM INDUSTRIES INC, Monday close $26.2, -100.00 pct premarket
The engineering and construction contract services provider reported better-than-expected Q1 profit and Q2 earnings and revenue forecast largely above Wall Street estimates.
** VIOLIN MEMORY INC, Monday close $5.29, -100.00 pct premarket The flash storage provider reported Q3 revenue that beat analysts’ average estimate for the first time in five quarters; posted a lower-than-expected loss as costs fall. More large enterprises and cloud data centers begin to transition from disk to flash, according to CEO Kevin DeNuccio. (Compiled by Anya George Tharakan in Bangalore; Edited by Don Sebastian)