Oracle Corporation (NYSE:ORCL) (CNBC)
Shares of Oracle fell as much as 10 percent Tuesday following a third-quarter earnings report that “generally underwhelmed on most relevant metrics,” according to Credit Suisse analysts. The company beat Wall Street estimates on earnings per share, reporting 83 cents compared with Thompson Reuters consensus estimates of 72 cents, but came in just below revenue estimates, dragged down by slow cloud revenue growth. The enterprise software company reported $9.77 billion in revenue compared with $9.78 billion expected by analysts.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) (MarketWatch)
Shares of Arena Pharmaceuticals Inc. ARNA, +27.45% shot up 34% in premarket trade Tuesday, after the drugmaker reported positive results from a phase 2 trial of its treatment for ulcerative colitis. The rally comes after the stock had declined for six-straight sessions, and for 10 of the past 11 sessions, since closing at a near three-year high of $43.37 on March 2. Arena said late Monday that the OASIS trial for etrasimod achieved “statistically significant improvements versus placebo in the primary, all secondary and clinical remission endpoints.
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Mulesoft Inc (NYSE:MULE) (Reuters)
(Reuters) – Salesforce.com Inc (CRM.N) is in advanced discussions to acquire U.S. software maker MuleSoft Inc (MULE.N), people familiar with the matter told Reuters on Tuesday, as it looks to expand its offerings beyond customer relationship management software. The acquisition, which the sources said could be worth more than $6 billion, would be Salesforce’s biggest ever deal, illustrating Chief Executive Marc Benioff’s push to supplement the company’s cloud-based portfolio with new technology. MuleSoft shares jumped more than 20 percent to $39.88 after Reuters reported the talks, giving the company a market value of $5.3 billion. Salesforce shares were up 0.3 percent at $125.31.
Vivint Solar Inc (NYSE:VSLR) (Benzinga)
Vivint Solar, Inc. gained 13.4 percent to $3.80. Vivint Solar disclosed that it won four awards at the 12th annual Stevie® Awards for Sales & Customer Service.
Childrens Place Inc (NASDAQ:PLCE) (CNBC)
Children’s Place – The children’s apparel retailer reported adjusted quarterly profit of $2.52 per share, 3 cents a share above estimates. Revenue was below forecasts, however, and a same-store sales increase of 8.2 percent was slightly short of the 8.4 percent consensus of analysts surveyed by Thomson Reuters. Separately, Children’s Place increased its quarterly dividend by 25 percent to 50 cents per share and announced a $250 million share repurchase program.
Universal Display Corporation (NASDAQ:OLED) (MarketWatch)
Shares of Universal Display Corp. OLED, +7.58% are up 4.4% in Tuesday trading after Gabelli analyst Hendi Susanto upgraded the stock to buy from hold. His upgrade comes after the stock plunged 12% in Monday’s session, following a report saying Apple Inc. AAPL, +0.25% was making its own MicroLED display screens. Susanto wrote in his upgrade note that he thought Apple’s work with MicroLED screens was still in the research and development stage, and he noted that Apple bought a MicroLED startup in 2014, meaning that the company’s interest in the technology isn’t particularly new.
BlackBerry Ltd (NYSE:BB) (Reuters)
(Reuters) – BlackBerry Ltd’s (BB.TO) U.S.-listed shares (BB.N) rose nearly 6 percent in premarket trading on Tuesday after the company said it would partner with Microsoft Corp (MSFT.O) to provide security for flagship Office apps used by businesses. The partnership comes at a time when companies are ramping up their cybersecurity capabilities after a wave of attacks on high-profile companies pointed to security flaws. BlackBerry has focused on developing security software since it stopped making smartphones in 2016 after failing to compete with Android phones and Apple Inc’s (AAPL.O) iPhones.
Alimentation Couche-Tard Inc (OTCMKTS:ANCUF) (Bloomberg)
U.S. consumers sparked a shopping spree for Alimentation Couche-Tard Inc. in recent years as the Canadian convenience store giant scooped up rivals south of the border. Now that expansion is slowing its growth. Shares of the Laval, Quebec-based owner of Circle K fell 6.5 percent, the biggest intraday decrease in two years, after it reported anemic same-store sales and a drop in fuel volume and margins in the U.S. Adjusted earnings fell short of the lowest analyst estimate for the quarter ended Feb. 4.
Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) (Benzinga)
Northern Oil and Gas, Inc dropped 15.6 percent to $1.92 after the company announced a $105 million offering. The company also raised FY18 production growth guidance.
