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  • 11/17/2017 09:03:45

    GE stock gains; CEO Flannery bought over $1 million worth of stock this week

    General Electric Co.'s stock gained 0.4% in morning trade Friday, as the industrial conglomerate gave investors some good news to end a bad week. GE disclosed Friday that Chief Executive John Flannery bought 60,000 GE shares on Nov. 15 at a price of $18.27, implying a cost of $1,096,200. That was the day after the stock had plunged 12.6% in two sessions in reaction to Flannery's long-awaited, but disappointing, turnaround plan unveiled on Monday. On Nov. 15, the stock traded in a range of $17.50 to $18.38. Flannery's purchase lifted his stake to 683,026 shares, including what is in his 401K account, which is about 0.01% of the shares outstanding. GE's stock has dropped 10.5% this week, just the second weekly double-digit-percentage decline in the past 7 1/2 years. The other was the 12.8% tumble the week ending Oct. 27, following third-quarter results. GE shares have shed 26% over the past three months, while the Dow Jones Industrial Average has rallied 7.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/14/2017 14:03:34

    U.S. stocks close lower as tax reform uncertainties weigh; GE extends losses

    U.S. stocks retreated Tuesday, with all three main indexes closing lower, as uncertainties over whether the Trump administration will be able to deliver sweeping tax reforms weighed on investors' confidence. Analysts had largely credited anticipation over imminent corporate tax cuts for fueling much of the market's record-setting rally this year. Shares of General Electric Co. also extended losses, slumping 5.9%, in the wake of disappointment over the company's restructuring plan that included slashing dividends. The S&P 500 fell 5 points, or 0.2%, to close at 2,578 while the Dow Jones Industrial Average shed 30 points, or 0.1%, to end at 23,409. The Nasdaq Composite Index slid 19 points, or 0.3%, to close at 6,737.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/14/2017 05:52:20

    Switch shares slide 5% premarket after guidance disappointed investors

    Shares of data-center company Switch Inc. fell 5% in premarket trade Tuesday, extending late-session losses from Monday that came after its first quarterly earnings report since going public. Wells Fargo analyst Jennifer Fritzsche said it was a solid quarter, but investors may have been disappointed that the midpoint of its first revenue guidance implies a 0.7% sequential decline in fourth-quarter revenue. "We believe SWCH is being conservative in guidance and would anticipate the company to be toward the high-end of its revenue guidance targets," Fritzsche wrote in a note. "Our struggle with the name continues to be valuation driven." Switch stock is currently trading at about a 4 times premium to the average of data center REITs, she said. Wells Fargo has a market perform rating on the stock. J.P. Morgan analysts agreed that guidance was conservative, and said it was reiterating its overweight rating and $22 stock price target. The stock has gained 18% since going public at $17 and is up about 5% in the last month. The S&P 500 has gained 0.4% in the last month. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/14/2017 01:05:50

    BRIEF-SAP SE says ‍blockchain initiative expands to 27 members​

    * Says ‍joins Alastria Consortium and BiTA blockchain industry alliance​ Source text for Eikon: Further company coverage:

  • 11/07/2017 18:01:02

    Trump's surprise visit to Korean DMZ canceled due to poor weather

    A surprise visit by President Donald Trump to the Korean demilitarized zone was called off Wednesday due to bad weather. According to the Associated Press, Trump's helicopter was almost at the DMZ when fog and poor visibility forced the trip to be aborted, and Trump returned to Seoul. White House press secretary Sarah Huckabee Sanders said Trump was disappointed. "I think he's pretty frustrated," she told reporters. The trip to the heavily fortified border with North Korea had not been announced, and in fact, last week the White House explicitly said he would not visit the DMZ. "It's becoming a little bit of a cliché, frankly," one White House official said. Trump is visiting South Korea as part of a 10-day Asian tour, and is scheduled to speak to South Korea's National Assembly later in the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/07/2017 16:50:40

    EMERGING MARKETS-Brazil stocks fall on reform woes, Latam FX slips

    (Recasts with currency losses, updates prices) By Bruno Federowski SAO PAULO, Nov 7 (Reuters) - Brazilian stocks sank to a two-month low on Tuesday on concerns a corruption probe would sap the government's ability to further cut spending, while Latin American currencies weakened. Mexico's peso and Brazil's real lost ground as the dollar broadly gained on expectations the United States would raise interest rates faster than Europe. Higher U.S. rates could attract yield-hungry invest

  • 11/06/2017 23:46:40

    Indonesia drops threat to block WhatsApp Messenger -official

    Indonesia has dropped a threat to block Facebook Inc's WhatsApp Messenger because the service had responded to concerns over obscene content, an official at the communications ministry said on Tuesday. The ministry vowed on Monday to block WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format images were removed.

  • 11/06/2017 03:24:01

    Indonesia threatens to block WhatsApp messaging over obscene content

    Indonesia on Monday vowed to block Facebook Inc's WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format images were removed. WhatsApp, which is widely used in Indonesia, the world's most populous Muslim-majority country, said message encryption prevented it from monitoring the third-party providers Indonesians use to search for GIFs.

  • 11/02/2017 12:32:27

    U.S. Justice Dept ends probe of Chesapeake mineral royalty practices

    Nov 2 (Reuters) - The U.S. Department of Justice ended a three-year probe of Chesapeake Energy Corp's royalty payment and land purchase practices without taking action, the natural gas producer said in a securities filing on Thursday.

  • 10/27/2017 13:41:42

    Apple's stock rally stands out for the Dow

    Investors shouldn't give credit to the surging in shares of Intel Corp. and Microsoft Corp. , after both tech-sector heavyweights reported better-than-expected earnings, for the Dow Jones Industrial Average's gain, they should instead thank Apple Inc.'s stock rally. That's because the combined price gain in Intel and Microsoft shares of $9.13, which would about 63 points to the Dow's price, was being cancelled out by the combined price decline in Chevron Corp. and Merck & Co. Inc. shares after the companies' disappointing results of $9.50, which would shave about 65 points off the Dow. So the Dow's 22-point gain can be attributed to the $5.61, or 3.6%, gain in Apple's stock after reports of strong iPhone X demand, which is adding about 39 points to the Dow.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/27/2017 11:47:13

    Expedia heads for worst day in four years after earnings disappointment

    Expedia Inc. shares plunged as much as 20% in Friday trading after the online-travel company posted disappointing quarterly results, trimming billions off of the company's market capitalization. The stock fell as low as $118 and were headed for the biggest one-day percentage drop in more than four years. The drop, which came after at least 18 analysts dropped their price target on the stock Friday morning, cost Expedia almost $4 billion in market value at its nadir in morning trading. Expedia stood out from other tech companies that were spiking Friday morning after earnings results, sending the S&P 500 index and Nasdaq composite index higher. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/26/2017 14:05:07

    Dow, S&P 500 close higher; biotech weakness pressures Nasdaq

    The Dow and S&P 500 ended higher on Thursday, supported by a steady stream of healthy earnings, though weakness in the biotechnology sector pressured the Nasdaq. The Dow Jones Industrial Average rose 71 points, or 0.3%, to 23,401. The S&P 500 added 3.3 points to 2,560, a gain of 0.1%. The Nasdaq Composite Index ended down 7 points, or 0.1%, at 6,557. The Nasdaq's weakness came as biotech shares sold off sharply. The iShares Nasdaq Biotechnology ETF lost 2.3% after Celgene Corp. reported disappointing results and cut its outlook. Celgene shares ended 16% lower. On the upside, Twitter Inc. rose 20% on the back of its results while Ford Motor Co. ended up 1%. The stocks of companies in the pharmaceutical supply chain dropped after a report that Amazon has obtained approval to become a wholesale distributor in a number of states. Rite Aid Corp. sank 6.2% while CVS Health Corp. was down 2.9%. CVS shares were also impacted by reports it would buy Aetna . Shares of Aetna ended 11.5% higher. Adding to the buying momentum, the House of Representatives passed a budget blueprint on Thursday, paving the way for the Senate to later pass a tax-reform package.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 16:48:43

    Varian Medical tumbles more than 6% after disappointing earnings, forecast

    Varian Medical Systems Inc. shares dropped more than 6% in after-hours trading Wednesday following an earnings report that showed disappointing profit. The medical-device company reported fourth-quarter net income of $82.7 million, or 89 cents a share, on sales of $739 million, down from $747.2 million a year ago. After adjustments for restructuring and other effects, the company claimed earnings of $1.09 a share, up from $1.03 a share last year. Analysts on average had expected adjusted earnings of $1.19 a share on revenue of $741.7 million, according to FactSet, and Varian had guided for earnings of $1.15 to $1.23 a share. The company's outlook for its new fiscal year was also lower than expectations, as Varian said full-year adjusted earnings will be $4.20 to $4.32 a share on revenue of $2.72 billion to $2.78 billion. Analysts on average were forecasting adjusted earnings of $4.47 a share on sales of $2.8 billion. Varian shares fell lower than $101 in late trading after closing at $107.90.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 14:06:27

    U.S. stocks end lower after disappointing earnings

    U.S. stock-market indexes closed lower on Wednesday following a string of disappointing earnings results. The S&P 500 closed 11.98 points, or 0.5%, lower to 2,557.15, with losses across all 11 main sectors. The Dow Jones Industrial Average tumbled 112.30 points, or 0.5%, to 23,329.46. The tech-heavy Nasdaq Composite index declined 34.54 points, or 0.5%, to 6,563.89. Among the worst performers, Chipotle Mexican Grill, Inc plunged 14%, while Advanced Micro Devices and Alaska Air Group, Inc lost about 13% each. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 14:06:06

    Dow, S&P 500 register worst day in seven weeks

    NEW YORK (Reuters) - U.S. stocks ended lower on Wednesday, with the Dow and S&P 500 suffering their worst day in seven weeks, on a batch of disappointing quarterly earnings reports and a rise in bond yields.

  • 10/25/2017 09:06:54

    GE's stock tumbles toward biggest weekly decline in 7 1/2 years

    General Electric Co.'s stock fell 1.3% in morning trade Wednesday, which puts it on track for the worst weekly performance in over seven years, in the wake of the industrial conglomerate's disappointing third-quarter results. The stock, which was headed for the lowest close since April 23 2013, has now tumbled 9.4% so far this week. That would be the worst three-session decline since it plunged 11.7% over the three-day stretch ending Aug. 8, 2011, and the biggest weekly decline since it tumbled 10.5% for the week ending May 7, 2010. GE reported late Friday earnings that missed expectations for the first time in 2 1/2 years. The stock reversed an early selloff to close higher that day, but then fell 6.3% Monday and 1.9% Tuesday. Wednesday's slide would mark three-straight 1%+ declines since it fell 1.6%, 4.2% and 1.8% over three days ending Jan. 8, 2016. GE's stock has now tumbled 15% over the past three months and 32% year to date, while the Dow Jones Industrial Average has gained 8% in three months and 18% this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 06:24:10

    AMD's stock tumbles after 'meh' gross margin outlook offsets 'solid' earnings beat

    Shares of Advanced Micro Devices Inc. tumbled 9.8% in very active premarket trade, as the chip maker's better-than-expected results and outlook weren't quite good enough to support recent sharp gains. Volume bulged to over over 3.9 million shares a little over an hour before the open, making the stock the most actively traded in the premarket. Stifel Nicolaus analyst Kevin Cassidy said the third-quarter beat was "solid," but gross margin expansion was just "meh." He reiterated his hold rating, saying the lack of sequential gross margin expansion "has us questioning" how customers are valuing AMD's new products, or whether market acceptance is slower than anticipated. Susquehanna's Christopher Rolland kept his rating at neutral, saying he was also disappointed in the gross margin outlook. He said that although the overall fourth-quarter outlook beat expectations, he was disappointed that it indicated AMD's core business was decelerating, and suggested a "marked slowdown" in cryptocurrency-related sales. The stock has run up 26% year to date through Tuesday, while the tech-heavy Nasdaq 100 has rallied 25% and the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/24/2017 17:10:12

    Chipotle shares fall as store openings scaled back, profit disappoints

    (Reuters) - Chipotle Mexican Grill Inc will open fewer restaurants to get "fundamentals right" and posted disappointing quarterly sales and earnings on Tuesday, as the company struggles to recover from a bruising string of food safety lapses. Shares in the burrito chain were down 9.5 percent in extended trading after executives reported slightly weaker-than-expected sales at established restaurants despite introducing a queso cheese dip in September. Chipotle also announced it w

  • 10/19/2017 06:43:00

    Genuine Parts earnings fall short in 'disappointing' quarter

    Shares of car parts retailer Genuine Parts Co. fell about 3% in premarket trade Thursday, after third-quarter profit fell short of estimates and the company lowered profit guidance for the full year. The Atlanta-based company said it had net income of $158.4 million, or $1.08 a share, in the quarter, down from $185.3 million, or $1.24 a share, in the year-earlier period. Adjusted per-share earnings came to $1.16, below the FactSet consensus of $1.28. Sales rose to $4.1 billion from $3.9 billion, matching the FactSet consensus. "While we are disappointed with this quarter's results, we are excited about the opportunities ahead and we move forward with a deep sense of urgency as we focus on maximizing shareholder value and positioning the Company for long-term success," Chief Executive Paul Donahue said in a statement. The company raised its full-year sales growth forecast to 4% to 4.5% from a prior 3% to 4%, reflecting revenue to be added through acquisitions. But it lowered its profit outlook to $4.55 to $4.60 a share from a prior $4.70 to $4.75. Shares had gained 2.6% in 2017 through Wednesday, while the S&P 500 has gained 14.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/17/2017 14:18:05

    Cree shares fall after company's outlook disappoints

    Shares of Cree Inc. fell more than 6% late Tuesday after the company met expectations for adjusted earnings and sales in the fiscal first quarter but provided a disappointing outlook for its second quarter. Cree said it lost $20 million, or 20 cents a share, in the quarter, versus a net income of $566,000, or a penny a share, in the first quarter of fiscal 2017. Adjusted for one-time items, the Durham, N.C., company earned $4 million, or 4 cents a share, compared with $15 million, or 15 cents a share, in the year-ago period. Revenue reached $360 million, down 3% from the $371 million in the first quarter of fiscal 2017. Analysts polled by FactSet had expected Cree to report an adjusted profit of 4 cents a share on sales of $360 million. Cree forecast second-quarter revenue in a range of $340 million to $360 million; the FactSet analysts predict $369 million. The company targeted its adjusted results in a range of $1 million loss to a $4 million profit, or 1 cent loss a share to 4 cents earnings a share. The analysts surveyed by FactSet expect adjusted earnings of 7 cents a share. Cree shares ended the regular trading day up 0.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 14:27:15

    Blackhawk Network shares fall on outlook

    Blackhawk Network Holdings Inc. shares dropped in the extended session Wednesday after the pre-paid card company forecast a disappointing outlook for the year. Blackhawk shares declined 3.9% to $42.50 after hours, following an initial 10% drop. For the year, Blackhawk estimates adjusted earnings of $1.56 to $1.70 a share on adjusted operating revenue of $940 million to $981 million. Analysts surveyed by FactSet expect earnings of $1.68 a share on revenue of $1.11 billion. "We have recently seen increasing competitive pressures in some retail markets and believe this will result in lower growth in our U.S. retail physical channels going forward," said Blackhawk Chief Executive Talbott Roche in a statement. The company reported a third-quarter loss of $7.6 million, or 14 cents a share, compared to a loss of $5.1 million, or 9 cents a share, in the year-ago period. Adjusted earnings were 18 cents a share. Adjusted operating revenue rose to $208.3 million from $168.9 million in the year-ago period. Analysts had estimated earnings of 10 cents a share on revenue of $216.5 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/10/2017 06:41:10

    Eli Lilly's stock sinks after disappointing results from late-stage trial of cancer treatment

    Shares of Eli Lilly & Co. sank 4.2% in premarket trade Tuesday, after disappointing drug trial results. The company said earlier that a phase 3 trial of its lung cancer treatment Verzenio failed to meet its primary endpoint of overall survival. The company said secondary endpoints of progression-free survival and overall response rate showed evidence of monotherapy activity. Lilly said it would submit the data for presentation at a medical meeting in 2018. "While the outcome is unfortunate for patients with KRAS-mutated, advanced lung cancer, we remain encouraged by the antitumor activity observed with abemaciclib in this form of lung cancer where few clinical advances have been achieved," said Levi Garraway, senior vice president of global development and medical affairs. The stock has run up 18.4% year to date through Monday, while the SPDR S&P Pharmaceuticals ETF has gained 10.8% and the S&P 500 has rallied 13.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/06/2017 12:25:12

    BRIEF-Canada says extremely disappointed by latest Commerce duties on Bombardier

    * Canada says "extremely disappointed by and in complete disagreement" with latest Commerce duties Bombardier CSeries jet. * Canada says Commerce move not a surprise, says "will continue to raise this issue with Boeing (BA) and with the U.S. government at the highest levels" Further company coverage:

  • 10/02/2017 09:04:24

    Tesla declines as investors await quarterly delivery numbers

    Tesla Inc. stock fell more than 1% Monday morning, ahead of the expected release of the electric car maker's quarterly delivery numbers. Tesla reports how many cars it delivered in a quarter within three days of the end of the period, which concluded at the end of September. This quarter's number will include the first Model 3 deliveries, after the company launched its important sedan aimed at the mass market in the quarter. Analysts on average expect about 26,000 third-quarter deliveries, with about 1,300 Model 3 units included, after Tesla disappointed with its second-quarter total and said that 3,500 cars were in transit and would count for third-quarter results. Tesla shares fell as much as 1.9% early in Monday's session before recapturing some of the losses, continuing a rough period for the stock, which has fallen 6.3% in the past three months as the S&P 500 has gained 4%. Tesla is still up 58.5% for the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/28/2017 15:52:01

    Trucking group disappointed self-driving bill leaves out big vehicles

    WASHINGTON (Reuters) - A U.S. trucking group said Thursday it was disappointed that a compromise bill to advance self-driving cars and eliminate regulatory roadblocks will not include larger vehicles.

  • 09/25/2017 10:12:42

    Colgate-Palmolive's stock surges as analyst sees 'rare opportunity' to buy

    Shares of Colgate-Palmolive Co. ran up 3.4% toward a 2 1/2-month high in midday trade Monday, after the consumer products company was upgraded at Morgan Stanley, citing valuation and expectations of a re-acceleration in sales growth. Analyst Dara Mohsenian raised his rating to overweight from equal weight, and lifted his stock price target to $84 from $75. In a recent survey of investors, Mohsenian said Colgate-Palmolive scored the lowest on sentiment among the mega-cap consumer staples companies covered, which likely stems from three-straight quarters of sales growth disappointments and subpar earnings quality. But Mohsenian said he believes revenue growth will accelerate given easier comparisons and a rebound in emerging markets, at a time when the market is "mispricing" the company's strategic options and competitive position. "We see a rare opportunity to buy a well-positioned business at a valuation level close to structurally less-attractive peers, as [Colgate-Palmolive's] topline slowdown vs. peers has driven stock underperformance," Mohsenian wrote in a note to clients. The stock has lost 3.1% over the past three months, while the SPDR Consumer Staples Select Sector ETF has eased 2.2% and the S&P 500 has gained 2.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/21/2017 15:00:23

    Versartis shares halted

    Shares of Versartis Inc. were halted late Thursday after the biopharmaceutical company said its drug somavaratan failed to meet its primary endpoint in a phase 3 trial. The drug, a form of human growth hormone that seeks to treat growth-hormone deficiency, failed to demonstrate superiority to Genotropin, an offering from Pfizer Inc. , in a study focusing on pediatric growth-hormone deficiency. "We are very surprised and disappointed to learn the outcome," Chief Executive Jay Shepard said in Thursday's announcement, adding that the company planned to provide a corporate update later this year. Versartis shares have gained 27% in the past three months, more than 10 times the gains for the S&P 500 Index in the same period, and nearly 45% so far this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/13/2017 11:47:06

    Chesapeake Energy's stock surges toward biggest gain in over 5 1/2 months as crude prices rally

    Shares of Chesapeake Energy Corp. shot up 7.1% in active afternoon trade Wednesday, putting them on track for their best performance since March 29, as upbeat government crude production data helped propel crude price to a third-straight gain. Trading volume in the oil and gas exploration company's stock climbed to 33.6 million shares, already above the full-day average of 32.6 million shares, and enough to make the stock the New York Stock Exchange's second-most actively traded. Crude oil futures rallied 2.2%, after the U.S. Energy Information Administration said domestic crude supplies increased 5.9 million barrels in the week ended Sept. 8, well below forecasts of a rise of 10.1 million barrels. The correlation coefficient between Chesapeake's stock and continuous crude oil futures was 0.903, where 1.000 means they move exactly a like. Chesapeake's stock, which closed at a 17-month low as recently as Aug. 30, has still tumbled 24% over the past three months. In comparison, the SPDR Energy Select Sector ETF has slipped 1.9% the past three months while the S&P 500 has gained 2.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/12/2017 21:22:47

    WhatsApp co-founder Brian Acton leaving Facebook

    WhatsApp co-founder Brian Acton announced his departure from the company Tuesday, three years after Facebook Inc. bought the messaging app for $22 billion. "After 8 years at WhatsApp, I have decided to move on and start a new chapter in my life," he said in a Facebook post. Acton said he intends to start a foundation "focused at the intersection of nonprofit, technology and communications." Acton ran WhatsApp's engineering team. His fellow co-founder, CEO Jan Koum, will remain at the company. Last week, Facebook said it would eventually start charging companies for some of WhatsApp's features as it seeks a path to monetization. In July, Facebook said WhatsApp had reached 1 billion daily active users, but that it will take a few years to start making money from the app. Facebook shares are up 17% in the past three months, and up 50% year to date, compared to compared to the S&P 500's gains of 3% and 12%, respectively.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 14:57:56

    Tintri plunges after first post-IPO earnings report

    Tintri Inc. dropped more than 9% in late trading Thursday after the company's first earnings report since its initial public offering. The flash-storage company reported a second-quarter net loss of $51.7 million, or $2.05 a share, on revenue of $34.9 million, an improvement from losses of $7.53 a share a year ago on sales of $27.6 million. After adjusting for stock-based compensation, the company claimed a loss of 91 cents a share, up from a loss of $1.03 a share a year ago. Analysts on average expected adjusted losses of 98 cents a share on sales of $35.7 million, according to FactSet. After missing sales expectations, Tintri also disappointed with its forecast, guiding for third-quarter revenue of $36 million to $37 million as analysts were projecting revenue of $42.8 million on average. Tintri, which cut its targeted price and share count ahead of its IPO before pricing shares at the bottom of its range, fell close to $6 a share in late trading after closing with a 1.6% decline at $6.68.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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