SAN FRANCISCO (MarketWatch) — Shares of the following companies were among those that made significant moves in Thursday’s U.S. stock-market trading:
Alexion Pharmaceuticals /zigman2/quotes/206262068/composite ALXN -2.09% climbed 9% after the biotech firm raised its 2011 financial forecast. It now sees revenue of $745 million and $755 million, up from its previous forecast of $720 million to $740 million due largely to strong sales growth for its hematology treatment Soliris. Adjusted earnings are now expected to come in at $1.10 to $1.15 a share, up from $1.05 to $1.12 a share.
Datalink Corp.’s shares surged 13% after the data-storage provider projected a robust third quarter.
Medco Health Solutions Inc.’s shares jumped 14.4% after Express Scripts Inc. said it would acquire the rival pharmacy-benefits manager for $29.1 billion in cash and stock. Express gained 5.3%. Read more about Express Scripts’s deal for Medco Health.
Morgan Stanley’s /zigman2/quotes/209104354/composite MS -1.76% shares jumped 11.4% after the investment bank reported a loss in the second quarter that was narrower than analysts had expected. See related story on Morgan Stanley
Motorola Mobility /zigman2/quotes/208287560/composite MMI -2.96% climbed 12.4% after a filing from billionaire investor Carl Icahn recommended that the company “explore alternatives” for its portfolio of wireless patents. The filing stated that Icahn believes the company’s patent portfolio, “which is substantially larger than Nortel Networks’ and includes numerous patents concerning 4G technologies, has significant value.” Read more about Icahn's filing about Motorola Mobility.
SFN Group Inc.’s shares shot up 51% on news that the company will be bought by Dutch company Randstad Holding NV /zigman2/quotes/202421454/delayed NL:RAND -2.03% for about $770 million.
Shares of Sino-Global Shipping America Ltd. /zigman2/quotes/200129943/composite SINO -1.83% rocketed 42.7% after the company reported Wednesday that it reached a strategic cooperation agreement with COSCO Container Shipping Agency.
Scholastic /zigman2/quotes/205063902/composite SCHL -1.07% shares jumped 11% after the company reported quarterly earnings that beat analysts’ outlook. The publisher and educational services company reported it earned adjusted earnings of 82 cents a share in the fourth quarter, marginally down from 84 cents a share a year earlier. However, it still beat the average forecast of 76 cents a share profit by analysts in a FactSet survey.
AmerisourceBergen /zigman2/quotes/201066379/composite ABC +0.02% shares fell 6% on worries that the company’s lucrative contract with Medco Health Solutions could be in jeopardy now that it is being acquired by Express Scripts.
Tech boom lives at car dealers
Expensive high-end cars have been flying off the lots since the end of June in the Bay Area. Apple and Intel employees are among the best customers, one local dealer says. But it's the boom in anticipated IPOs for companies like Zynga and Facebook that car dealers are banking on.
F5 Networks Inc.’s /zigman2/quotes/209237881/composite FFIV -0.22% shares declined 11.3% after the software company late Wednesday reported third-quarter results that disappointed. Read more on F5 results
Genworth Financial Inc.’s /zigman2/quotes/204924015/composite GNW -10.98% shares dropped more than 13% a day after the insurer reported a second-quarter loss amid worsening trends in its mortgage-guarantee business. Read about Genworth’s move to bolster reserves
Meridian Bioscience /zigman2/quotes/202928219/composite VIVO +1.17% stumbled 17% after the diagnostic-testing company lowered its 2011 revenue and earnings outlook. Read about Meridian’s weaker outlook
Seagate Technology PLC’s /zigman2/quotes/201824240/composite STX +0.97% shares fell almost 17% a day after the maker of computer disk drives forecast first-quarter earnings below estimates. Read details on Seagate’s outlook
Travelzoo Inc. /zigman2/quotes/208830603/composite TZOO -1.41% skidded more than 34% after the company reported quarterly earnings that were below analysts’ estimates. The Internet travel and media company reported second-quarter profit of $4.92 million, or 30 cents a share, while analysts surveyed by FactSet had projected earnings of 38 cents. Read about reason behind Travelzoo’s retreat