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ConAgra, Cypress, Discovery Labs, Mako, Pandora Media: U.S. Equity Preview
2012-03-07 09:28:36

Standard & Poor’s 500 Index futures expiring in March rose less than 0.1 percent to 1,342.1.

ConAgra Foods Inc. (CAG) : The food manufacturer said it completed its acquisition of Del Monte Canada from an affiliate of Sun Capital Partners Inc. Financial terms weren’t disclosed.

Cypress Semiconductor Corp. (CY) declined 1.9 percent to $15.71. The maker of computer chips for video-game consoles and mobile phones cut it’s first-quarter revenue forecast to no more than $190 million, falling short of the average analyst estimate of $205.9 million, according to data compiled by Bloomberg.

Discovery Laboratories Inc. (DSCO) surged 32 percent to $4.95. The biopharmaceutical company won approval from the Food and Drug Administration for its treatment to prevent respiratory distress in high-risk premature infants.

Mako Surgical Corp. (MAKO) : The medical device company reported fourth-quarter revenue of $32.9 million, beating the average analyst estimate by 7 percent, data compiled by Bloomberg show.

Pandora Media Inc. (P) (P US) plunged 19 percent to $11.58. The Internet radio pioneer forecast first-quarter results that missed analysts’ projections because of a seasonal lull in advertising sales.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net





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