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Market Update

U.S. Movers: ADT, Expedia, Fair Isaac, Netflix, St. Jude Medical, Whirlpool

Author: Mukesh Buch
Last Update: 11:53 AM ET October 14 2013

11:45 AM New York ADT Corp offered senior unsecured notes of $1 billion. Expedia dropped after a downgrade. Fair Isaac lowered revenue and earnings outlook. Netflix jumped on talks to distribute content through cable operators. St. Jude acquired Nanostim for $123.5 million.

The ADT Corporation (ADT) gained 1.8% or 71 cents to $40.05 after the electronic security provider offered senior unsecured notes of $1 billion to repay $150 million debt and to buy back shares.

Eaton Vance Corporation fell 1% or 39 cents to $38.09 after the investment manager said as assets under management at the end of September quarter jumped $273.1 billion compared to $268.8 billion a year ago.

Fixed income segment assets at the end of the quarter were $45 billion, compared to $46 billion on July 31.

Expedia Inc declined 7.7% or $3.99 to $47.74 after Deutsche Bank lowered its view to ""Hold"" from ""Buy.""

Fair Isaac Corporation (FICO) dropped 3.7% or $2.12 to $55.21 after the analytical software provider lowered revenue for its fiscal fourth quarter in the range of $188 million to $190 million and earnings per share are expected in the range 77 cents to 81 cents per share.

Total revenue for the fiscal 2013, forecasted between $741 million and $743 million compared to prior guidance of $755 million to $765 million and expects full-year earnings in the range $2.47 to $2.51 per share compared to prior guidance of $2.61 to $2.70 per share.

Netflix, Inc jumped 3.6% or $10.80 to $311.65 after the report Internet based video content aggregator is said to be in talks with cable operator including Comcast Corp and Time Warner Cable Inc.

St. Jude Medical, Inc. (STJ) increased 1.1% or 60 cents to $55.76 after the medical-devices maker completed its acquisition of leadless pacemakers maker Nanostim Inc. for $123.5 million.

Whirlpool Corporation (WHR) plunged 5.7% or $8.16 to $132.26 after the home appliances maker declared a quarterly dividend of 62.5 cents unchanged from the previous quarter will be paid on Dec. 15.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc