Shares of Apple Inc. (AAPL) are higher by 1.09% to $116.25 in pre-market trading on Friday. Apple’s new iPhone 6s and iPhone 6s Plus will hit stores today, with the usual lines of eager fans ready to be among the first to get their hands on the latest model. The Street expects sales of up to 13 million phones over this first weekend of sales.
BlackBerry Limited (BBRY) reported second quarter/16 non-GAAP EPS of ($0.13) before the opening bell Friday, compared to the consensus estimate of ($0.09). Revenues decreased 46.5% from last year to $490 million. Analysts expected revenues of $603.46 million. Looking ahead, the company projected ‘modest’ sequential quarterly rev growth for the rest of FY2016. The stock is currently up $0.11 to $7.14 on 590K shares.
Bellerophon Therapeutics LLC (BLPH) shares surged more than 70% to $6.40 in pre-market trading after the tiny biotech reported positive data from an interim analysis of its Phase 2 long-term extension study of INOpulse for the treatment of Pulmonary Arterial Hypertension. Also, Bellerophon said the FDA declared that the firm’s Phase 3 PAH program for INOpulse, which will include two confirmatory clinical trials, undertaken either sequentially or in parallel, were acceptable.
Bellerophon also said that the first patient expected to be enrolled later this year.
Shares of Marvell Technology Group Ltd. (MRVL) are up $0.48, or over 5.26%, at $9.50, after the company this morning announced significant restructuring of its mobile platform business. Marvell said it plans to significantly downsize the mobile platform organization to refocus its technology to emerging opportunities in IoT, automotive, and networking. The successful restructuring of the co.’s mobile business is expected to result in annualized operating expense savings in the range of $170M to $220M.
Google Inc (GOOG) — The search giant is under antitrust scrutiny from the U.S. Federal Trade Commission, according to a Bloomberg report. Regulators are looking at Google’s practices involving the Android OS and if those practices are limiting competition.