Stocks in Action: Orexigen Therapeutics, Schlumberger Limited, Sanmina Corp, Lululemon Athletica Inc

Dallas, TX -- (SBWIRE) -- 03/19/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Orexigen Therapeutics, Inc.(NASDAQ:OREX) shares dropped 3.95% to $5.84. The company, on Mar. 13, posted fourth-quarter net loss of $32.5 million or $0.41 per share, wider than $4.3 million or $0.09 per share in the previous year quarter. Total revenues for the quarter were $857 thousand, flat with last year. Analysts expected the company to report a loss of $0.44 per share on revenues of $910 thousand.

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Schlumberger Limited.(NYSE:SLB) shares dropped 3.85% to $76.34. The company, on Mar. 5, introduced the DigiScope* slimhole measurement-while-drilling (MWD) service. The robust signal of the DigiScope slimhole MWD technology transmits high-quality data to surface for real-time reservoir description and geosteering in land, extended-reach and deepwater wells.

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Sanmina Corp(NASDAQ:SANM) shares decreased 3.80% and closed at $11.40. The company, on Mar. 11, announced that its Board of Directors has authorized a stock repurchase program of up to $100 million worth of the Company's common stock. The stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares will depend upon the market conditions and other factors. Share repurchases, if any, will be made in the open market, through 10b5-1 programs or in negotiated transactions off the market. Repurchases under the program may be commenced or suspended at any time without prior notice.

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Lululemon Athletica inc. (NASDAQ:LULU) shares fell 3.77% to $65.90. The company announced that its financial results for the fourth quarter and full year fiscal 2012 will be released Thursday, March 21, 2013. The company will host a conference call at 9:00 a.m. Eastern time to discuss the financial results.

Additionally, the company, on Mar. 18, announced the recall of its signature black Luon fabric yoga pants and crops from stores, showrooms and online website in a move that will impact its financial results for the first quarter. The company lowered its revenue and comparable-store sales guidance for the first quarter after the recall that stemmed from the detection of fabric quality issues.

Is LULU a Buy After The Latest Price Action? Find Out Here

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