U.S Reversed Early Losses, Now Flat (CIEN, JOY, ZNGA, LGF, BMRN)

U.S. stocks recovered from session low after disappointing labor market data to its European worries.
The Dow Jones Industrial Average was up 9.76 (0.08%) to 12,429.62, and the Standard & Poor's 500-stock index lost 2.17 (-0.17%) at 1,311.15. The Nasdaq Composite declined 10.81 (-0.38%) at 2,826.55.
The pace of hiring in private jobs is slowing down, according to an employment report released Thursday by payrolls-processor Automatic Data Processing Inc.

So far in the second quarter, the average monthly gain for private-sector payrolls is 123,000, compared with a pace of more than 200,000 seen for the U.S. economy in the first quarter, according to ADP.
The nation’s private-sector payrolls increased by 133,000 in May, led by small businesses and the service-providing sector. The April level was revised to growth of 113,000 from a prior estimate of 119,000.
Chicago PMI fell to 52.7 from 56.2 in April, a particularly weak reading that RDQ Economics says “tilts the balance of the [regional manufacturing] indicators toward the weaker side.”

Ciena Corporation (NASDAQ:CIEN) shares climbed 10% to $13.08 after the company posted a second-quarter net loss of $27.8 million, or $0.28 per share, as compared to $62.7 million, or $0.66 per share loss in the same quarter last year. On an adjusted basis, non-GAAP net income was $3.7 million, or $0.04 per share. Ciena reported second quarter 2012 revenue of $477.6 million, as compared with $417.9 million in the prior-year quarter. Analysts expected the company to report loss of $0.03 per share on revenue of $446.97 million for the quarter.

Joy Global Inc. (NYSE:JOY) stock declined 5.90% to $55.40 after the company posted second-quarter net income of $213.59 million or $2.00 per share, as against $161.97 million or $1.52 per share reported in the year ago period. Income from continuing operations improved to $217.95 million or $2.04 per share from $161.97 million or $1.52 per share in the same quarter a year earlier. Quarterly sales climbed to $1.54 billion from $1.06 billion in the prior year period. Analysts expected the company to earn $1.95 per on revenue estimate of $1.43 billion for the quarter.

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) shares jumped 3.30 % to $13.27 in the pre-market hour after the company swung to a fourth-quarter loss owing to higher marketing and acquisition expenses that overshadowed soaring revenue from its two blockbuster young-adult series.

Zynga Inc(NASDAQ:ZNGA) rebounded over 2.50% after analyst at Baird Equity Research upgraded the stock to outperform from neutral, citing "headwinds appear largely priced in."
BioMarin Pharmaceutical Inc.(NASDAQ:BMRN) fell 7.23% after it priced its public offering of 6.5 million shares at Wednesday's $38.29 closing price. The pharmaceutical company unveiled plans late Wednesday to offer shares to raise proceeds for general corporate purposes, including working capital and research and development.