Stocks on the Move
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses. Prices are as of 8:45 a.m.
Aetna Inc. (AET:US) declined 4.2 percent to $28. The third- largest U.S. health insurer forecast 2010 earnings excluding some items will drop to a range of $2.55 to $2.65 a share, missing the average estimate of $2.84 a share in a Bloomberg survey of analysts.
Airgas Inc. (ARG:US) soared 43 percent to $62.15. The biggest U.S. distributor of industrial gases rose after Air Products & Chemicals Inc. said it’s prepared to take a $60-a- share bid straight to shareholders of Airgas.
Badger Meter Inc. (BMI:US): The maker of water meters and fluid-control devices reported fourth-quarter profit excluding some items of 34 cents a share, missing the average analyst estimate in a Bloomberg survey by 6.3 percent.
Bruker Corp. (BRKR:US): The maker of scientific instruments and its shareholders said fourth-quarter sales will exceed $355 million. On average, the analysts in a Bloomberg survey forecast revenue of $323.3 million.
Coach Inc. (COH:US) lost 2.5 percent to $33.60. The largest U.S. maker of luxury leather handbags was cut to “neutral” from “buy” at Goldman Sachs.
CVS Caremark Corp. (CVS:US) and Walgreen Co. (WAG:US): The largest U.S. pharmacy chains may receive an earnings “windfall” from the arrival of generic versions of branded drugs, said Derek Taner, who manages the $1 billion Invesco Aim Global Health Care Fund from Houston.
Hain Celestial Group Inc. (HAIN:US): The maker of organic food and beverages reported second-quarter sales of $312.2 million, beating the average analyst estimate in a Bloomberg survey by 23 percent.
Harmonic Inc. (HLIT:US): The provider of video-delivery systems reported fourth-quarter profit excluding some items of 7 cents a share, beating the average analyst estimate in a Bloomberg survey by 37 percent.
Illumina Inc. (ILMN:US) slumped 4.2 percent to $35.10. The maker of DNA analysis equipment forecast 2010 earnings excluding some items of $1 a share at most, missing the average analyst estimate in a Bloomberg survey of $1.05.
KKR Financial Holdings LLC (KFN:US): The debt-investment affiliate of buyout firm KKR & Co. raised its quarterly dividend to 7 cents a share from 5 cents.
Lions Gate Entertainment Corp. (LGF:US): Charter Communications Inc. (CCMM:US) said it will introduce Epix, a multiplatform premium entertainment channel, video-on-demand and online service to customers during May. Epix is the joint venture formed by Viacom Inc., its Paramount Pictures unit, Metro-Goldwyn-Mayer Studios Inc. and Lions Gate.
Luminex Corp. (LMNX:US): The developer of biological testing technologies forecast 2010 sales of $138 million to $148 million. The average analyst estimate in a Bloomberg survey was for revenues of $139.5 million.
MasterCard Inc. (MA:US) rose 1.8 percent to $226.11. The world’s second-biggest payments network was raised to “outperform” from “market perform” at Wells Fargo Securities.
NIC Inc. (EGOV:US): The provider of Internet-based electronic government solutions forecast 2010 sales of $161 million at most, missing the average analyst estimate in a Bloomberg survey of $163.5 million.
Nordstrom Inc. (JWN:US) fell 1.6 percent to $34.54. The retailer was cut to “neutral” from “buy” at Goldman Sachs.
Phase Forward Inc. (PFWD:US) slumped 20 percent to $11.85. The maker of products to manage health-care data was cut to “hold” from “buy” at Needham & Co.
Ralcorp Holdings Inc. (RAH:US) rallied 5.6 percent to $64.44. The maker of RyKrisp crackers and Post cereals reported first-quarter profit excluding some items of $1.20 a share, beating the average analyst estimate in a Bloomberg survey by 16 percent.
ResMed Inc. (RMD:US) gained 9 percent to $55.49. The world’s second-biggest maker of machines to regulate breathing for people with sleeping disorders reported second-quarter profit that beat analyst expectations on higher revenue.
Sensient Technologies Corp. (SXT:US): The maker of food and beverage flavors reported fourth-quarter earnings excluding one- time items of 47 cents a share. That beat the average analyst estimate in a Bloomberg survey by 3.8 percent.
SuccessFactors Inc. (SFSF:US): The employee-management software maker forecast it would break even, excluding some items, in the first quarter, missing the average analyst estimate in a Bloomberg survey of earnings of 2 cents a share.
Sunoco Inc. (SUN:US): The largest U.S. refiner on the East Coast reported a fourth-quarter adjusted loss of 27 cents a share. Analysts surveyed by Bloomberg estimated loss of 25 cents a share, on average.
Tyson Foods Inc. (TSN:US) rallied 4.7 percent to $14.65. The world’s biggest meat producer reported first-quarter profit from continuing operations of 42 cents a share. Analysts surveyed by Bloomberg estimated profit of 17 cents on average.
United Parcel Service Inc. (UPS:US): The world’s largest package-delivery company raised the quarterly dividend by 4.4 percent, for the first boost in two years. The increase matched the Bloomberg dividend forecast.