By Fabio Alves
Bloomberg News
The following companies are having unusual price changes in U.S.markets this afternoon.
Dell Inc. (DELL US) dropped 12 percent, the most since November,to $22.08. The world's second-largest personal-computer said theU.S. slump in technology spending has moved abroad. Second-quarterprofit before one-time items was 33 cents a share, short of the 36-cent average projection compiled by Bloomberg.
Esterline Technologies Corp. (ESL US) rose 5.1 percent, the mostin seven weeks, to $56.13. The supplier for the aerospace anddefense industries forecast fiscal-year profit of $3.50 to $3.60 ashare, more than the $3.43 average estimate of seven analystssurveyed by Bloomberg.
Force Protection Inc. (FRPT US) slipped 6.8 percent, the mostsince July 14, to $3.95. The maker of blast-resistant vehicles forthe U.S. military said it will restate financial results for thefirst six months of 2007 after a review of its earnings statementsrevealed accounting errors.
Freddie Mac (FRE US) fell for the first time this week, losing 8percent to $4.86. Fannie Mae (FNM US) sank 9.7 percent to $7.18.Bank of China Ltd., the nation's third-largest bank, pared itsholdings of the mortgage-finance companies' corporate debt by 29percent in the past month as they faced growing losses and thepotential need for a U.S. government bailout.
FuelCell Energy Inc. (FCEL US) declined 9.4 percent to $6.96, thelowest since July 14. A customer delayed a contract to buy FuelCellproducts to at least 2009 because U.S. tax credits for renewableenergy that expire at the end of this year have not been renewed,the maker of pollution-free power plants said in a regulatoryfiling.
Fujifilm Holdings Corp. (FUJI US) tumbled the most since January2000, sliding 9.2 percent to $27.45. The world's biggest maker ofliquid-crystal display film cut its annual outlook, prompting UBS AGand Mizuho Securities Co. to reduce their ratings.
H&E Equipment Services Inc. (HEES US) lost 4.9 percent, the mostin three weeks, to $14.12. The Baton Rouge, Louisiana-based companythat rents and sells construction equipment was downgraded to"neutral" from "outperform" by Credit Suisse Group AG analyst JamieCook.
International Paper Co. (IP US) had the biggest drop since June6, losing 4 percent to $27.16. Deutsche Bank AG cut the world'slargest maker of office paper to "hold" from "buy."
Magma Design Automation Inc. (LAVA US) slid 8.8 percent to $5.06,a record low. The maker of software for the semiconductor industryreported a loss of 4 cents a share. Analysts projected a loss of 2cents, the average of three estimates in a Bloomberg survey.
Marvell Technology Group Ltd. (MRVL US) declined 4.9 percent to$14.04, the lowest since May 14. The maker of chips for theBlackBerry and iPhone a statement predicted sales in the currentquarter of $860 million to $880 million, missing the $889.2 millionpredicted by analysts in a Bloomberg survey.
PetSmart Inc. (PETM US) increased the most since May 2005, rising10 percent to $26.89. The largest U.S. pet store chain posted 5.6percent more second-quarter profit than analysts estimated,according to Bloomberg data, helped by increased boarding andgrooming sales for dogs and cats.
Popular Inc. (BPOP US) rose the most in a month, rising 13percent to $8.16. The owner of Puerto Rico's largest bank plans tosell the subprime home loans and servicing assets of its U.S.mortgage unit to Goldman Sachs Group Inc. (GS US) affiliates.
Sigma Designs Inc. (SIGM US) fell 4 percent to $17.08, a three-week low. Yesterday's forecast from the maker of chips for Internettelevision set-top boxes and Blu-ray video players was "soft,"according to Deutsche Bank AG, which cut its share- price forecastby 17 percent to $25 and its 2009 profit forecast by 15 percent to$1.37 a share.
Wind River Systems Inc. (WIND US) sank 11 percent to $11.01 forits steepest loss since March 2006. The developer of microprocessoroperating systems and software forecast third- quarter profit andsales that trailed analysts' estimates.
No comments:
Post a Comment