Font ResizeBy Lynn Thomasson and Mary Childs
BLOOMBERG NEWS
Shares of the following companies are having unusual moves in U.S. trading this morning.
Aeropostale Inc. (ARO US) tumbled 15 percent to $32.31 and earlier fell as much as 16 percent, the steepest intraday loss since Dec. 1. The retailer with more than 900 locations said sales at U.S. stores open at least a year rose 3 percent in October, trailing the 14 percent average of analysts' estimates compiled by Retail Metrics Inc.
Amdocs Ltd. (DOX US) rose 9 percent to $26.68 and earlier as much as 11 percent, the greatest intraday gain since April 2008. The world's largest provider of billing and customer- service software reported earnings of 53 cents a share, 12 percent more than the average analyst estimate in a Bloomberg survey.
American Eagle Outfitters Inc. (AEO US) fell 11 percent to $15.98 and earlier dropped 12 percent for the biggest intraday slump since Dec. 19. The Pittsburgh-based clothing retailer said it will have adjusted third-quarter earnings of no more than 21 cents per share, less than the average analyst estimate of 22 cents in a Bloomberg Survey.
Andersons Inc. (ANDE US) dropped 13 percent to $26.22 and earlier plunged 15 percent, the steepest intraday loss since November 2008. The grain marketer reported a third-quarter profit excluding some items of 7 cents a share, 80 percent less than the average analyst estimate a Bloomberg survey.
Ansys Inc.
CareFusion Corp. (CFN US) climbed 6.9 percent to $24.10, the highest intraday price since it went public in August. The unit of Cardinal Health Inc. (CAH US) spun off earlier this year reported adjusted first-quarter earnings of 39 cents a share, higher than the average analyst estimate of 26 cents in a Bloomberg survey. The company also raised its 2010 earnings forecast.
Childrens Place Retail Stores Inc. (PLCE US) gained 7.7 percent to $34.89 and earlier rallied 8 percent for the biggest intraday increase since July 30. The Secaucus, New Jersey-based chain of more than 900 shops said it will have third-quarter earnings between $1.35 and $1.39 a share, more than the average analyst estimate of 97 cents in a Bloomberg survey.
Cisco Systems Inc. (CSCO US) added 2.6 percent to $23.89 and earlier rose 3.4 percent for the biggest intraday gain since Oct. 19. The largest maker of networking equipment reported profit that topped analysts' estimates after the company curtailed hiring, shuttered offices and cut travel costs. Cisco also announced plans to expand its stock buyback program by $10 billion.
CTC Media Inc. (CTCM US) climbed 9.5 percent to $17.58 and earlier surged 19 percent, the most intraday since May 7. The owner of Russia's fourth-biggest television network said third- quarter net income attributable to shareholders rose to $25.9 million from $21 million in the year-earlier period.
CVS Caremark Corp. (CVS US) plunged 22 percent to $28.12 and earlier dropped 24 percent, the most intraday since 2001. The drugstore chain with more than 7,000 U.S. stores said its unit for managing pharmacy benefits lost $3.7 billion in contracts in the third quarter and forecast narrower margins next year.
Dynegy Inc. (DYN US) climbed 10 percent to $2.07 and earlier jumped 11 percent for the steepest intraday increase since Aug. 10. The Houston-based power producer reported third- quarter earnings of 27 cents per share excluding certain items, beating the average analyst estimate of 3 cents.
Education Management Corp. (EDMC US) increased 6.7 percent to $22.78 and earlier jumped 10 percent for the biggest intraday gain since Oct. 2. The U.S. college operator owned that had its initial public offering last month said it had first-quarter earnings of 13 cents a share and net revenue of $534.4 million.
EMS Technologies Inc. (ELMG US) slid 19 percent to $13.85, the biggest intraday slide since July 2006. The provider of wireless communication equipment reported third-quarter earnings of 38 cents a share, 9.5 percent less than the average analyst estimate in a Bloomberg survey.
Fuel Systems Solutions Inc. (FSYS US) gained 23 percent to $41.45, the most intraday since May 8. The provider of alternative fuel systems said it earned 77 cents a share in the third quarter, excluding some items, 79 percent more than the average estimate of analysts surveyed by Bloomberg. The company also raised its 2009 sales forecast to as much as $425 million, more than the $377 million average estimate of analysts.
Graphic Packaging Holding Corp. (GPK US) rose 6.1 percent to $2.79 and earlier climbed 14 percent in the steepest intraday advance since Sept. 22. The company which supplies cartons to Kraft Foods Inc. and General Mills Inc. reported adjusted third- quarter earnings of 3 cents per share and sales of $1.05 billion, after a loss a year earlier.
IMS Health Inc. (RX US) surged 24 percent to $20.85, the most intraday since Oct. 14. The provider of prescription data to drugmakers and analysts, agreed to sell itself to investment funds managed by TPG Capital and the CPP Investment Board for $22 a share, or about $5.2 billion.
Lamar Advertising Co. (LAMR US) climbed 15 percent to $28.77, the biggest intraday gain since May 7. The U.S. billboard owner reported an adjusted third-quarter loss of 8 cents per share, narrower than the average analyst estimate of a 17 cent loss in a Bloomberg survey. The company also forecast fourth-quarter sales of $257 million, exceeding the average analyst prediction of $251.9 million.
MetroPCS Communications Inc. (PCS US) slumped 7.9 percent to $6.10 and earlier tumbled 11 percent for the biggest intraday loss since Aug. 6. The pay-as-you-go mobile-phone carrier lowered its forecast for subscriber additions in 2009, blaming the economy and intensifying competition.
Protective Life Corp. (PL US) lost 15 percent to $16.45 and earlier retreated 18 percent in the biggest intraday slide since May 13. The insurer that abandoned plans to win federal bailout funds reported third-quarter earnings of 55 cents a share, 28 percent lower than the average analyst estimate of 76 cents in a Bloomberg survey.
Sanmina-SCI Corp. (SANM US) soared 25 percent to $8.32 and earlier rallied 26 percent in the biggest intraday gain since March 27. The maker of computers and phones said that it expects to earn at least 10 cents a share in the fiscal first quarter, excluding some items. Analysts, on average, estimated a loss of 2 cents, according to a Bloomberg survey.
Smith Micro Software Inc. (SMSI US) dropped 25 percent to $6.76 and earlier slumped 28 percent for the biggest intraday loss since November 2007. The communications-software provider for wireless carriers and phone makers reduced its 2009 sales forecast, projecting revenue of as little as $105 million, less than the $112 million average estimate of analysts surveyed by Bloomberg.
SunPower Corp. (SPWRA US) gained 5.4 percent to $26.68 and earlier increased 5.9 percent for the biggest intraday advance since Oct. 19. The second-biggest U.S. supplier of solar modules was upgraded to "buy" from "hold" and its share price estimate raised to $31 from $28 at Deutsche Bank, which said SunPower's "products, systems business and market strategy will enable the company to outgrow the market."
SXC Health Solutions Corp. (SXCI US) climbed 11 percent to $51.74 for the biggest intraday gain since Sept. 18. The pharmacy-benefits management company reported adjusted third- quarter earnings of 47 cents per share, 22 percent better than the average analyst estimate of 38 cents in a Bloomberg survey.
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Whole Foods Market Inc. (WFMI US) dropped 12 percent to $28.20, the most intraday since Nov. 21. The largest natural- food grocer forecast full-year earnings of $1.10 a share at most, trailing the average estimate of $1.11 from analysts in a Bloomberg survey.
