Bloomberg News

Baker Hughes, Big Lots, Hershey: U.S. Equity Movers

April 24, 2012

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.

Homebuilders gained as sales of new U.S. homes were stronger than projected in March. PulteGroup Inc. (PHM:US) rose 4.6 percent to $8.60. D.R. Horton Inc. (DHI:US) advanced 3.2 percent to $15.54. Lennar Corp. (LEN:US) added 2.2 percent to $25.27.

Alimera Sciences Inc. (ALIM:US) surged 28 percent, the most in the Russell 2000 Index, to $3.44. The pharmaceutical company said it got approval to sell Iluvien in Austria as a treatment for diabetic macular edema, the first national authorization in the European Union.

AT&T Inc. (T:US) rose the most in the Dow Jones Industrial Average, rallying 3.6 percent to $31.72. The largest U.S. phone company posted first-quarter earnings that beat analysts’ estimates after wireless subscribers spent more on browsing the Web, downloading video and sending e-mail.

Baker Hughes Inc. (BHI:US) rose 4.8 percent, the most since Jan. 3, to $43.04. The oilfield-services contractor reported first-quarter earnings that exceeded analysts’ estimates and said it expects to see “significant” benefits from supply- chain improvements in the second half.

Big Lots Inc. (BIG:US) plunged 24 percent, the most in the Standard & Poor’s 500 Index, to $34.71. The discount retailer cut its U.S. comparable-store sales forecast for the fiscal first quarter to “slightly negative,” compared with a previous estimate for an increase of as much as 4 percent.

Carlisle Cos. (CSL:US) jumped 11 percent to $55.17, the highest price since at least 1980. The maker of construction materials, tires and trailers reported first-quarter earnings that beat the average analyst estimate by 54 percent, the most since 2009, according to data compiled by Bloomberg.

Ceradyne Inc. (CRDN:US) dropped 15 percent, the most since February 2009, to $26.57. The maker of ceramic body armor for U.S. soldiers reduced its full-year forecast as first-quarter earnings trailed analysts’ estimates.

Corrections Corp. of America (CXW:US) (CXW US) fell 8.9 percent, the most since May 16, to $27.60. California, which once locked up more prison inmates than any other state, may slash $4.1 billion in construction plans, reclaim inmates housed in other states and close one of its costliest facilities. Corrections Corp. runs prisons for public agencies.

Fusion-io Inc. (FIO:US) rallied 4 percent, the most since April 17, to $27.25. The developer of flash-memory technology may be a target for enterprise server or storage vendors, such as Oracle Corp. (ORCL US), Hewlett-Packard Co. (HPQ US), International Business Machines Corp. (IBM US), Dell Inc. (DELL US), NetApp Inc. (NTAP US) or Cisco Systems Inc. (CSCO US), according to William Blair & Co.

Hershey Co. (HSY:US) climbed 6 percent, the most since April 2010, to $66. The chocolate maker boosted its full-year forecast after first-quarter earnings beat analysts’ estimates.

J&J Snack Foods Corp. (JJSF:US) surged 14 percent, the most since June 2000, to $55.68. The maker of SuperPretzels reported second-quarter per-share earnings that surpassed the average projection of analysts surveyed by Bloomberg.

Juniper Networks Inc. (JNPR:US) advanced 7.2 percent, the most since Dec. 20, to $21.63. The second-largest maker of networking equipment reported first-quarter revenue of $1.03 billion, beating the average analyst estimate of $977.1 million.

Lexmark International Inc. (LXK:US) fell 6.5 percent, the most since Oct. 25, to $30.44. The maker of laser and inkjet printers forecast second-quarter earnings will be no more than $1.05 a share, compared with the average analyst projection for $1.14 a share, data compiled by Bloomberg show.

Netflix Inc. (NFLX:US) plunged 14 percent, the most since Oct. 25, to $87.68. The world’s largest video-subscription service projected a slowdown in growth of U.S. streaming customers.

Parker Hannifin Corp. (PH:US) advanced 8.7 percent, the most since May 2010, to $87.96. The maker of fluid power systems and air-conditioning products boosted its full-year adjusted earnings forecast to at least $7.30 a share. That’s higher than the average analyst estimate of $7.09 in a Bloomberg survey.

RadioShack Corp. (RSH:US) slumped 11 percent to $5.34, the lowest price since 1981. The consumer-electronics retailer reported an unexpected first-quarter loss, hurt by falling U.S. demand for mobile phones and laptop computers.

Sanmina-SCI Corp. (SANM:US) fell the second-most in the Russell 2000 Index, dropping 14 percent to $8.87. The maker of computers and phones said third-quarter revenue and earnings would fall short of the average estimates of analysts surveyed by Bloomberg.

Symantec Corp. (SYMC:US) fell 11 percent, the most since July 2009, to $16.01. The maker of computer security software reduced its sales and profit forecast for the fiscal fourth quarter, citing an increase in contracts with deferred revenue.

Waters Corp. (WAT:US) slid 7.4 percent, the most since Oct. 7, to $81.80. The maker of laboratory products and instruments forecast full-year earnings of $5.15 a share at most, trailing the average analyst estimate of $5.24.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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Companies Mentioned

  • PHM
    (PulteGroup Inc)
    • $21.67 USD
    • 0.31
    • 1.43%
  • DHI
    (DR Horton Inc)
    • $25.49 USD
    • 0.19
    • 0.75%
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