Allete, AMB Property, Boeing, Exeter Resource: U.S. Equity Market Preview
Stock Chart for Prologis Inc (AMB)
Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 5:50 p.m. in New York.
Standard & Poor’s 500 Index futures expiring in June fell 0.1 percent to 1,184.90.
Allete Inc. (ALE US) slid 1.2 percent to $34.37 The provider of energy services in the upper Midwest U.S. said it expects a charge of 12 cents a share in the first quarter due to the U.S. Patient Protection and Affordable Care Act.
AMB Property Corp. (AMB US) fell 3.5 percent to $27.63. The industrial real estate landlord said that, excluding some items, it probably earned 30 cents a share at most in the first quarter. That trailed the average analyst estimate of 31 cents from analysts in a Bloomberg survey. The company also said it plans to sell 12 million shares, raising money to cut debt and fund investments.
Boeing Co. (BA US): The world’s second-largest commercial- plane maker said it completed the first maintenance training class for the new 787 Dreamliner, which is scheduled for delivery starting in the fourth quarter.
Exeter Resource Corp. (XRA US): The gold exploration company with deposits in Chile and Argentina denied a Reuters report that it is in takeover talks with several companies.
To contact the reporter on this story: Lu Wang in New York at firstname.lastname@example.org
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