AIG, Hansen Natural, Kraft Foods, PepsiCo: U.S. Equity Preview

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:15 a.m. in New York.

American International Group Inc. (AIG) fell 1.1 percent to $30.45. The insurer bailed out by the U.S. government said first-quarter profit slumped 85 percent on costs tied to repaying its rescue and claims from the earthquakes in Japan and New Zealand.

Demand Media Inc. (DMD US) soared 17 percent to $19.15. The Internet content provider said first-quarter profit excluding some costs was 6 cents a share. That beat the average analyst estimate of 4 cents a share in a Bloomberg survey.

Dolby Laboratories Inc. (DLB) : The maker of audio systems lowered its forecast for fiscal 2011 profit excluding some costs to as little as $2.75 a share, below the average analyst projection of $2.89 a share, according to Bloomberg data. Shares lost 5.9 percent to $47.79.

Hansen Natural Corp. (HANS) : The maker of energy drinks, sodas and tea posted first-quarter profit of 59 cents a share, beating the average of analyst estimates by 20 percent, Bloomberg data show. The stock gained 4.9 percent to $65.

Immersion Corp. (IMMR) : The software company reported first-quarter sales of $9.77 million, beating the average analyst estimate by 33 percent, Bloomberg data show. Shares rose 13 percent to $8.

Kraft Foods Inc. (KFT) : The world’s second-largest food company lowered its full-year earnings forecast because of the loss of the Starbucks Corp. (SBUX US) distribution business and surging commodity costs.

PepsiCo Inc. (PEP US) added 1.1 percent to $69.56. The world’s largest snack-food maker was raised to “outperform” from “neutral” at Credit Suisse Group AG, which also lifted its share-price estimate to $85 from $69.

Rubicon Technology Inc. (RBCN) gained 3.8 percent to $28.76. The maker of crystalline products forecast second- quarter earnings of 82 cents a share at least, topping the average analyst estimate of 68 cents in a Bloomberg survey.

Sapient Corp. (SAPE) : The technology consulting company said second-quarter service revenue may be as much as $257 million, exceeding the average analyst estimate of $246 million. The stock gained 8.6 percent to $13.

To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net; 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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