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AFC, Big Lots, Empire District, Level 3: U.S. Equity Movers

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 9:40 a.m. in New York.

AFC Enterprises Inc. (AFCE) rose 3.7 percent to $15.56. The owner and operator of Popeyes restaurants said it earned 27 cents a share excluding some items in the first quarter, beating the average analyst estimate by 2.7 percent.

Big Lots Inc. (BIG) slumped 3.8 percent to $31.10. The discount retailer forecast second-quarter earnings of 38 cents to 48 cents a share, falling short of the average analyst estimate of 52 cents, according to Bloomberg data.

Computer Sciences Corp. (CSC) lost 9.2 percent to $40.03. The provider of computer services to companies and U.S. government agencies said profit for fiscal 2012 will be as much as $4.80 a share. Analysts projected $5.07, according to the average of estimates compiled by Bloomberg.

Family Dollar Stores Inc. (FDO) gained 2 percent to $55.92. Bill Ackman, the founder of Pershing Square Capital Management known for investing in companies to press for changes, said he invested in the Matthews, North Carolina-based discount retailer because it’s “very reasonably priced” and may be acquired.

Empire District Electric Co. (EDE) plunged 17 percent to $18.51. The electricity provider in Missouri said it is suspending its quarterly dividend for the second half of 2011, citing a tornado this month.

Guess? Inc. (GES US) rose 12 percent to $44.76. The clothing retailer forecast second-quarter earnings excluding some items of as much as 83 cents a share, compared with the average analyst estimate of 78 cents.

Hhgregg Inc. (HGG) gained 14 percent to $14.75. The Indianapolis-based appliance and electronics retailer forecast 2012 earnings of as much as $1.35 a share, compared with the average analyst projection for $1.29 a share. The company also reported quarterly earnings that exceeded estimates.

Immucor Inc. (BLUD) climbed 4.6 percent to $21.90. The maker of products used to screen donated blood was raised to “outperform” from “sector perform” at RBC Capital Markets LLC by with a 12-month price estimate of $25 a share.

Level 3 Communications Inc. (LVLT) advanced 1.6 percent to $2.24. The broadband service provider purchasing Global Crossing Ltd. cut borrowing costs in a $600 million bond sale as relative yields on its securities plunge.

Lululemon Athletica Inc. (LULU) fell 1.8 percent to $95.86. The biggest Canadian athletic-wear retailer was cut to “underperform” from “market perform” at FBR Capital Markets LLC with a 12-month price estimate of $80 a share. FBR cited rising costs.

NetApp Inc. (NTAP) rose 4.5 percent to $54.04. The data- management company forecast adjusted earnings of as much as 57 cents a share for the first quarter, compared with the average estimate of analysts surveyed by Bloomberg of 50 cents a share.

Semtech Corp. (SMTC) climbed 7 percent to $29.21. The semiconductor maker forecast second-quarter earnings excluding some items of at least 47 cents a share, beating the average analyst estimate of 46 cents in a Bloomberg survey.

Sigma Designs Inc. (SIGM) lost 9.6 percent to $9.95. The semiconductor manufacturer reported first-quarter earnings excluding some items of 7 cents a share, 57 percent below the average analyst estimate.

Tiffany & Co. (TIF) increased 5.8 percent to $74.13. The world’s second-largest luxury jewelry retailer posted first- quarter profit that beat analysts’ estimates and raised its full-year forecast as sales did better in Japan than expected after the earthquake.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net.

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

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