Athenahealth, Coinstar, McDonald’s, Verizon: 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 8:48 a.m. in New York.

Advanced Micro Devices Inc. (AMD) surged 9.4 percent to $7.11. The second-largest maker of processors for personal computers forecast third-quarter sales that exceeded analysts’ estimates, citing orders for new chips. The company also had its stock rating raised by analysts at Wells Fargo & Co. and Canaccord Adams Inc.

Athenahealth Inc. (ATHN) jumped 9.4 percent to $53.13. The provider of Internet-based services for physician practices said it earned 22 cents a share excluding some items in the second quarter, beating the average analyst estimate by 20 percent.

Caterpillar Inc. (CAT) dropped 6.1 percent to $104.85. The world’s largest maker of construction and mining equipment posted second-quarter earnings that missed the average analyst estimate after the Japanese earthquake and tsunami reduced sales and demand slowed in China.

Cepheid Inc. (CPHD) climbed 11 percent to $35. The maker of a rapid test for drug-resistant staph infections increased its earnings-per-share forecast for the fiscal year to as much as 11 cents a share, beating the average estimate of 5 cents a share by analysts.

Coinstar Inc. (CSTR) fell 8.8 percent to $53.50. The operator of the Redbox film-rental kiosks said preliminary second-quarter revenue rose to $434 million to $436 million, falling short of analysts’ projections of $445.6 million. Mitch Lowe resigned as head of the Redbox unit, from which Coinstar gets 85 percent of its sales.

C.R. Bard Inc. (BCR US) fell 8.2 percent to $103.45. The maker of surgical specialty products forecast third-quarter adjusted earnings per share of $1.61 a share at most, less than the average estimate of $1.62 a share by analysts in a Bloomberg survey.

Cymer Inc. (CYMI) dropped 5.8 percent to $43.95. The supplier of lasers used to create semiconductor chips forecast third-quarter revenue of $130 million, less than the average analyst estimate of $156.3 million.

Dover Corp. (DOV) : The maker of chips used in cars and consumer electronics forecast 2011 earnings per share of as much as $4.60 a share, more than the average estimate of $4.52 a share by analysts.

Flextronics International Ltd. (FLEX) : The supplier of cameras and battery chargers for Apple Inc. (AAPL) said first quarter adjusted earnings per share were 21 cents a share, missing the 22 cent average estimate of analysts. The company also said it may buy back up to $200 million of its outstanding shares.

General Electric Co. (GE) increased 1.5 percent to $19.44. The world’s largest maker of power-generation equipment posted an 18 percent jump in second-quarter profit as a rebound at the finance unit blunted slumping prices in the energy business. It said operating earnings per share were 34 cents a share, beating the average estimate by analysts of 33 cents a share.

Hewlett-Packard Co. (HPQ) : The world’s largest maker of personal computers said it will buy back an additional $10 billion of its outstanding shares.

Honeywell International Inc. (HON) : The maker of controls for planes and buildings said second-quarter earnings per share from continuing operations were $1 a share, beating the average analyst estimate of 98 cents, bolstered by demand for coolants at its chemical specialty unit and spare parts in the aerospace division.

Informatica Corp. (INFA) : The corporate-software company reported second-quarter earnings per share of 33 cents excluding some items, beating the average analyst estimate of 31 cents.

McDonald’s Corp. (MCD) rose 2 percent to $88.30. The world’s largest restaurant chain said second-quarter earnings per share were $1.35 a share, beating the average analyst estimate of $1.28, as more consumers dined out and the McCafe line of beverages boosted sales.

Microsoft Corp. (MSFT) : The world’s biggest software maker reported fourth-quarter profit and sales that exceeded analysts’ predictions as it benefited from robust demand from corporations and a lower-than-expected tax rate.

News Corp. (NWSA) fell 1.9 percent to $16.16. U.K. Prime Minister David Cameron said Deputy Operating Officer James Murdoch still has questions to answer to parliament over the hacking of phones by reporters at the News of the World. The company has “got some big issues to deal with,” he said in an interview with BBC television.

Ruby Tuesday Inc. (RT) dropped 11 percent to $9.94. The casual-dining chain forecast first quarter earnings of 6 cents a share at the most, less than the average analyst estimate of 20 cents. It was cut to underperform at

Schlumberger Ltd. (SLB) increased 3 percent to $93.65. The world’s largest oilfield-services provider said second- quarter net income rose 64 percent as increasing crude prices drove more U.S. onshore drilling. Operating earnings were 87 cents a share, beating the average analyst estimate of 85 cents‘.

Skyworks Solutions Inc. (SWKS) : The wireless semiconductor company forecast fourth-quarter revenue to be $400 million beating the average analyst estimate of $371.3 million.

Verizon Communications Inc. (VZ) : The largest U.S. wireless provider reported second-quarter earnings 57 cents a share, excluding some items, beating the average analyst estimate of 55 cents a share.

To contact the reporter on this story: Victoria Taylor in New York at vtaylor6@bloomberg.net

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.