Dollar Financial, Krispy Kreme, Micros: U.S. Equity Movers
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.
Aruba Networks Inc. (ARUN) climbed 20 percent to $20.55 for the second-biggest gain in the Russell 2000 Index. The builder of wireless networks was raised to “market perform” from “underperform” at Bank of Montreal, which cited valuation and the potential for revenue growth.
Clearwire Corp. (CLWR) declined 9.7 percent, the most since Aug. 8, to $2.70. The provider of fourth-generation wireless service for Sprint Nextel Corp. has discussed restructuring options with Blackstone Group LP, two people familiar with the situation said.
Dollar Financial Corp. (DLLR) advanced 14 percent, the most since August 2010, to $21.71. The check-cashing chain reported fourth-quarter profit excluding some items of 46 cents a share, beating the average analyst estimate by 13 percent, Bloomberg data show.
Krispy Kreme Doughnuts Inc. (KKD) climbed 9.3 percent, the most since June 14, to $8.57. The doughnut chain reported second-quarter sales that beat analysts’ estimates.
Magma Design Automation Inc. (LAVA) tumbled 16 percent, the most since March 2009, to $4.40. The maker of software for the semiconductor industry forecast second-quarter sales of $38 million at most, trailing the average analyst estimate of $38.2 million in a Bloomberg survey.
Micros Systems Inc. (MCRS) rose 12 percent, the most since May 2009, to $45.95. The maker of computer systems for hotels and restaurants reported fourth-quarter earnings that topped analysts’ estimates. Janney Montgomery Scott LLC boosted the stock to “buy” from “neutral.”
OmniVision Technologies Inc. (OVTI) plunged 30 percent, the most since June 2004, to $17.27. The maker of image sensors for camera phones forecast second-quarter earnings excluding some items of no more than 64 cents a share. On average, the analysts surveyed by Bloomberg estimated earnings of 79 cents a share.
Pandora Media Inc. (P US) rallied 7.5 percent, the most since June 20, to $13.41. The online music company that went public in June reported second-quarter sales and profit that beat analysts’ estimates.
Sino-Forest Corp. (TRE) plunged 72 percent, the most since at least 1996, to $1.38. Canada’s main securities regulator said the forestry company may have misrepresented revenue and exaggerated timber holdings.
Star Scientific Inc. (CIGX) tumbled 40 percent, the most since June 2009, to $1.81. The maker of smokeless tobacco products lost a bid for a new trial in its patent-infringement case against Reynolds American Inc.
Tiffany & Co. (TIF) rose the most in the S&P 500, climbing 9.4 percent to $69.01. The world’s second-largest luxury jewelry retailer posted second-quarter profit that beat analysts’ estimates and raised its full-year earnings forecast, driven by sales in the Asia-Pacific region.
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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