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.
Retailers advanced as American Eagle Outfitters Inc. (AEO US) reported fourth-quarter profit from continuing operations of 44 cents, beating the average analyst estimate by 1 cent. The Pittsburgh-based company climbed 5.1 percent to $15.56.
J.C. Penney Co. (JCP US) rallied 4.8 percent to $36.94, the biggest increase in the Standard & Poor’s 500 Index. Macy’s Inc. (M US) rose 3 percent to $24.08.
AeroVironment Inc. (AVAV US) rose 14 percent, the most since Dec. 8, to $32.48. The maker of low-flying drones for U.S. military forces reported fiscal third-quarter profit of 52 cents a share excluding some items, beating the average analyst estimate by 37 percent.
Catalyst Health Solutions Inc. (CHSI US) climbed 19 percent to $52.80, the highest price since its initial public offering in 1999. The provider of pharmacy benefit management services agreed to buy Walgreen Co.’s (WAG US) similar business for $525 million.
Carmike Cinemas Inc. (CKEC US) advanced 15 percent, the most since July 7, to $7.75. The operator of digital and 3D movie theaters said that, excluding some items, it earned 9 cents a share in the fourth quarter. Analysts, on average, estimated a loss of 24 cents, according to a Bloomberg survey.
CB Richard Ellis Group Inc. (CBG US) rose 4.1 percent to $26.58, the highest price since October 2007. KBW Inc. raised 2012 earnings estimates for the commercial real estate broker to $1.35 a share from $1.20 on the acquisition of ING Real Estate Investment Management.
Ceradyne Inc. (CRDN US) jumped 19 percent, the most since April 2003, to $46.04. The maker of ceramic body armor for U.S. soldiers boosted its profit forecast for 2011 to as much as $2.70 a share. Analysts are on average estimating earnings of $1.86 a share, according to a Bloomberg survey.
Cheniere Energy Inc. (LNG US) surged 19 percent, the most since Nov. 19, to $7.42. The decline in shares of the liquefied natural gas producer was “somewhat unfounded,” Citigroup Inc. said in a note. The stock slumped 36 percent yesterday after Centerbridge Partners alleged the company’s Sabine Pass unit recorded “materially false and misleading” earnings last year. Cheniere said the claims were “without merit.”
Children’s Place (PLCE US) rose 10 percent, the most since July 2009, to $48.32. The apparel company reported fourth quarter profit of $1.22 a share excluding some items, beating the average analyst estimate by 21 percent.
Exelon Corp. (EXC US) rose 3.2 percent, the most since July 7, to $43.27. The U.S. operator of nuclear power plants increased output for its 1,120-megawatt LaSalle 2 reactor in Illinois to 60 percent of capacity, according to a report from the U.S. Nuclear Regulatory Commission. The unit operated at 22 percent of capacity yesterday.
Finisar Corp. (FNSR US) tumbled the most ever, falling 39 percent to $24.61. The maker of fiber-optic transmission gear said it won’t earn more than 35 cents a share excluding some items in the fourth quarter, missing the average analyst estimate of 48 cents.
Other makers of networking equipment also slumped. JDS Uniphase Corp. (JDSU US) fell 17 percent to $21.14 for the biggest retreat in the Standard & Poor’s 500 Index. Ciena Corp. (CIEN US) slipped 5.3 percent to $24.33. Infinera Corp. (INFN US) declined 2.4 percent to $8.15. Oclaro Inc. (OCLR US) dropped 19 percent to $13.53. Oplink Communications Inc. (OPLK US) erased 12 percent to $22.52. Altera Corp. (ALTR US) slumped 7.1 percent to $40.20. Fabrinet (FN US) sank 25 percent to $20.49, the biggest drop since its June IPO.
Gentex Corp. (GNTX US) slumped 3 percent to $28.11, the lowest price since Dec. 7. The National Highway Traffic Safety Administration asked Congress to delay the rear-camera mandate ruling until the end of the year, according to Craig Hallum Capital Group LLC. It was previously expected Feb. 28.
Hercules Offshore Inc. (HERO US) advanced 8.5 percent to $5.86 for the biggest gain since Feb. 25. The Houston-based company amended its credit agreement governing its $475 million term loan and $175 million revolving credit facility to permit, among other things, using cash to fund the purchase of assets of Seahawk Drilling Inc.
International Business Machines Corp. (IBM US) rose 2.2 percent to $165.86 for the biggest increase in the Dow Jones Industrial Average. The world’s largest computer-services provider had its share-price estimate raised to $200 from $175 at Deutsche Bank AG. There is “ample flexibility” for IBM to beat its forecast of generating at least $20 a share by 2015 given its revenue growth, productivity gains and share buybacks, analyst Chris Whitmore wrote in a note to clients.
Visteon Corp. (VC US) fell a record 9.2 percent to $66.89. The auto-parts maker forecast sales of $7.50 billion at most this year. That trailed the average estimate of $7.61 billion from two analysts in a Bloomberg survey.