Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

FedEx, Golar, Lululemon, Qualcomm Inc.: U.S. Equity Preview

Don't Miss Out —
Follow us on:

March 17 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 8:10 a.m. in New York.

Amgen Inc. (AMGN US) rose 2.1 percent to $53.80. The agency that administers Medicare, the U.S. health insurance program, declined to propose a coverage decision for when the government should pay for anemia drugs from companies such as Amgen. “This would appear to be good for Amgen, since it effectively endorses the current status quo,” said Mark Schoenebaum, an ISI Group analyst.

FedEx Corp. (FDX US) gained 4.3 percent to $88.99. The second-largest U.S. package-shipping company forecast fourth-quarter earnings of as much as $1.83 a share, beating the average analyst estimate of $1.66, Bloomberg data show.

Golar LNG Ltd. (GLNG US) rose 4.5 percent to $22.83. Billionaire John Fredriksen’s liquid natural gas shippers Golar LNG Ltd. and Golar LNG Energy Ltd. (GOLE NO) have surged in Oslo on expectations that Japan’s demand for the fuel will advance after an earthquake closed nuclear plants.

Guess? Inc. (GES US): The apparel retailer forecast first-quarter earnings to be no more than 44 cents a share, below the 62-cent average estimate of analysts surveyed by Bloomberg.

Harris Corp. (HRS US): The provider of information technology services to the government forecast adjusted earnings in 2011 to be between $4.80 and $4.90 a share, compared with the average analyst estimate of $4.89.

Lululemon Athletica Inc. (LULU US): The yoga-wear retailer reported fourth-quarter earnings of 64 cents a share, excluding some items, beating the average analyst estimate by 12 percent, Bloomberg data show.

Natural Resource Partners LP (NRP US) fell 5.8 percent to $35.30. The owner and manager of coal properties announced a secondary offering of 6 million units.

Qualcomm Inc. (QCOM US) added 2.6 percent to $51.80. The world’s largest producer of mobile-phone chips said it expects last week’s Japanese earthquake and tsunami to have a limited effect on its supplies. Investors should buy shares of the San Diego-based company on weakness, JPMorgan Chase & Co. said in a note.

Sanmina-SCI Corp. (SANM US) dropped 17 percent to $11.12. The contract electronics manufacturer said President and Chief Financial Officer Hari Pillai is resigning and that profit excluding some items this quarter may be as low as 28 cents a share, compared with the average analyst estimate of 41 cents.

To contact the reporter on this story: Jennifer Johnson in New York at jjohnson156@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.