AOL, Ethan Allen, Ferro, Lexmark, PPL, Tyco, Tellabs: 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.
1-800-Flowers.com (FLWS US) slipped 5.6 percent to $3.02, the lowest in two weeks. The seller of flowers and gifts on the Internet and by telephone posted a wider-than-estimated quarterly loss, according to a survey of analysts by Bloomberg.
Amag Pharmaceuticals Inc. (AMAG US) fell 8.2 percent to $33.77, the lowest price since March 20. The maker of Feraheme, an iron product used by anemic kidney-disease patients, reported a net loss of $1.15 a share in the first quarter, 36 percent wider than the average analyst estimate.
Amkor Technology Inc. (AMKR US) declined 4.4 percent, the biggest loss since Feb. 11, to $7.89. The provider of packaging and tests for semiconductors posted first-quarter profit excluding some items of 18 cents a share, trailing the average analyst estimate by 11 percent.
AOL Inc. (AOL US) fell 14 percent, the biggest slide since November, to $23.96. The Internet advertising company spun off from Time Warner Inc. said first-quarter profit fell to 32 cents a share, from 78 cents a year earlier, on declining advertising sales. The company agreed to sell ICQ, an instant-messaging service in Russia, Germany, Czech Republic and Israel, to Digital Sky Technologies Ltd. for $187.5 million.
BioCryst Pharmaceuticals Inc. (BCRX US) rose 14 percent to $7.99, the third-biggest gain in the Russell 2000 Index. The biopharmaceutical company posted a narrower quarterly loss than analysts had estimated and reported positive results from part of a study on a treatment for gout.
Brocade Communications Systems Inc. (BRCD US) rose 4 percent, the most since Feb. 25, to $6.54. The maker of switches for data-storage networks was raised to “outperform” from “sector perform” at RBC Capital by equity analyst Mark Sue. The price estimate is $9.00.
Buffalo Wild Wings Inc. (BWLD US) plunged 17 percent, the biggest slump since October 2007, to $42.30. The restaurant chain that features Buffalo-style chicken wings reported first- quarter revenue that missed analysts’ estimates and said sales at stores open at least one year slipped this month.
Conexant Systems Inc. (CNXT US) fell 22 percent, the most since March 2009, to $3.16. The maker of chips for smart phones forecast profit excluding some items of 6 cents a share at most in the third quarter. That trailed the 9-cent average estimate from analysts in a Bloomberg survey.
Dow Chemical Co. (DOW US) rose 5.9 percent to $31.83, the highest since September 2008. The largest U.S. chemical maker reported first-quarter profit that topped the average analyst estimate in a Bloomberg survey as sales rose 48 percent from a year earlier. Chief Executive Officer Andrew Liveris also said today that the company may be able to sell its plastics unit for a higher price than it expected.
Ethan Allen Interiors Inc. (ETH US) declined 9.4 percent, the most since October, to $21.50. The home-furnishings retailer posted a third-quarter loss of 2 cents a share, missing the break-even estimate of analysts surveyed by Bloomberg.
Euronet Worldwide Inc. (EEFT US) declined 13 percent, the biggest drop since February 2008, to $16.50. The money-transfer business was downgraded to “hold” from “buy” at Duncan Williams Inc.
E.W. Scripps Co. (SSP US) advanced 8.9 percent to $11.43, the highest price since January 2007. The publisher of the Memphis Commercial Appeal was raised to “overweight” from “neutral” by JPMorgan Chase & Co.
Ferro Corp. (FOE US) gained 13 percent to $11.45, the highest since November 2008. The maker of porcelain enamel for cookware and appliances said sales will be at least $1.85 billion, beating the average analyst estimate of $1.80 billion in a Bloomberg survey.
Invesco Ltd. (IVZ US) climbed 4.3 percent, the biggest gain since January, to $21.61. The manager of the Aim and PowerShares funds projected higher earnings from its acquisition of Morgan Stanley’s investment unit and posted first-quarter profit that more than tripled as rebounding markets boosted client assets and the fees for overseeing them. Earnings were 27 cents a share excluding some items, beating the 26-cent average analyst estimate.
JetBlue Airways Corp. (JBLU US) dropped 12 percent, the largest fall since June 3, to $5.77. The seventh-biggest domestic airline reported a first-quarter loss of 1 cent a share as jet-fuel prices rose. It had revenue of $870 million, compared with the $882.9 million average estimate by analysts surveyed by Bloomberg.
Manitowoc Co. Inc. (MTW US) fell 9.7 percent, the biggest loss since October, to $13.66. The world’s largest manufacturer of overhead cranes reported a first-quarter loss excluding some items of 8 cents a share. Analysts on average estimated a 1-cent loss, according to Bloomberg data. The company also forecast first-half crane revenue will be lower than a year earlier.
Masco Corp. (MAS US) advanced 5.3 percent, the largest gain in nearly three months, to $16.45. The insulation installer was raised to “strong buy” from “outperform” at Raymond James Financial Inc.
Owens Corning Inc. (OC US) rose 11 percent to $33.21, the highest price since July 2007. The U.S. maker of insulation reported first-quarter earnings of 42 cents a share excluding some items, topping the 13-cent average analyst estimate compiled by Bloomberg. The company also boosted its forecast for annual earnings to $2 a share, compared with the average estimate of $1.49 a share.
PPL Corp. (PPL US) had the second-biggest decline in the S&P 500, sliding 7.7 percent to $25.60. The owner of Pennsylvania’s second-biggest utility is close to buying a unit of E.ON AG for $7 billion, CNBC’s David Faber reported.
Robert Half International Inc. (RHI US) dropped 10 percent to $28.20, the most in the S&P 500 Index. The supplier of temporary workers posted a first-quarter profit excluding some items of 5 cents a share, missing the average analyst estimate of 6 cents.
RTI Biologics Inc. (RTIX US) dropped 10 percent, the biggest decline since June, to $3.61. The specialist in tissue implants was cut to “market perform” from “outperform” at Raymond James Financial Inc. The company also reported it broke even in the first quarter, missing the average analyst estimate in a Bloomberg survey.
Sturm, Ruger & Co. (RGR US) gained 13 percent to $17.55, the highest price since October 2007. The firearms maker reported first-quarter profit of 43 cents a share, topping the 22-cent average analyst estimate compiled by Bloomberg.
Super Micro Computer Inc. (SMCI US) slumped 16 percent, the biggest drop since November 2008, to $15.11. The company forecast fourth-quarter profit that trailed the average analyst estimate compiled by Bloomberg.
Tellabs Inc. (TLAB US) rallied 3.7 percent to $8.95, the highest price since October 2007. The supplier of network technology had its share rating raised at JPMorgan Chase & Co. and Jefferies Group Inc. after its second-quarter sales forecast yesterday exceeded analyst projections.
Tyco Electronics Ltd. (TEL US) jumped 5.3 percent to $30.76, the highest since September 2008. The world’s biggest maker of electronic connectors posted second-quarter profit and a full-year earnings forecast that topped analysts’ estimates.
US Airways Group Inc. (LCC US) gained 16 percent, the biggest increase since September, to $7.32. The airline company was raised to “buy” from “hold” at Jesup & Lamont Inc.
To contact the reporter on this story: Whitney Kisling in New York at email@example.com.