Carlisle, Hologic, Office Depot: U.S. Equity Movers
(Corrects description of Plantronics in story published July 27.)
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.
Gold producers declined after a rally in global equities eroded demand for the precious metal. Newmont Mining Corp. (NEM US), the largest U.S. gold producer, fell 4 percent to $55.78. Goldcorp Inc. (GG US) dropped 3.7 percent to $38.82.
Carlisle Cos. (CSL US) fell 13 percent to $34.12 for the biggest drop in the Russell 1000 Index. The maker of construction materials, tires and trailers reported second- quarter results that fell short of expectations because of higher costs for raw materials and weak selling prices, Ajay Kejriwal, an analyst at FBR Capital Markets, said in a report.
DuPont Co. (DD US) rallied 3.6 percent to $40.38 for the biggest advance in the Dow Jones Industrial Average. The third- biggest U.S. chemical maker posted second-quarter profit that beat analysts’ estimates and raised its full-year earnings forecast.
Energizer Holdings Inc. (ENR US) rose 9.9 percent, the most since January 2009, to $60.72. The maker of batteries and Schick razors reported third-quarter profit excluding some items of $1.35 a share, 41 percent higher than the average of 11 analyst estimates in a Bloomberg survey.
Ferro Corp. (FOE US) gained 12 percent to $10.23, the highest price since May 18. The maker of porcelain enamel for cookware and appliances raised its sales forecast for the fiscal year and posted second-quarter earnings per share that beat analysts’ estimates.
Hologic Inc. (HOLX US) rose 8.8 percent, the most since March 11, to $15.04. The maker of mammography equipment said its Selenia Dimensions 3-D system, not yet available in the U.S., is scheduled to be reviewed by a U.S. Food and Drug Administration panel on Sept. 24.
Jacobs Engineering Group Inc. (JEC US) slipped 7.2 percent to $37.09, the biggest decline since June 4. The second-largest publicly traded U.S. engineering company reported backlog of $13.5 billion in the fiscal third quarter. That’s down $1.2 billion from the previous three months, implying light bookings and raising concern about the pace of recovery in the company’s end markets, JPMorgan Chase & Co. said.
Level 3 Communications Inc. (LVLT US) declined 8.3 percent to $1.10, the biggest drop since July 1. The network operator reported a wider loss in the second quarter as sales decreased.
Lexmark International Inc. (LXK US) rose the most in the Standard & Poor’s 500 Index, advancing 8.5 percent to $37.76. The maker of laser and inkjet printers posted second-quarter revenue and profit that topped analysts’ estimates on improving equipment and services sales.
Masco Corp. (MAS US) fell 12 percent, the most since April 27, to $10.53. The insulation installer reported second-quarter revenue of $2.05 billion, missing the average analyst estimate of $2.12 billion in a Bloomberg survey.
Nasdaq OMX Group Inc. (NDAQ US) increased 2.6 percent to $19.49, the highest price since June 16. The owner of the second-largest U.S. stock exchange reported second-quarter profit that beat analyst estimates as trading revenue rose.
Office Depot Inc. (ODP US) fell 7 percent, the most since June 29, to $4.40. The second-largest U.S. office-supply chain said third-quarter operating profit will be little changed and sales in two of its three units won’t see growth.
Plantronics Inc. (PLT US) dropped the most since December 2008, falling 9.4 percent to $30.21. The maker of telephone headsets forecast revenue of $163 million at most in the fiscal second quarter, trailing the average analyst estimate of $167.7 million.
PrivateBancorp Inc. (PVTB US) gained 14 percent, the most since Jan. 25, to $12.09. The Illinois-based bank posted a loss excluding some items of 1 cent a share in the second quarter, narrower than the 22-cent average analyst estimate in a Bloomberg survey.
Range Resources Corp. (RRC US) fell 7 percent, the most since May 2009, to $37.24. The natural-gas exploration and production company reported second-quarter profit excluding some items of 9 cents a share, missing the average analyst estimate by 1 cent.
Sanmina-SCI Corp. (SANM US) slumped 17 percent, the most since June 2009, to $13.18. The maker of computers and phones reported third-quarter profit excluding some items of 32 cents a share, missing the average analyst estimate by 5 percent.
Tellabs Inc. (TLAB US) fell 5.9 percent, the most since June 8, to $7.33. Chief Executive Officer Rob Pullen said on a conference call that AT&T is testing another supplier of telecommunications equipment for its high-speed network. That’s weighing on the stock, said Lawrence Harris, an analyst at CL King & Associates in New York.
Thermo Fisher Scientific Inc. (TMO US) fell 9.5 percent, the most since February 2005, to $46.17. The world’s largest maker of laboratory instruments forecast full-year revenue of $10.75 billion at most, trailing the average analyst estimate of $10.78 billion.
Unisys Corp. (UIS US) advanced 12 percent, the most since Oct. 28, to $26.86. The Pennsylvania producer of mainframes and computer services reported second-quarter profit and sales that topped analysts’ estimates.
U.S. Steel Corp. (X US) fell 6.4 percent, the most since June 4, to $45.76. The country’s largest producer of the metal posted an unexpected second-quarter loss after revaluing a $1.4 billion loan made to a European unit.
AK Steel Holding Corp. (AKS US) declined 4.7 percent to $14.49.
Volterra Semiconductor Corp. (VLTR US) tumbled 13 percent, the most since Oct. 20, to $24.01. The maker of power-regulating chips reported second-quarter profit that topped the average analyst estimate by 7.8 percent, the smallest beat in three quarters, according to Bloomberg data.
Zoran Corp. (ZRAN US) declined 8 percent, the most since April 27, to $8.99. The maker of software and chips for digital audio and video products was cut to “hold” from “buy” at Needham & Co. Inc.
To contact the reporter on this story: Elizabeth Stanton in New York at firstname.lastname@example.org