1-800-Flowers, Casual Male, GameStop, LSI, SWS Group: 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 Inc. (FLWS US) sank 17 percent, the most since March 2009, to $2. The seller of flowers and gifts on the Internet and by telephone posted fiscal fourth-quarter revenue of $165.4 million, trailing the average analyst estimate of $175 million in a Bloomberg survey.
Aircastle Ltd. (AYR US) fell 8.1 percent, the most since June 4, to $8.34. The commercial-aircraft leaser said Fortress Investment Group LLC, its largest shareholder, plans to sell 3.9 million shares, cutting the stake to 29 percent.
Brocade Communications Systems Inc. (BRCD US) fell 7.6 percent to $4.75, the lowest price since April 2009. The biggest maker of switches for data-storage networks reported third- quarter sales that trailed the average analyst estimate in a Bloomberg survey and forecast fourth-quarter sales and profit that also fell short of predictions.
Casual Male Retail Group Inc. (CMRG US) advanced 16 percent, the most since Jan. 8, to $3.12. The retailer of men’s big and tall apparel, raised its forecast for the current fiscal year to a range of 29 to 32 cents a share, compared with the average analyst estimate of 29 cents according to Bloomberg data.
Dollar Tree Inc. (DLTR US) rose 4.9 percent, the most since March 22, to $43.86. The operator of stores that sell items for $1 or less reported second-quarter profit excluding some items of 61 cents a share, 12 percent higher than the average of 20 analyst estimates in a Bloomberg survey, and increased its forecast for full-year adjusted earnings.
GameStop Corp. (GME US) had the second-biggest decline in the Standard & Poor’s 500 Index, sliding 8.2 percent to $19.06. The entertainment software retailer reported second-quarter sales and profit that fell short of the average analyst estimates in a Bloomberg survey and made a third-quarter profit forecast that also fell short.
LSI Industries Inc. (LYTS US) rallied 8.1 percent, the most since Feb. 11, to $5.21. The lighting fixtures maker posted fiscal fourth-quarter profit of 4 cents a share excluding some items, beating New York-based Sidoti & Co. LLC analyst Glenn Wortman’s estimate of 1 cent.
McAfee Inc. (MFE US) surged 57 percent to $47.01 for the biggest rally in the S&P 500. The second-largest maker of security software agreed to be acquired by Intel Corp. (INTC US) for $48 a share in cash. Intel, the world’s largest computer chipmaker, fell 3.5 percent to $18.90 for the biggest retreat in the Dow Jones Industrial Average.
Symantec Corp. (SYMC US), McAfee’s bigger rival, gained 6.2 percent to $13.37.
NetEase.com Inc. (NTES US) rose 12 percent, the most since November 2008, to $40.94. China’s third-biggest online games provider reported second-quarter sales of $198.6 million, beating the average analyst estimate of $183.8 million.
NewAlliance Bancshares Inc. (NAL US) climbed 13 percent, the most since September 2008, to $12.78. The Connecticut lender agreed to be bought by First Niagara Financial Group Inc. (FNFG US) for about $1.5 billion in cash and stock. First Niagara slid 5.8 percent to $12.04.
Open Text Corp. (OTEX US) gained 16 percent to $43.10, the most intraday since November 2008. Canada’s largest software company posted fourth-quarter profit excluding some items of 95 cents a share, beating the average analyst estimate by 11 percent, according to Bloomberg data.
PetSmart Inc. (PETM US) rose 8.9 percent, the most since November 2008, to $32.82. The pet-store chain reported second- quarter adjusted earnings of 41 cents a share. The average estimate of analysts surveyed by Bloomberg was for a profit of 36 cents a share.
SanDisk Corp. (SNDK US) fell 6.6 percent, the most since June 29, to $41.90. The biggest maker of flash-memory cards said it plans to commence an underwritten public offering of $1 billion principal amount of convertible senior notes due in 2017.
School Specialty Inc. (SCHS US) had the second-biggest decline in the Russell 2000 Index, sinking 16 percent to $14.63. The provider of classroom furniture and art supplies posted first-quarter earnings excluding some items of 70 cents a share, trailing the average analyst estimate by 40 percent.
Sears Holdings Corp. (SHLD US) declined 9.2 percent to $61.03, the biggest drop in the S&P 500. The largest U.S. department-store chain said its second-quarter revenue fell to $10.5 billion, trailing the $10.6 billion average of estimates compiled by Bloomberg.
StemCells Inc. (STEM US) rallied 4.7 percent to 91 cents for the biggest gain since July 8. The developer of stem cell- based therapies said preclinical data showed stem cells restored lost motor function in mice with chronic spinal cord injury and it plans to start clinical trials next year.
SWS Group Inc. (SWS US) fell 15 percent, the most since January 2009, to $6.80. The Dallas-based financial-services firm’s chief executive officer, Donald Hultgren, resigned “to pursue other interests,” according to the company’s chairman, Don Buchholz.