Abercrombie, Capella Education, EBay, QEP: U.S. Equity Movers
Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parenthesis and prices are as of 4 p.m. in New York.
Aaron’s Inc. (AAN US) climbed 7.5 percent, the most since April 28, to $19.03. The furniture manufacturer and retailer reported third-quarter profit excluding some items of 33 cents a share, beating the average analyst estimate by 6.5 percent, according to Bloomberg data.
Abercrombie & Fitch Co. (ANF US) rose for a third day, gaining 4.8 percent to $44.84. The teen clothing retailer is posting “positive” same store sales for October, according to a research note by Janney Montgomery Scott LLC equity analyst Adrienne Tennant, who gives the company a “buy” rating.
Arbitron Inc. (ARB US) fell 12 percent, the most since November 2008, to $27.11. The provider of audience ratings for U.S. radio stations forecast 2010 earnings excluding some items of $1.65 a share at most, missing the average analyst estimate of $1.69 in a Bloomberg survey.
Ariad Pharmaceuticals Inc. (ARIA US) slid 9.5 percent, the most since June 29, to $3.71. The drugmaker said it’s offering 16 million shares to raise money for the development of oral ponatinib.
Capella Education Co. (CPLA US) had its biggest decline since its initial public offering in November 2006, tumbling 19 percent to $54.80. The Minneapolis-based provider of more than 1,000 online college courses forecast slower enrollment after reporting a third-quarter profit increase of 38 percent.
Coach Inc. (COH US) jumped the most in the Standard & Poor’s 500 Index, climbing 12 percent to $49.78. The largest U.S. maker of luxury leather handbags reported a first-quarter profit of 63 cents a share, exceeding the 55-cent average of estimates compiled by Bloomberg.
Cummins Inc. (CMI US) slipped 5.8 percent, the most since June 29, to $89. The maker of diesel truck engines and generators posted third-quarter sales of $3.40 billion, trailing the average analyst estimate by 4.7 percent, according to Bloomberg data.
EBay Inc. (EBAY US) gained 2.9 percent to $28.75, the highest price since June 2008. The owner of PayPal Inc., an online-payments processor, introduced a mobile version of its checkout software today as it tries to capitalize on surging smartphone use.
Entegris Inc. (ENTG US) climbed 18 percent, the most since April 14, to $6.06. The maker of packaging equipment to transport semiconductors said it expects to earn at least 17 cents a share in the fourth quarter. That topped the 16-cent average estimate from analysts in a Bloomberg survey.
Kimberly-Clark Corp. (KMB US) fell 5.8 percent, the most since December 2008, to $62.61. The maker of Huggies diapers and Kleenex tissues posted a 19 percent drop in third-quarter profit on higher costs for materials. Adjusted earnings were $1.14 a share, missing the average estimate of $1.28 a share of analysts surveyed by Bloomberg.
Lexmark International Inc. (LXK US) declined 21 percent to $37.71 for the biggest loss in the S&P 500. The maker of laser and inkjet printers said third-quarter adjusted earnings were $1.09 a share, exceeding the 98-cent average of analysts’ estimates compiled by Bloomberg.
Mips Technologies Inc. (MIPS US) jumped 33 percent to $14.12, the highest intraday price since August 2001. The computer-chip designer posted first-quarter earnings excluding some items of 17 cents a share, beating the average analyst estimate by 63 percent, according to Bloomberg data.
National Oilwell Varco Inc. (NOV US) advanced 8.5 percent to $52.03, the highest price since September 2008. The largest U.S. maker of oilfield equipment reported third-quarter earnings excluding some items of 97 cents a share, beating the average analyst estimate by 7.5 percent, Bloomberg data showed.
Northern Trust Corp. (NTRS US) rose 5.3 percent, the most since July 7, to $50.57. The U.K.’s Daily Mail reported HSBC Holdings Plc is considering a $65-a-share bid for the U.S. custody bank. The Mail didn’t say where it got the information.
Owens-Illinois Inc. (OI US) dropped 5.8 percent to $27.90, the biggest decline since Sept. 21. The world’s largest producer of glass containers said it was surprised to learn of Venezuelan President Hugo Chavez’s decision to order a government takeover of the company’s Venezuelan unit.
QEP Resources Inc. (QEP US) gained 3 percent to $32.39, the highest price since Aug. 10. The energy company picked to replace Questar Corp. in the Standard & Poor’s 500 Index was raised to “buy” from “neutral” at Madison Williams & Co. by equity analyst Andrew Coleman. The 12-month price estimate is $39.
Regions Financial Corp. (RF US) declined 7.8 percent, the most since July 2009, to $6.48. The Alabama bank posted a bigger third-quarter loss than some analysts expected tied to distressed real estate.
Rent-A-Center Inc. (RCII US) advanced 10 percent, the most since Feb. 2, to $25.68. The biggest U.S. rent-to-own retailer of consumer electronics and appliances reported third-quarter earnings excluding some items of 62 cents a share, beating the average analyst estimate by 11 percent.
Royal Caribbean Cruises Ltd. (RCL US) had the biggest advance in the Russell 1000 Index, rallying 14 percent to $40.23. The world’s second-largest cruise operator raised its 2010 profit forecast and predicted record earnings next year, helped by cost controls, new ships and strengthening ticket prices.
Bigger rival Carnival Corp. (CCL US) advanced 6.4 percent to $43.08.
Stratasys Inc. (SSYS US) surged 18 percent to $33.46, the highest price since it went public in October 1994. The company, which makes software used by the automotive industry to design prototypes, said that, excluding some items, it earned 16 cents a share in the third quarter. That beat the average analyst estimate by 30 percent.
SuperGen Inc. (SUPG US) surged 21 percent, the most since June 25, to $2.82. The drugmaker increased its profit forecast for 2010, citing a surge in royalties from Dacogen sales.
Tellabs Inc. (TLAB US) fell 13 percent to $7 for the second-biggest retreat in the S&P 500. The maker of telecommunications equipment forecast fourth-quarter sales of $430 million at most, missing analysts’ projection of $441.4 million.
Unisys Corp. (UIS US) plunged 22 percent, the most since April 2009, to $24.26. The Pennsylvania producer of mainframes and computer services reported third-quarter profit and sales that missed analysts’ estimates.
U.S. Steel Corp. (X US) slid 3.4 percent to $40.85, the lowest price since July 7. The country’s largest producer of steel by volume posted an adjusted loss of $1.21 a share. Analysts surveyed by Bloomberg projected a profit of 23 cents a share on average.
AK Steel Holding Corp. (AKS US), the third-largest U.S. steelmaker, which reported a bigger loss than analysts expected, dropped 4 percent to $12.84.
Zoran Corp. (ZRAN US) plunged 18 percent, the most since July 2006, to $6.18. The maker of software and chips for digital audio and video products said that, excluding some items, it will have a loss of at least 39 cents a share in the fourth quarter. That’s wider than the 6-cent loss estimates by analysts in a Bloomberg survey.
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