Coca-Cola, CSC, Ingersoll-Rand, Smith Micro: U.S. Equity Movers
Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 10 a.m. in New York.
Atmel Corp. (ATML US) gained 11 percent to $16.30 after jumping to $16.80 earlier, the highest intraday price since February 2001. The maker of chips for household appliances reported fourth-quarter adjusted earnings of 22 cents a share, beating the average analyst estimate of 16 cents, Bloomberg data show.
Andersons Inc. (ANDE US) climbed 9.3 percent to $44.41 and jumped to $46.19 earlier, the highest intraday price since September 2008. The grain marketer reported fourth-quarter revenue of $1.15 billion, beating the average analyst estimate of $1.06 billion.
Buffalo Wild Wings Inc. (BWLD US) gained 8.5 percent to $51.42 after rising 9.4 percent earlier, the most intraday since April 2009. The restaurant chain that features Buffalo-style chicken wings said fourth-quarter earnings were 57 cents a share excluding some items, beating the 53-cent average analyst forecast, according to data compiled by Bloomberg.
Coca-Cola Co. (KO US) rose 2.6 percent to $64.49 and rallied 3 percent earlier, the most intraday in a year. The world’s largest soft-drink maker said fourth-quarter profit more than tripled after a one-time non-cash gain related to the acquisition of its North American bottling operations.
Computer Sciences Corp. (CSC US) slipped the most in the Standard & Poor’s 500 Index, sinking 12 percent to $49.93. The provider of computer services to U.S. government agencies and companies lowering its fiscal 2011 forecasts, citing a slowdown in government contracts.
DSW Inc. (DSW US) climbed 14 percent to $41.43 and advanced 15 percent earlier, the most intraday since April 27. The shoe retailer and its largest shareholder Retail Ventures Inc. (RVI US), said they agreed to combine, with Retail Ventures to become a wholly owned unit of DSW in an exchange of shares at a ratio of 0.435 of a DSW share for each Retail Ventures share. Retail Ventures Inc. gained 11 percent to $17.67.
General Cable Corp. (BGC US) rose 11 percent to $44.62 for the biggest advance in the Russell 1000 Index. The Highland Heights, Kentucky-based cable maker reported fourth-quarter adjusted earnings of 75 cents a share, beating the average analyst estimate by 64 percent.
Ingersoll-Rand Plc (IR US) fell 3.9 percent to $47.10 after sliding as much as 6.6 percent, the most intraday since May 6. The maker of security systems and Trane air conditioners forecast profit from continuing operations of $2.90 to $3.10 a share this year. Analysts, on average, estimated $3.10.
Motricity Inc. (MOTR US) declined 20 percent to $17.64 and slumped 22 percent earlier, the most intraday since it went public in June. The provider of mobile-data services forecast first-quarter sales of $33 million at most, missing the average analyst estimate of $42.2 million in a Bloomberg survey.
Pinnacle Airlines Corp. (PNCL US) slid 7.5 percent to $6.65 and declined 9.6 percent earlier, the most intraday since May 21. The Memphis, Tennessee-based carrier said that, excluding some items, it earned 15 cents a share at most in the fourth quarter. That missed the average analyst estimate of 30 cents in a Bloomberg survey.
Pitney Bowes Inc. (PBI US) rose 2.4 percent to $25.78 and climbed to $25.95 earlier, the highest intraday price since May 3. The maker of postal meters reported fourth-quarter adjusted profit of 66 cents a share. That beat the average analyst estimate of 61 cents in a Bloomberg survey.
Polo Ralph Lauren Corp. (RL US) jumped 7.9 percent to $124.95 for the biggest increase in the S&P 500. The board of the New York-based apparel maker authorized a $250 million stock buyback. The company already has $469 available from a previous program.
Sierra Wireless Inc. (SWIR US) slumped 26 percent to $11.42 after dropping 29 percent earlier, the most intraday since December 2008. The maker of wireless modems for personal computers reported fourth-quarter profit excluding some items of 16 cents a share, trailing the average analyst estimate by 32 percent, according to Bloomberg data.
Smith Micro Software Inc. (SMSI US) fell the most in the Russell 2000 Index, plunging 36 percent to $8.43. The communications-software provider for wireless carriers and phone makers suspended its 2011 sales forecast after orders in the first quarter were lower than the company expected.
Usana Health Sciences Inc. (USNA US) tumbled 13 percent to $34.98 after erasing as much as 18 percent, the most intraday since October 2009. The vitamin maker private projected 2011 earnings of $2.95 a share at most, trailing the average analyst estimate of $3.37 in a Bloomberg survey.
Walt Disney Co. (DIS US) rose the most in the Dow Jones Industrial Average, climbing 4.6 percent to $43.08. The world’s biggest media company said first-quarter profit rose 54 percent, beating estimates, after an increase in attendance at its theme parks and advertising sales growth at the ESPN sports channel.
Web.com Group Inc. (WWWW US) soared 24 percent to $12.27 and rallied to $12.37 earlier, the highest intraday price since May 2006. The company that builds Web sites for small businesses reported fourth-quarter profit excluding some items of 24 cents a share, beating the average analyst estimate by 44 percent, according to Bloomberg data.
Wells Fargo & Co. (WFC US) declined 2.2 percent to $33.36 after losing 2.6 percent earlier, the most intraday since Jan. 7. The biggest U.S. home lender, said Chief Financial Officer Howard I. Atkins is retiring for personal reasons and will be replaced by Chief Administrative Officer Timothy J. Sloan, effective immediately.
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