Domino’s, Goldman Sachs, Las Vegas Sands: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 8:15 a.m. in New York.
Domino’s Pizza Inc. (DPZ US) declined 2.1 percent to $16.60. The pizza-delivery chain reported earnings of 40 cents a share on an adjusted basis, in line with the average analyst estimate, Bloomberg data show.
Fifth Third Bancorp (FITB US) dropped 2.9 percent to $14.18. Ohio’s largest lender said it received a subpoena from the Securities and Exchange Commission requesting information regarding accounting on certain commercial loans.
Ford Motor Co. (F US) gained 0.7 percent to $15.16. The U.S. automaker is using its “global scale” to limit carmaking costs and is focusing on production flexibility to match demand changes in Europe or consumers’ response to rising oil prices, Chief Executive Officer Alan Mulally said today in an interview on Bloomberg Television’s “Inside Track.”
Goldman Sachs Group Inc. (GS US): The fifth-biggest U.S. bank by assets estimated that its “reasonably possible” losses from legal cases against the firm may amount to as much as $3.4 billion, according to the firm’s annual 10-K filing with the Securities and Exchange Commission.
Juniper Networks Inc. (JNPR US): The supplier of security systems and routing equipment to Internet service providers plans to issue $1 billion of debt in a debut offering, according to a person familiar with the deal.
Las Vegas Sands Corp. (LVS US) fell 3.8 percent to $44.89. The casino company said it received received a subpoena from the Securities and Exchange Commission requesting that the company produce documents relating to its compliance with the Foreign Corrupt Practices Act. The information was disclosed in a regulatory filing.
Lorillard Inc. (LO US) gained 4.5 percent to $80.20. Menthol cigarettes haven’t been proven to put smokers more at risk for tobacco-related diseases than unflavored cigarettes, according to preliminary findings from a U.S. advisory panel. Lorillard’s Newport is the top-selling menthol brand with $5 billion a year in revenue, followed by Marlboro Menthol from Altria Group Inc. (MO US) and Reynolds American Inc.’s (RAI US) Camel Menthol, Kool and Salem, according to data compiled by Bloomberg.
Pfizer Inc. (PFE US): The New York-based pharmaceutical company signed a cooperation accord in the field of cancer- target discovery with Philogen SpA, the Italy-based biotechnology company said.
Sonus Networks Inc. (SONS US) soared 28 percent to $3.88. The maker of voice infrastructure products forecast full-year revenue of $265 million at least, topping the average analyst estimate of $251 million in a Bloomberg survey.
Sotheby’s (BID US): The auction house declined even after it posted fourth-quarter earnings and revenue that exceeded the average analyst estimate, according to Bloomberg data.
Verisk Analytics Inc. (VRSK US): The supplier of actuarial data to insurers and mortgage lenders reported a fourth-quarter profit that exceeded most analysts’ estimates as revenue climbed.
Vivus Inc. (VVUS US): The drugmaker had a fourth-quarter per-share loss excluding some items that was greater than analysts projected, Bloomberg data show.
Warnaco Group Inc. (WRC US) declined 2.9 percent to $57. The owner of swimsuit maker Speedo forecast 2011 earnings would be no more than $4.05 and as low as $3.85. That fell short of the average analyst estimate for $4.10 a share. Revenue estimates also missed projections.
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