Amazon.com, CB Richard, Mercury, ShoreTel: 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.
Amazon.com Inc. (AMZN) climbed 7.9 percent to $196.63, the highest price since it went public in 1997. The world’s largest online retailer reported first-quarter sales that topped predictions. Deutsche Bank AG increased its share-price estimate to $215 from $192, saying profit growth will resume in the fourth quarter.
Broadcom Corp. (BRCM) declined 12 percent to $35.45, the biggest drop in the Standard & Poor’s 500 Index. The maker of semiconductors for wireless headsets and television set-top boxes forecast second-quarter revenue that missed analysts’ estimates as customers such as Nokia Oyj and Samsung Electronics Co. struggle to boost sales.
CB Richard Ellis Group Inc. (CBG) fell 6.3 percent, the most since June 4, to $26.75. The commercial real estate broker reported first-quarter revenue of $1.19 billion, missing the average analyst estimate by 7 percent, Bloomberg data show.
DeVry Inc. (DV) gained 7.2 percent to $53.70, the second-biggest gain in the S&P 500. The for-profit education company reported third-quarter earnings excluding some items of $1.32 a share, beating the average analyst estimate of $1.23, Bloomberg data show.
General Electric Co. (GE) added 2.7 percent to $20.65 for the biggest gain in the Dow Jones Industrial Average. The world’s largest maker of jet engines, turbines for power plants, medical imaging and locomotives expects to “continue to grow the dividend,” Chief Financial Officer Keith Sherin said at the company’s annual meeting in Utah.
JDA Software Group Inc. (JDAS) surged 13 percent to $33.22, the highest price since April 2002. The maker of software used to track goods sent to retailers’ shelves reported first-quarter revenue of $163.6 million, beating the average analyst estimate of $157.3 million in a Bloomberg survey.
Lithia Motors Inc. (LAD) rallied 12 percent to $16.86, the highest price since November 2007. The car retailer said profit this year will be at least $1.42 a share, beating the average analyst estimate of $1.25 a share.
Mercury Computer Systems Inc. (MRCY) dropped 10 percent, the most since August 5, to $19.22. The maker of systems to turn digital signals into images forecast fourth-quarter sales of $59 million at most, missing the average analyst estimate of 60.8 million in a Bloomberg survey.
Mips Technologies Inc. (MIPS) slid 24 percent, the most in the Russell 2000 Index, to $8.11. The designer of high- performance processors reported third-quarter sales of $20 million, missing the average analyst estimate by 7.6 percent, according to Bloomberg data.
Moody’s Corp. (MCO) climbed 6.7 percent to $38.33, the highest price since September 2008. The credit-rating company said net income rose 37 percent in the first quarter from a year earlier, raised its forecast for the year and increased its dividend.
National Oilwell Varco Inc. (NOV) fell 4.6 percent to $76.88 for its biggest decline since March 10. The maker of oilfield equipment said it plans to make acquisitions this year.
Parker Hannifin Corp. (PH) slipped 5.1 percent, the most since Jan. 20, to $93.48. The maker of components used in construction equipment and aircraft reported third-quarter operating margins at half its divisions lagged behind Jefferies Group Inc.’s estimates.
Questcor Pharmaceuticals Inc. (QCOR) rallied 9.3 percent to $20.98, the highest price since at least 1988. The developer of a treatment for seizures in infants posted first- quarter earnings excluding some items of 20 cents a share, beating the average analyst estimate by 18 percent, according to Bloomberg data.
ReachLocal Inc. (RLOC) jumped 34 percent to $24.03 for the biggest advance in the Russell 2000 Index. The company that helps businesses buy online advertising formed a global strategic partnership with Google Inc. (GOOG US), the world’s largest Internet-search company.
Regeneron Pharmaceuticals Inc. (REGN) rose 29 percent, the most in the Russell 1000, to $67.05. The Tarrytown, New York-based drugmaker and Sanofi-Aventis (SAN FP) said an experimental drug used in combination with chemotherapy extended the lives of patients with advanced colorectal cancer in a study. Separately, initial results from a clinical trial implied the market for the company’s eye-disease drug may be less at risk of shrinking as a result of cheaper competition, a Cowen & Co. analyst said.
Regis Corp. (RGS) slipped 5.6 percent, the most since Dec. 16, to $16.47. The hair salon operator forecast fourth- quarter operating earnings to be no more than 33 cents a share, missing the 35-cent average estimate by analysts.
Rockwell Automation Inc. (ROK) fell 8.5 percent, the second-most in the S&P 500, to $89.50. The Milwaukee-based maker of factory-automation software reported operating income of about $220 million in the three months through March, trailing the average estimate of $223 million from six analysts in a Bloomberg survey.
Savvis Inc. (SVVS) rallied 9.1 percent to $39.29, the highest price since October 2007. CenturyLink Inc. (CTL) , the Louisiana-based fixed-line phone and Internet company, agreed to buy Savvis for $2.5 billion to add services that let business customers store and access data and applications online.
SFN Group Inc. (SFN) plunged 21 percent, the second- biggest drop in the Russell 2000, to $11.07. The provider of staffing services reported first-quarter sales of $500.4 million, missing the average analyst estimate by 4.2 percent, according to Bloomberg data.
ShoreTel Inc. (SHOR) advanced 17 percent to $10.72, the lowest price since January 2008. The U.S. maker of Internet phone systems for businesses reported third-quarter revenue of $51.6 million, beating the average analyst estimate by 3.6 percent, Bloomberg data show.
Silicon Image Inc. (SIMG) jumped 13 percent, the most since March 2, to $8.51. The designer of chips that transmit television signals projected second-quarter revenue of at least $51 million, beating the average analyst estimate of $50.1 million in a Bloomberg survey.
SuccessFactors Inc. (SFSF) fell 10 percent, the most since May 2009, to $36.24. The maker of software used to manage employee performance said it agreed to buy closely held Plateau Systems Ltd., a provider of Web-based software tools for businesses, for $290 million.
Universal Health Services (UHS US) jumped 11 percent to $54.74, the highest price since at least 1983. The operator of medical facilities boosted its full-year forecast, saying it expects to earn $3.84 a share. Analysts, on average, estimated $3.72 in a Bloomberg survey.
Vitamin Shoppe Inc. (VSI) rallied 11 percent to $40.05, the highest price since its initial public offering in October 2009. The North Bergen, New Jersey-based vitamin retailer reported first-quarter earnings per share of 47 cents excluding some items, beating the average analyst estimate by 17 percent, according to Bloomberg data.
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