Carlisle, Southwest Bancorp, W.R. Grace: 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.
3M Co. (MMM) fell 5.4 percent, the most in the Dow Jones Industrial Average, to $89.93. The maker of Post-It Notes projected full-year earnings that trailed analysts’ estimates after lower demand for LCD televisions curbed sales in its display and graphics business, the company’s third-biggest unit.
AK Steel Holding Corp. (AKS) dropped 17 percent, the most since November 2008, to $12.81. The third-largest U.S. steelmaker by sales reported second-quarter profit excluding some items of 32 cents a share, missing the average analyst estimate by 36 percent, Bloomberg data show.
U.S. Steel Corp. (X) fell 8.3 percent, the most since January 2010, to $40.62. The largest U.S. steelmaker by volume posted second-quarter sales that missed the average analyst estimate and said operating profit in the current quarter will be lower.
Baidu Inc. (BIDU) rallied 5 percent to $164.36, the highest price since its initial public offering in 2005. China’s biggest Internet company by market value forecast third-quarter revenue that surpassed analysts’ estimates as customers spend more on search-engine advertising in the world’s second-biggest economy.
Broadcom Corp. (BRCM) gained 9.4 percent, the most since Oct. 27, to $38.20. The supplier of communications chips for Apple Inc.’s mobile devices forecast third-quarter sales that topped analysts’ predictions on booming demand for the iPhone and iPad.
Carlisle Cos. (CSL) declined 9.1 percent, the most since July 2010, to $44.19. The maker of construction materials, tires and trailers reported second-quarter adjusted earnings of 87 cents a share, missing the average analyst estimate of 91 cents.
Cummins Inc. (CMI) rose 3.9 percent to $110.82, the highest price since May 12. The maker of diesel engines predicted 2011 sales of $18 billion, compared with a previous estimate of $17 billion. Analysts projected sales of $17.3 billion.
Domino’s Pizza Inc. (DPZ) rose 4.3 percent to $27.20 the highest price since May 2007. The pizza-delivery chain reported second-quarter profit excluding some items of 40 cents a share, beating the average analyst estimate in a Bloomberg of 36 cents.
Illinois Tool Works Inc. (ITW) slipped 8.2 percent, the most since December 2008, to $52.34. The maker of Hobart food mixers and Duo-Fast nail guns said it expects to earn $1.03 a share at most from continuing operations in the third quarter. Analysts, on average, forecast $1.06, according to a Bloomberg survey.
Lexmark International Inc. (LXK) advanced 18 percent to $33.93 for the biggest increase in the Standard & Poor’s 500 Index. The maker of laser and inkjet printers reported second-quarter earnings that topped analysts’ estimates on demand from corporate customers.
Netflix Inc. (NFLX) lost 5.2 percent, the most since April 26, to $266.91. The mail-order and online film-rental service forecast third-quarter sales and profit that fell short of analysts’ projections as a price increase cuts new-user signups.
OceanFreight Inc. (OCNFD US) soared 79 percent, the most since April 2007, to $16.97. The Athens-based shipping company agreed to be bought by DryShips Inc. (DRYS) for $19.85 a share, comprising $11.25 in cash and 0.52326 per common share of Ocean Rig UDW Inc. DryShips, also based in Athens, lost 1.6 percent to $3.77.
Paccar Inc. (PCAR) fell 11 percent, the most since December 2008, to $45.02. The maker of Kenworth, Peterbilt and DAF trucks reported second-quarter profit of 65 cents a share, trailing the average analyst estimate by 5.7 percent, according to Bloomberg survey.
RadioShack Corp. (RSH) surged 20 percent to $15.69 for the biggest gain in the Russell 1000 Index. The consumer-electronics retailer said it will provide Verizon Wireless products in its stores starting Sept. 15 and it was “comfortable with the range of analysts’ earnings estimates for the remainder of 2011.”
S1 Corp. (SONE US) rallied 30 percent, the most since July 2000, to $9.26. ACI Worldwide Inc. (ACIW) said it offered to buy the provider of Internet-based financial services for $9.50 a share, or $540 million.
Southwest Bancorp Inc. (OKSB) erased 37 percent to $6.44, the worst performance in the Russell 2000 Index. The holding company for Stillwater National Bank & Trust Co. posted a second-quarter loss of 21 cents a share, missing the average analyst estimate which called for a profit of 7 cents a share.
Supervalu Inc. (SVU) gained 6.9 percent, the most since April 14, to $9.11. The supermarket chain reported first-quarter earnings of 35 cents a share, beating the average analyst estimate in a Bloomberg survey of 33 cents.
Tellabs Inc. (TLAB US) added 11 percent, the most since Jan. 26, to $4.65. The voice-and data-systems company said it plans to cut $50 million in expenses and costs over the next four quarters and will shed 330 jobs, or 10 percent of its workforce.
United Parcel Service Inc. (UPS) slipped 3.3 percent, the most since June 2010, to $71.59. The world’s largest package-delivery company said demand in the third quarter will be “fairly slow” before picking up in the last three months of 2011. Asian growth outside of China was slower than expected and the U.S. will continue to be “extremely sluggish,” the company said.
Volterra Semiconductor Corp. (VLTR US) advanced 14 percent, the most since January 2010, to $26.31. The maker of power-regulating chips reported second-quarter profit excluding some items of 28 cents a share, beating the average analyst estimate by 24 percent, Bloomberg data show. Piper Jaffray Cos. raised the stock’s rating to “overweight” from “neutral.”
W.R. Grace & Co. (GRA) rallied 13 percent to $51.65, the highest price since February 1998. The catalyst producer that’s been in Chapter 11 bankruptcy protection for a decade said it improved profitability after formulating products that use less rare-earth minerals.
Waters Corp. (WAT) slid 8.1 percent, the most since December 2008, to $89.25. The maker of laboratory products and instruments posted second-quarter earnings excluding some items of $1.08 a share, 5.4 percent lower than the average analyst estimate in Bloomberg survey.
Weatherford International Ltd. (WFT) increased 10 percent, the most since April 2009, to $22.49. The oilfield-services and equipment provider reported second-quarter earnings excluding some items of 17 cents a share, beating the average analyst estimate in a Bloomberg survey of 15 cents.
Western Union Co. (WU) gained 5.5 percent, the most since April 27, to $20.29. The world’s largest money-transfer business boosted 2011 revenue and earnings forecasts and posted a profit increase that beat analysts’ estimates.
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