Baker Hughes, Big Lots, Hershey: 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.
Homebuilders gained as sales of new U.S. homes were stronger than projected in March. PulteGroup Inc. (PHM) rose 4.6 percent to $8.60. D.R. Horton Inc. (DHI) advanced 3.2 percent to $15.54. Lennar Corp. (LEN) added 2.2 percent to $25.27.
Alimera Sciences Inc. (ALIM) surged 28 percent, the most in the Russell 2000 Index, to $3.44. The pharmaceutical company said it got approval to sell Iluvien in Austria as a treatment for diabetic macular edema, the first national authorization in the European Union.
AT&T Inc. (T) rose the most in the Dow Jones Industrial Average, rallying 3.6 percent to $31.72. The largest U.S. phone company posted first-quarter earnings that beat analysts’ estimates after wireless subscribers spent more on browsing the Web, downloading video and sending e-mail.
Baker Hughes Inc. (BHI) rose 4.8 percent, the most since Jan. 3, to $43.04. The oilfield-services contractor reported first-quarter earnings that exceeded analysts’ estimates and said it expects to see “significant” benefits from supply-chain improvements in the second half.
Big Lots Inc. (BIG) plunged 24 percent, the most in the Standard & Poor’s 500 Index, to $34.71. The discount retailer cut its U.S. comparable-store sales forecast for the fiscal first quarter to “slightly negative,” compared with a previous estimate for an increase of as much as 4 percent.
Carlisle Cos. (CSL) jumped 11 percent to $55.17, the highest price since at least 1980. The maker of construction materials, tires and trailers reported first-quarter earnings that beat the average analyst estimate by 54 percent, the most since 2009, according to data compiled by Bloomberg.
Ceradyne Inc. (CRDN US) dropped 15 percent, the most since February 2009, to $26.57. The maker of ceramic body armor for U.S. soldiers reduced its full-year forecast as first-quarter earnings trailed analysts’ estimates.
Corrections Corp. of America (CXW US) fell 8.9 percent, the most since May 16, to $27.60. California, which once locked up more prison inmates than any other state, may slash $4.1 billion in construction plans, reclaim inmates housed in other states and close one of its costliest facilities. Corrections Corp. runs prisons for public agencies.
Fusion-io Inc. (FIO US) rallied 4 percent, the most since April 17, to $27.25. The developer of flash-memory technology may be a target for enterprise server or storage vendors, such as Oracle Corp. (ORCL US), Hewlett-Packard Co. (HPQ US), International Business Machines Corp. (IBM US), Dell Inc. (DELL US), NetApp Inc. (NTAP US) or Cisco Systems Inc. (CSCO US), according to William Blair & Co.
Hershey Co. (HSY) climbed 6 percent, the most since April 2010, to $66. The chocolate maker boosted its full-year forecast after first-quarter earnings beat analysts’ estimates.
J&J Snack Foods Corp. (JJSF) surged 14 percent, the most since June 2000, to $55.68. The maker of SuperPretzels reported second-quarter per-share earnings that surpassed the average projection of analysts surveyed by Bloomberg.
Juniper Networks Inc. (JNPR) advanced 7.2 percent, the most since Dec. 20, to $21.63. The second-largest maker of networking equipment reported first-quarter revenue of $1.03 billion, beating the average analyst estimate of $977.1 million.
Lexmark International Inc. (LXK) fell 6.5 percent, the most since Oct. 25, to $30.44. The maker of laser and inkjet printers forecast second-quarter earnings will be no more than $1.05 a share, compared with the average analyst projection for $1.14 a share, data compiled by Bloomberg show.
Netflix Inc. (NFLX) plunged 14 percent, the most since Oct. 25, to $87.68. The world’s largest video-subscription service projected a slowdown in growth of U.S. streaming customers.
Parker Hannifin Corp. (PH) advanced 8.7 percent, the most since May 2010, to $87.96. The maker of fluid power systems and air-conditioning products boosted its full-year adjusted earnings forecast to at least $7.30 a share. That’s higher than the average analyst estimate of $7.09 in a Bloomberg survey.
RadioShack Corp. (RSH) slumped 11 percent to $5.34, the lowest price since 1981. The consumer-electronics retailer reported an unexpected first-quarter loss, hurt by falling U.S. demand for mobile phones and laptop computers.
Sanmina-SCI Corp. (SANM) fell the second-most in the Russell 2000 Index, dropping 14 percent to $8.87. The maker of computers and phones said third-quarter revenue and earnings would fall short of the average estimates of analysts surveyed by Bloomberg.
Symantec Corp. (SYMC) fell 11 percent, the most since July 2009, to $16.01. The maker of computer security software reduced its sales and profit forecast for the fiscal fourth quarter, citing an increase in contracts with deferred revenue.
Waters Corp. (WAT) slid 7.4 percent, the most since Oct. 7, to $81.80. The maker of laboratory products and instruments forecast full-year earnings of $5.15 a share at most, trailing the average analyst estimate of $5.24.
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