Callaway Celestica Harris Starent Viad U.S. Equity Movers
Callaway, Celestica, Harris, Starent, Viad: U.S. Equity Movers
By Lu Wang
Feb. 1 (Bloomberg) — The following is a list of companies
whose shares are having unusual price changes in U.S. markets.
Stock symbols are in parentheses after company names, and prices
are as of 11:40 a.m. in New York.
Altera Corp. (ALTR US) rose the most since October 2004,
gaining $2.17, or 13 percent, to $19.06. The world;s second-
biggest maker of programmable semiconductors said it expects
revenue of at least $323.2 million in the first quarter. That
exceeded the average estimate of $320.6 million from analysts in
a Bloomberg survey.
Ambac Financial Group Inc. (ABK US), the world;s second-
biggest bond insurer, climbed $1.26, or 11 percent, to $12.90.
Eight banks formed a consortium to seek a rescue plan for bond
insurers, CNBC reported, citing an unidentified person.
MBIA Inc. (MBI US), the world;s biggest, rose 4.3 percent to
$16.16.
Avid Technology Inc. (AVID US) fell the most since October
1998, losing $8.03, or 31 percent, to $17.89. The maker of
editing equipment said excluding amortization, stock-based
compensation and other costs, fourth-quarter per-share profit was
42 cents. Seven analysts estimated earnings of 51 cents, on
average, in a Bloomberg survey.
CA Inc. (CA US) climbed the most since October 2002, adding
$3, or 14 percent, to $25. The second-biggest maker of software
for mainframe computers reported a third-quarter profit that
topped analysts; estimates after the company cut expenses. The
company raised its profit and sales forecasts for the year.
Callaway Golf Co. (ELY US) fell the most since September
2004, dropping $1.97, or 11 percent, to $16.02. The maker of Big
Bertha drivers reported a wider fourth-quarter loss as sales of
wood clubs and golf balls fell.
Celestica Inc. (CLS US) rose the most since July 2006,
gaining 77 cents, or 14 percent, to $6.40. The Canadian maker of
electronics for other companies said its fourth-quarter loss
narrowed from a year ago. Excluding stock-option costs and other
items, earnings were 16 cents a share, beating the 13-cent
average of 16 estimates compiled by Bloomberg.
Clear Channel Communications Inc. (CCO US) rose the most
since November 2005, climbing $2.47, or 11 percent, to $24.70.
The largest U.S. radio broadcaster was boosted to “outperform;;
from “peerperform;; by Bear Stearns %26amp; Co., which expects the
company to sell its international business once its buyout by
private equity firms Thomas H. Lee Partners LP and Bain Capital
LLC is completed.
CSK Auto Corp. (CAO US) jumped the most since its 1998
initial public offering, surging $3.09, or 52 percent, to $9.04.
O;Reilly Automotive Inc. (PGEO US), a seller of car parts,
offered to buy CSK for about $355 million, or $8 a share, in
cash. The transaction value, including debt, is about $845
million.
Digital River Inc. (DRIV US) fell the most since October
2005, dropping $6.51, or 17 percent, to $30.99. The company that
builds and manages online business for others said it expects to
earn 48 cents a share in the first quarter. Analysts, on average,
anticipated 57 cents, according to a Bloomberg survey.
Dolby Laboratories Inc. (DLB US) rose the most since
November 2006, jumping $6.83, or 16 percent, to $49.76. The
developer of movie and music sound systems said it earned 42
cents a share in the fiscal first quarter. The average estimate
from analysts in a Bloomberg survey was 34 cents.
Flowserve Corp. (FLS US) climbed the most since Nov. 2,
gaining $10.08, or 12 percent, to $92.19. The Texas-based maker
of pumps and valves used by oil and chemical companies said it
expects to earn at least $5.10 a share this year. Analysts, on
average, estimated profit of $4.83, according to a Bloomberg
survey. Bear Stearns Cos. boosted the stock;s rating to
“outperform;; from “peerperform.;;
Google Inc. (GOOG US) dropped the most since its August 2004
initial public offering, sliding $48.49, or 8.6 percent, to
$515.81. The owner of the most popular Internet search engine
reported fourth-quarter profit and sales that trailed analysts;
estimates, signaling that an economic slowdown may be cutting
into online advertising.
Harris Interactive Inc. (HPOL US) fell 66 cents, or 21
percent, to $2.51, the lowest since October 2002. The Internet-
based market research company reported lower-than-expected profit
and said it will be less profitable in fiscal 2008 because of
increased investments in “high-growth;; areas of its business.
Infinera Corp. (INFN US) rose the most since June 7,
rallying $3.20, or 31 percent, to $13.39. The maker of high-speed
network systems said its fourth-quarter loss narrowed on
increased sales. Excluding stock-based compensation, profit was
17 cents a share. Five analysts estimated an average of 4 cents
in a Bloomberg survey.
Intuitive Surgical Inc. (ISRG US) jumped the most since July
20, climbing $50.84, or 20 percent, to $304.84. The maker of the
da Vinci Surgical System for robot-assisted surgery said fourth-
quarter profit doubled on sales of new systems. Profit was $1.24
a share, beating the average $1.02 estimate of five analysts,
according to a Bloomberg survey.
Maxim Integrated Products Inc. (MXIM US) fell the most since
October 2000, dropping $2.81, or 14 percent, to $16.85. The
chipmaker said it expects revenue of as much as $495 million in
the third quarter. That trailed the average estimate of $557.7
million from analysts in a Bloomberg survey.
Millipore Corp. (MIL US) fell the most since January 2005,
sliding $5.87, or 8.4 percent, to $64.28. The maker of laboratory
tools for drugmakers said fourth-quarter sales were lower than
Wall Street estimates as some of its largest customers in the
U.S. began cutting back on purchases.
Motorola Inc. (MOT US) climbed the most since April 2004,
rising $1.21, or 11 percent, to $12.71. The biggest mobile-phone
maker in the U.S. said it plans to review whether to split off
its mobile-phone unit.
Omnicell Inc. (OMCL US) fell the most since October 2004,
losing $5.68, or 23 percent, to $19.40. The provider of inventory
systems to hospitals said that, excluding some items, it earned
21 cents a share in the fourth quarter. The average estimate from
a Bloomberg survey of analysts was 27 cents.
Phase Forward Inc. (PFWD US) dropped $1.59, or 9.2 percent,
to $15.66, the lowest since May 22. The maker of software used by
drugmakers said profit excluding some items will be as much as 11
cents a share. That;s short of the 13-cent average estimate from
analysts in a Bloomberg survey.
Rio Tinto Group American depositary receipts (RTP US)
climbed the most since Nov. 9, adding $33.79, or 8.3 percent, to
$440.74. Aluminum Corp. of China and Alcoa Inc. (AA US) bought a
7.2 billion pound ($14 billion) stake in Rio Tinto Group,
hindering BHP Billiton Ltd.;s (BHP US) plan to acquire the
world;s third-largest mining company.
BHP Billiton ADRs climbed 7.4 percent to $72.58. ADRs of
Aluminum Corp. of China Ltd., a unit of the Chinese state-owned
company, jumped 11 percent to $40.24.
Ryder System Inc. (R US) gained $3.37, or 6.5 percent, to
$55.37, the highest since Aug. 8. The largest U.S. truck-leasing
company said fourth-quarter net income rose 9.3 percent to $71.9
million, or $1.24 a share. Analysts expected per-share earnings
of $1.08, the average of nine estimates compiled by Bloomberg.
Sealy Corp. (ZZ US) rose the most since April 2006, climbing
98 cents, or 11 percent, to $10.30. The mattress maker reported
fourth-quarter sales of $441.3 million. That beat the $422.1
million average estimate among seven analysts surveyed by
Bloomberg.
Sierra Wireless Inc. (SWIR US) rose the most since Oct. 29,
climbing $1.22, or 8.2 percent, to $16.03. The maker of wireless
communications gear said that, excluding some items, it expects
to earn 35 cents a share in the first quarter. The average
estimate from analysts in a Bloomberg survey was 32 cents.
Starent Networks Corp. (STAR US) rose the most since its
June initial public offering, jumping $2.94, or 24 percent, to
$15.30. The maker of mobile-phone equipment reported better-than-
expected quarterly profit. The company posted earnings excluding
some items of 11 cents a share, exceeding the 9-cent average
analyst estimate from a Bloomberg survey.
Stillwater Mining Co. (SWC US), the only U.S. producer of
platinum and palladium, rose $1.77, or 17 percent, to $12.22, the
highest since July 19. Platinum extended a rally to a record on
speculation that blackouts and mine disruptions in South Africa,
the world;s source of 75 percent of the metal, will trigger a
wider shortfall than forecast. Palladium also surged.
Yahoo! Inc. (YHOO US) jumped the most since April 1996,
rising $8.56, or 45 percent, to $27.74. Microsoft Corp. (MSFT
US), the world;s biggest software maker, made an unsolicited
offer to buy the world;s second-ranked Internet search engine for
about $44.6 billion, or $31 a share.
Microsoft fell 5.7 percent, to $30.75 for the biggest loss
in the Dow Jones Industrial Average.
Viad Corp. (VVI US) rose the most since July 1980, surging
$5.01, or 18 percent, to $32.28. The company, which provides
services for business conventions and money transfers, reported
fourth-quarter profit of 18 cents a share because of increased
sales. Clinton Fendley, an analyst at Davenport %26amp; Co., estimated
a loss of 11 cents a share.
To contact the reporter on this story:
Lu Wang in New York at
