AMR, Cincinnati Financial, Nvidia, TranS1: U.S. Equity Preview

By Lynn Thomasson

July 2 (Bloomberg) -- The following companies may have unusual price changes in U.S. markets tomorrow. Stock symbols are in parentheses after company names, and prices are as of 5:45 p.m. in New York, unless stated otherwise.

AMR Corp. (AMR US): The parent of American Airlines will record second-quarter costs of about $1.3 billion to reduce the value of aircraft it will park and to pay severance to employees losing their jobs as it cuts back on flights, according to a U.S. regulatory filing. The shares dropped for a ninth consecutive day in regular trading, losing 4.7 percent to $4.62.

Cincinnati Financial Corp. (CINF US): The Ohio-based property insurer that is Fifth Third Bancorp's largest shareholder may be downgraded by Moody's Investors Service because of the decline in Cincinnati Financial's shares. The stock added 0.2 percent to $25.24 in regular trading.

Eli Lilly & Co. (LLY US): The world's biggest maker of psychiatric medicines lost an appeal to limit potential damages in a lawsuit filed by Canadian patients who claimed they developed diabetes after using its Zyprexa schizophrenia drug. The plaintiffs sought C$900 million ($890 million) in damages in their initial claim. Eli Lilly shares slipped less than 0.1 percent to $46.09 in regular trading.

Nvidia Corp. (NVDA US) tumbled 21 percent to $14.19. The second-biggest maker of computer-graphics chips cut its second- quarter revenue forecast because of a drop in demand, delayed development of new chips and price competition.

TranS1 Inc. (TSON US): The maker of medical devices to treat spinal diseases said second-quarter revenue may be as low as $5.9 million, less than its previous estimate of $6.3 to $6.5 million. The shares increased 1.8 percent to $14.25 in regular trading.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.