Beazer, Deckers Outdoor, MBIA, Fannie Mae: U.S. Equity Preview

By Lynn Thomasson

Aug. 8 (Bloomberg) -- The following companies may have unusual price changes in U.S. markets. Stock symbols are in parentheses after company names, and prices are as of 8:15 a.m. in New York, unless stated otherwise.

Beazer Homes USA Inc. (BZH US): The U.S. homebuilder under investigation by federal regulators reported its seventh consecutive quarterly loss amid rising foreclosures and the shrinking availability of mortgages. The third-quarter net loss of $2.85 a share was 11 percent worse than the average analyst estimate from a Bloomberg survey. The stock added 1 percent to $5.93 yesterday.

Deckers Outdoor Corp. (DECK US) increased 1.6 percent to $117. The maker of Ugg boots and Teva sandals reported profit excluding some items of 39 cents a share, topping the average analyst estimate from a Bloomberg survey by 65 percent.

EnerNoc Inc. (ENOC US): The Boston-based company that helps power-grid operators cut electricity use when demand is highest boosted its 2008 sales forecast and reported second-quarter results that topped analysts' expectations. The shares were unchanged yesterday at $14.08.

Fannie Mae (FNM US) dropped 13 percent to $8.70. The largest U.S. mortgage-finance company posted a fourth straight quarterly loss and cut its dividend as record delinquencies pushed up credit costs. The second-quarter loss, excluding a one-time gain, was $2.51 a share, compared with the 72-cent average estimate from analysts polled by Bloomberg.

MBIA Inc. (MBI US) climbed 5.1 percent to $8.70. The company, once the largest provider of municipal bond insurance, reported second-quarter profit, excluding accounting adjustments, and decided against taking additional reserves for mortgage- related guarantees. Analysts polled by Bloomberg expected a loss for the quarter.

Par Pharmaceutical Cos. (PRX US): The maker of the anorexia drug Megace ES reported a second-quarter loss from continuing operations of 59 cents a share. Analysts had expected profit of 13 cents a share, the average of two estimates in a Bloomberg survey. The stock lost 1.3 percent to $16.74 yesterday.

Windstream Corp. (WIN US): The phone company serving rural areas in 16 states said second-quarter profit fell 12 percent as more customers cut their land-lines. Sales declined 3.2 percent to $799.9 million, missing the average estimate of analysts surveyed by Bloomberg. The shares were unchanged yesterday at $12.13.

World Fuel Services Corp. (INT US): The seller of fuel to airlines and ships reported second-quarter profit of 73 cents a share. Analysts had expected 53 cents, the average of four estimates in a Bloomberg survey. The stock dropped 3.1 percent to $25.15 yesterday.

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