Limited Brands, Massey, Southern Copper: U.S. Equity Preview

By Jeff Kearns

Aug. 21 (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 a.m. in New York, unless stated otherwise.

Bally Technologies Inc. (BYI US) climbed 6.9 percent to $33.50. The second-largest U.S. maker of slot machines said fourth-quarter profit rose 69 percent as it won market share from rivals and lowered costs. The company reiterated its full-year forecast.

Citi Trends Inc. (CTRN US): The clothing retailer reported second-quarter profit of 20 cents a share, exceeding the average analyst estimate by 16 percent, according to Bloomberg data. The shares rose 5.1 percent to $19.39 in extended trading yesterday.

Limited Brands Inc. (LTD US) climbed 5.7 percent to $19. The owner of the Victoria's Secret chain reported second-quarter profit above the average analyst estimate and raised its earnings forecast for the year.

Massey Energy Co. (MEE US) rose 2.8 percent to $66.70. The largest U.S. producer of coal from the Appalachian region was raised to ``buy'' from ``neutral'' at UBS AG.

JDS Uniphase Corp. (JDSU US) slumped 12 percent to $10.52. The maker of phone equipment for AT&T Inc. posted a wider net loss after sales of testing equipment dropped. Excluding some items, profit was 7 cents a share, compared with the 11-cent estimate of analysts in a Bloomberg survey.

Phillips-Van Heusen Corp. (PVH US): The seller of Calvin Klein and Izod clothing said third-quarter profit may be as low as $1.07 a share, compared with the average analyst estimate of $1.21 a share. The shares slipped 3 percent to $34.96 in extended trading.

Salesforce.com Inc. (CRM US) dropped 10 percent to $58.60. The seller of Internet-based customer-management software said sales growth slowed and an acquisition reduced earnings projections for the year.

Southern Copper Corp. (PCU US) rose 3.9 percent to $25.50. The world's fifth-largest copper producer was raised to ``neutral'' from ``underperform'' at Merrill Lynch & Co.

To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net.