CSX, Lehman, Joy Global, New York Times: U.S. Equity Preview

By Jeff Kearns

Sept. 11 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 8 a.m. in New York, unless otherwise specified.

Actel Corp. (ACTL US): The maker of electronic equipment said third-quarter revenue may fall as much as 9 percent from the second-quarter. The company had previously predicted growth of as much as 1 percent. The shares dropped 5 percent to $10.74 in extended trading yesterday.

Cia. Siderurgica Nacional SA (SID US) American depositary receipts rose 17 percent to $29. Brazil's third-largest steelmaker was upgraded to ``buy'' from ``underperform'' by Merrill Lynch & Co. on expectations the company may sell its iron-ore unit for $4.1 billion more than investors expect.

CSX Corp. (CSX US) rose 3.9 percent to $57. The third- largest U.S. railroad said in a statement sent by PRNewswire that it forecast 2008 profit of as much as $3.75 a share. Analysts had expected $3.58 a share, the average of 16 estimates in a Bloomberg survey.

Joy Global Inc. (JOYG US) increased 0.3 percent to $45.18. The maker of mining equipment doubled the amount of its share repurchase program to $2 billion.

L-1 Identity Solutions Inc. (ID US): The maker of security software predicted annual profit of 12 cents a share, compared with the average analyst estimate of 16 cents. L-1 Identity shares lost 2.7 percent to $15.97 in extended trading.

Lehman Brothers Holdings Inc. (LEH US) dropped 29 percent to $5.14. The shares were cut to ``hold'' from ``buy'' at Citigroup Inc., which cited a possible cut in the credit rating and deteriorating capital. Oppenheimer & Co. lowered its 2008 earnings estimate for Lehman, saying the bank faces further writedowns after posting the biggest loss in its history.

New York Times Co. (NYT US): Mexican billionaire Carlos Slim and his family acquired a 6.4 percent stake in the newspaper publisher, according to a regulatory filing today. The shares added 6.4 percent to $14.86 in extended trading.

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