American Express, Sun, Texas Instruments: U.S. Equity Preview

By Lu Wang

Oct. 20 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:30 p.m. in New York, unless otherwise specified.

Standard & Poor's 500 Index futures expiring in December lost 5, or 0.5 percent, to 988. Dow Jones Industrial Average futures jumped 546, or 6.3 percent, to 9,317. Nasdaq-100 Index futures slipped 8.75, or 0.6 percent, to 1,351.25.

SanDisk Corp. (SNDK US) fell 41 cents, or 2.8 percent, to $14.01. The biggest maker of memory cards for digital cameras posted a second straight loss after an industry glut drove down prices. Excluding acquisition-related expenses, the loss was 59 cents a share, wider than the 27-cent average analyst estimate, according to a Bloomberg survey.

American Express Co. (AXP US) gained $1.49, or 6.1 percent, to $25.84. The biggest U.S. credit-card company by purchases said profit from continuing operations was 74 cents a share, beating the 59-cent average estimate of analysts surveyed by Bloomberg.

Netflix Inc. (NFLX US) fell 30 cents, or 1.3 percent, to $23.50. The largest U.S. mail-order movie service lowered fourth-quarter projections for the second time this month, saying it expects as many as 9.15 million subscribers by the end of the year.

Oracle Corp. (ORCL US) rose 26 cents, or 1.4 percent, to $18.42. The world's second-largest software maker said it would buy back as much as $8 billion in shares, bringing its total planned buyback to as much as $9.3 billion.

Sun Microsystems Inc. (JAVA US) lost 28 cents, or 4.8 percent, to $5.50. The world's fourth-largest maker of server computers said fiscal first-quarter sales probably amounted to $2.95 billion to $3.05 billion. That missed the average of $3.15 billion expected by analysts surveyed by Bloomberg.

Texas Instruments Inc. (TXN US) fell $1.21, or 6.7 percent, to $16.77. The second-largest U.S. semiconductor maker reported a 27 percent decline in third-quarter profit on fewer orders for mobile-phone chips. Its forecast for the current quarter missed some analysts' estimates.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net