By Elizabeth Campbell and Whitney Kisling
Oct. 22 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading today. Stock symbols are in parentheses, and share prices are as of 8:05 a.m. in New York.
Apple Inc. (AAPL US) gained 9.5 percent to $100.14. The maker of Macintosh computers and iPhones reported profit of $1.26 a share in the third quarter, beating the average analyst estimate by 13 percent, according to a Bloomberg survey.
Boeing Co. (BA US) fell 3 percent to $45. The second-largest commercial planemaker and defense contractor posted third-quarter earnings that missed the average estimate of analysts surveyed by Bloomberg after a strike by machinists shuttered factories and halted aircraft deliveries. The company will update its financial information after the labor strike ends.
Broadcom Corp. (BRCM US) rose 7.3 percent to $14.81. The maker of chips for the iPhone and Nintendo Co.'s Wii game console said third-quarter profit increased almost sixfold, topping some analysts' estimates, on wireless product sales and a technology royalty payment.
Coventry Health Care Inc. (CVH US) slumped 33 percent to $19 in late-trading yesterday. The health insurer said third-quarter profit fell to 58 cents a share. That's half the average analyst estimate of $1.06, according to a Bloomberg survey.
Other health insurance companies also declined in late- trading yesterday. Humana Inc. (HUM US) lost 6.8 percent to $34.98. UnitedHealth Group Inc. (UNH US) slipped 5 percent to $24.
GlaxoSmithKline Plc American depositary receipts (GSK US): The world's second-largest drugmaker posted third-quarter net income that dropped 22 percent on slowing sales of Avandia. The company lost 3 billion pounds to generic drugmakers' competition, Chief Executive Officer Andrew Witty said on a conference call. The shares fell 27 cents to $37.55.
Kimberly-Clark Corp. (KMB US) slid 2.7 percent to $59.99. The maker of Huggies diapers and Kleenex tissues forecast fourth- quarter adjusted earnings of $1.02 to $1.07 a share, less than the average estimate of analysts in a Bloomberg survey. The company also cut its full year forecast to $4.15 to $4.20 a share, saying the effects of lower costs will take six months to be realized.
Merck & Co. (MRK US) slid 1.6 percent to $29.50. The third- largest U.S. drugmaker cut its earnings forecast through 2010, saying it expects ``mid-to-high single-digit'' growth rather that its previous outlook of double-digit growth.
Philip Morris International Inc. (PM US) gained 3.2 percent to $43.50. The world's largest publicly traded tobacco company posted profit, excluding some items, of 93 cents, topping analysts' average estimate of 89 cents, according to a Bloomberg survey. Third-quarter profit advanced after the company raised prices and increased sales in Russia and Indonesia, Philip Morris said.
QLogic Corp. (QLGC US) climbed 3.6 percent to $13 in late- trading yesterday. The chip and switch maker reported adjusted per-share earnings for the fiscal second quarter beat the average analyst estimate by 11 percent, according to a Bloomberg survey.
SanDisk Corp. (SNDK US) slid 23 percent to $11.31. The world's largest maker of memory cards used in digital cameras fell after Samsung Electronics Co. withdrew its $5.85 billion offer to acquire SanDisk because of the global financial crisis.
VMware Inc. (VMW US) rallied 16 percent to $21.72. The biggest maker of programs that let computers run multiple operating systems said that it earned 24 cents a share in the third quarter, excluding some items. That topped the average estimate by 18 percent, according to a Bloomberg survey of analysts.
EMC Corp. (EMC US), the majority owner of VMware, jumped 7.3 percent to $10.40.
Wachovia Corp. (WB US): The lender being acquired by Wells Fargo & Co. reported a third-quarter loss, excluding one-time items, of $2.23 a share, greater than the average loss estimate of 2 cents a share, according to a Bloomberg survey. Wachovia had its third straight quarterly loss because of the mortgage crisis and writedowns of securities backed by real estate. The shares gained 3 cents to $6.09.
Yahoo! Inc. (YHOO US) rose 4.4 percent to $12.60. The Internet company that rejected a takeover offer from Microsoft Corp. said it plans to cut at least 10 percent of its staff after advertising spending slowed.
To contact the reporters on this story: Elizabeth Campbell in New York at ecampbell11@bloomberg.net; Whitney Kisling in New York at wkisling@bloomberg.net
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