Economic Calendar

Friday, October 24, 2008

Celestica, Microsoft, Western Digital: U.S. Equity Preview

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By Lu Wang

Oct. 23 (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 6 p.m. in New York, unless otherwise specified.

Standard & Poor's 500 Index futures expiring in December lost 0.20 point to 915. Dow Jones Industrial Average futures added 217, or 2.5 percent, to 8,774. Nasdaq-100 Index futures slipped 6.25, or 0.5 percent, to 1,247.25.

Celestica Inc. (CLS US) rose 55 cents, or 15 percent, to $4.21. The maker of electronic parts said it expects to earn as much as 24 cents a share in the fourth quarter. Analysts, on average, anticipated profit of 19 cents, according to a Bloomberg survey.

Juniper Networks Inc. (JNPR US) fell 98 cents, or 5.5 percent, to $16.85. The second-largest maker of networking equipment lowered its forecast for 2008 revenue as third-quarter profit missed some analysts' estimates.

Microsoft Corp. (MSFT US) rose 17 cents, or 0.8 percent, to $22.49. The world's largest software maker reported first- quarter profit and sales that beat analysts' estimates as software demand held up amid an economic slowdown.

New York Times Co. (NYT US) fell 40 cents, or 3.7 percent, to $10.30. The newspaper publisher had its debt rating reduced three levels to junk status by Standard & Poor's Corp., which said a likely recession in the U.S. will further crimp the company's revenue.

Western Digital Corp. (WDC US) gained $1.45, or 11 percent, to $14.50. The world's second-largest maker of hard-disk drives said first-quarter profit more than tripled, topping some analysts' estimates, on sales of portable products.

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




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