By Lu Wang
Nov. 12 (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 10.40, or 1.2 percent, to 843.10. Dow Jones Industrial Average futures fell 357, or 4.1 percent, to 8,280. Nasdaq-100 Index futures slipped 19.50, or 1.7 percent, to 1,144.
Applied Materials Inc. (AMAT US): The largest maker of chip- production machinery reported a 45 percent drop in profit and said it will cut 1,800 jobs as the financial crisis deepens an industrywide slump in orders. The shares fell 70 cents, or 6.6 percent, to $9.95 in regular trading.
Crocs Inc. (CROX US) fell 75 cents, or 39 percent, to $1.15. The maker of colored plastic clogs said it expects a loss of as much as 65 cents a share in the fourth quarter. Analysts, on average, estimated a loss of 6 cents, according to a Bloomberg survey.
Crown Holdings Inc. (CCK US): The maker of about a fifth of the world's beverage cans said it plans to close two plants in the Montreal area in the first quarter, affecting 175 employees. The stock dropped 7.2 percent to $16.50 in regular trading.
Intel Corp. (INTC US) fell 66 cents, or 4.9 percent, to $12.86. The world's largest chipmaker lowered its fourth-quarter sales forecast, saying revenue will be about $9 billion, plus or minus $300 million. It originally targeted between $10.1 billion and $10.9 billion.
National Semiconductor Corp. (NSM US): The maker of chips for the five largest mobile-phone manufacturers reduced its revenue forecast for the second quarter and said it will cut about 5 percent of its workforce. The stock fell 6.5 percent to $11.33 in regular trading.
To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net
Posts
No comments:
Post a Comment