By Whitney Kisling and Elizabeth Campbell
Nov. 21 (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 7:45 a.m. in New York, unless otherwise specified.
Autodesk Inc. (ADSK US) declined 17 percent to $13.98 in trading after the official close of exchanges yesterday. The biggest maker of engineering-design software said fourth-quarter earnings excluding some items will be as much as 34 cents a share. That missed the 54-cent average estimate by analysts in a Bloomberg survey.
Celanese Corp. (CE US) fell 9 percent to $7.70. The world’s largest producer of chemicals called acetyls said profit for 2008 will be less than the company previously forecast because customers are purchasing less.
Citigroup Inc. (C US) rallied 12 percent to $5.27. The U.S. bank that slipped this week to fifth-largest by market value will hold a board meeting today to discuss its options, after losing more than half its value this month. The panel may choose to sell pieces of the bank or the entire company, the Wall Street Journal reported, citing people it didn’t identify. The New York Times said management isn’t actively considering those options.
Dell Inc. (DELL US) rose 5 percent to $10.30. The world’s second-largest computer maker posted third-quarter profit that beat analysts’ estimates as Chief Executive Officer Michael Dell cut jobs and switched to cheaper production methods.
Google Inc. (GOOG US) rose 3.4 percent to $268.50. The owner of the world’s most popular search engine said it’s continuing to hire staff during the credit crunch and may seek investment opportunities.
Hewlett-Packard Co. (HPQ US) added 3.7 percent to $33. The world’s biggest personal-computer maker was added to the “conviction buy” list at Goldman Sachs Group Inc., which said the company’s “diversity and cost cutting abilities” should boost earnings amid worsening technology demand.
Microsoft Corp. (MSFT US) gained 2.7 percent to $18. The world’s largest software maker may sell bonds for the first time, seeking to use its top credit rating to extract funds from a market roiled by default concerns, according to a regulatory filing.
New York Times Co. (NYT US): The newspaper publisher cut its quarterly dividend 74 percent to 6 cents a share, saying the reduction will give the company greater financial flexibility. The stock dropped 9.9 percent to $5.72 in regular trading yesterday.
Novellus Systems Inc. (NVLS US): The maker of equipment that helps turn silicon wafers into computer chips said fourth- quarter orders will fall more than previously forecast. The shares gained 1.5 percent to $10.62 in regular trading yesterday.
Salesforce.com Inc. (CRM US) rose 10 percent to $25.15. The top seller of Internet-based customer-management software reported a bigger-than-expected 55 percent increase in third- quarter profit after adding customers.
To contact the reporters on this story: Whitney Kisling in New York at wkisling@bloomberg.net; Elizabeth Campbell in New York at ecampbell11@bloomberg.net
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