Economic Calendar

Thursday, November 20, 2008

Gymboree, Intuit, Limited Brands, PetSmart: U.S. Equity Preview

Share this history on :

By Lu Wang

Nov. 19 (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 1.40, or 0.2 percent, to 811.10. Dow Jones Industrial Average futures fell 467, or 5.5 percent, to 8,027. Nasdaq-100 Index futures slipped 3.25, or 0.3 percent, to 1,089.25.

Cyberonics Inc. (CYBX US): The maker of a nerve-stimulating device to treat epilepsy boosted its sales forecast, saying it expects revenue of as much as $140 million in fiscal 2009. The stock dropped 8 percent to $10.10 in regular trading.

Gymboree Corp. (GYMB US) rose 77 cents, or 4.7 percent, to $17.25 in trading after the official close of exchanges. The children's-clothing maker said it earned $1.06 a share in the third quarter. That beat the average estimate of $1.03 from analysts in a Bloomberg survey.

Intuit Inc. (INTU US): The world's biggest maker of tax- preparation software reported a wider loss in the fiscal first quarter and forecast profit that missed some analysts' estimates after the slowing economy and tighter credit squeezed small- business customers. The stock fell 3.4 percent to $20.55 in regular trading.

Limited Brands Inc. (LTD US) gained 28 cents, or 3.7 percent, to $7.86. The owner of Victoria's Secret shops and the Bath & Body Works chain said third-quarter profit excluding some items was 1 cent a share. Analysts, on average, expected the company to break even, according to a Bloomberg survey.

PetSmart Inc. (PETM US) rose $1.66, or 12 percent, to $14.98. The largest U.S. pet-store chain reported third-quarter profit of 28 cents a share. That's 2 cents higher than the average analyst's estimate, according to a Bloomberg survey.

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




No comments: