Economic Calendar

Thursday, February 19, 2009

Biomarin, GameStop, Priceline.com, Sprint: U.S. Equity Movers

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By Rita Nazareth

Feb. 19 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:40 a.m. in New York.

Advance Auto Parts Inc. (AAP US) gained 13 percent to $37. The cars-parts retailer reported fourth-quarter profit of 51 cents a share, beating the average estimate by 38 percent.

Biomarin Pharmaceutical Inc. (BMRN US) dropped 27 percent to $12.93 for the biggest loss in the Russell 1000 Index. The maker of treatments for rare disorders said fourth-quarter profit was 27 cents a share, missing the average analyst estimate by 2.9 percent, according to a Bloomberg survey.

CBS Corp. (CBS US) had the second-biggest gain in the Standard & Poor’s 500 Index, adding 14 percent to $5.83. The broadcaster said it will have enough cash to repay as much as $3 billion in debt maturing over the next three years and reported 25 percent more fourth-quarter profit than analysts estimated on average.

Dress Barn Inc. (DBRN US) added 11 percent to $10.32. The women’s clothing retailer said profit for the fiscal year ending in July will be as much as 85 cents a share, or 12 percent more than the average analyst estimate.

GameStop Corp. (GME US) rose 13 percent to $28.04. The world’s largest video-game retailer forecast profit for the fiscal year ending in January of as much as $2.93 a share, or 6.3 percent more than the average analyst estimate.

Hewlett-Packard Co. (HPQ US) declined the most in the Dow Jones Industrial Average, losing 6.4 percent to $31.91. The world’s largest personal-computer maker reported sales that missed analysts’ estimates, cut its earnings forecast for 2009 and reduced salaries.

LDK Solar Co. (LDK US) slipped 11 percent to $7.99. The Chinese maker of silicon wafers used in solar cells said fourth- quarter revenue was $425 million at most, trailing the average analyst estimate by 12 percent.

Priceline.com Inc. (PCLN US) had the second-biggest gain in the Russell 1000 Index, jumping 18 percent to $80.76. The Internet travel agency said first-quarter profit will be as much as 95 cents a share, or 19 percent more than the average analyst estimate.

Sprint Nextel Corp. (S US) gained 13 percent to $3.07. The third-largest mobile-phone carrier in the U.S. reported a smaller fourth-quarter loss than analysts estimated after cutting jobs and operating costs.

Whole Foods Market Inc. (WFMI US) rallied the most in the S&P 500, climbing 30 percent to $2.101. The largest U.S. natural- foods grocer said fiscal first-quarter was 25 cents a share, beating the average analyst estimate by 37 percent.

To contact the reporter on this story: Rita Nazareth in New York at nazareth@bloomberg.net.

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