Economic Calendar

Tuesday, April 28, 2009

Aaron’s, Baidu.com, Parexel, U.S. Steel: U.S. Equity Preview

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By Lu Wang

April 28 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Aaron’s Inc. (AAN US): The lease-to-own company operating in 48 U.S. states and Canada increased its 2009 earnings forecast, projecting profit of at least $1.90 a share. Analysts, on average, estimated the company will earn $1.81, according to a Bloomberg survey.

Baidu.com Inc. (BIDU US): The operator of China’s most-used Internet search engine reported first-quarter sales and profit that beat analysts’ estimates as Web usage continued to grow in the world’s third-biggest economy.

Parexel International Corp. (PRXL US): The tester of experimental medicines for drugmakers said it expects to earn at least 26 cents a share in the fiscal fourth quarter. That exceeded the average estimate of 25 cents from analysts in a Bloomberg survey.

Rent-A-Center Inc. (RCII US): The largest U.S. chain offering goods for consumers to rent with the intent to buy forecast profit of 56 cents at most in the second quarter. That’s short of the average estimate of 57 cents from analysts in a Bloomberg survey.

U.S. Steel Corp. (X US): The largest U.S.-based steelmaker by 2008 sales reported its first quarterly net loss in five years as demand and prices plunged. The company reduced its quarterly dividend by 83 percent to 5 cents a share.

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




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