By Rita Nazareth
April 23 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 7:15 a.m. in New York.
Abiomed Inc. (ABMD US): The maker of the first fully implantable artificial heart said the U.S. Food and Drug Administration cleared two more of its devices for temporary use.
Apple Inc. (AAPL US) rose 3.8 percent to $126.10. The Cupertino, California-based company reported second-quarter profit and sales that topped analysts’ estimates after new Macintosh and iPod models helped spur growth. Apple was raised to “outperform” from “underperform” at RBC Capital Markets, “as overhang concerns fade and momentum remains.”
Chipotle Mexican Grill Inc. (CMG US): The restaurant chain reported first-quarter profit of 78 cents a share, topping the average analyst estimate by 41 percent, according to Bloomberg data.
Danaher Corp. (DHR US): The maker of Craftsman tools and dental X-ray machines posted first-quarter profit excluding some items of 72 cents a share, missing the average analyst estimate by a penny, as sales at all of its units declined.
EBay Inc. (EBAY US) gained 5.8 percent to $15.64. The most- visited U.S. e-commerce site reported first-quarter sales and profit beat analysts’ estimates, a sign that efforts to overhaul its main auction and fixed-price retail site may be working.
Fifth Third Bancorp (FITB US) surged 12 percent to $4.12. The Ohio bank reported a loss per share excluding items that was narrower than the consensus estimate of 28 cents.
Marriott International Inc. (MAR US): The biggest U.S. hotel chain forecast second-quarter adjusted earnings per share of 23 cents at most. Analysts surveyed by Bloomberg estimated 26 cents for the quarter.
Morgan Stanley (MS US) rose 2.2 percent to $22.93. The fifth-biggest U.S. bank by assets was raised to “neutral” from “underperform” at Bank of America Corp., which said “there is now modest upside potential” in the stock.
NuVasive Inc. (NUVA US) jumped 11 percent to $33. The maker of devices for spinal surgery reported a first-quarter adjusted loss of 7 cents a share, better than the average analyst estimate of 19 cents.
Pactiv Corp. (PTV US) climbed 14 percent to $19.55. The maker of Hefty garbage bags increased its forecast, predicting earnings excluding some items of at least $1.97 a share this year.
PNC Financial Services Group Inc. (PNC US) rose 1.8 percent to $38.75. The fifth-largest U.S. bank by deposits said first- quarter profit rose 38 percent on higher mortgage income as customers refinanced their homes.
Potash Corp. of Saskatchewan Inc. (POT US) dropped 4.3 percent to $77.49. The world’s largest fertilizer producer by market value said first-quarter profit fell 46 percent and forecast 2009 earnings will be less than previously projected as lower commodities prices prompted farmers to buy less of its namesake crop nutrient.
Qualcomm Inc. (QCOM US) added 3.4 percent to $41.50. The world’s biggest maker of mobile-phone chips said second-quarter revenue and operating income, excluding the potential impact of the Broadcom Corp. agreement, met or exceeded its prior forecast.
RadioShack Corp. (RSH US): The electronics chain reported first-quarter earnings per share of 34 cents, beating the average analyst estimate by 59 percent.
SunTrust Banks Inc. (STI US): The Atlanta-based lender that received $4.9 billion in federal rescue funds had an $815.2 million first-quarter loss as defaults rose on real estate in the U.S. Southeast.
Thermo Fisher Scientific Inc. (TMO US): The world’s largest maker of laboratory instruments reported adjusted first-quarter profit of 62 cents a share. Analysts surveyed by Bloomberg estimated 70 cents on average.
VMware Inc. (VMW US) slumped 17 percent to $27. The biggest maker of programs that let servers run multiple operating systems forecast second-quarter sales that missed analysts’ estimates as customers curbed spending during the recession.
Woodward Governor Co. (WGOV US) surged 13 percent to $17. The maker of turbine systems said that, excluding some items, it earned 43 cents a share in the fiscal second quarter. That topped the average analyst estimate by 30 percent, according to Bloomberg data.
Yum! Brands Inc. (YUM US) rose 3 percent to $33.04. The owner of the Taco Bell and KFC restaurant chains posted first- quarter profit excluding some items of 48 cents a share, beating the average analyst estimate by 20 percent, as revenues from China increased.
To contact the reporter on this story: Rita Nazareth in New York at rnazareth@bloomberg.net.
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