By Matt Townsend
May 21 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 7:41 a.m. in New York.
The Buckle Inc. (BKE US): The maker of apparel for young adults posted first-quarter earnings excluding some items of 58 cents a share, surpassing the average analyst estimate of by 16 percent, on an 18 percent jump in same-store sales.
Cephalon Inc. (CEPH US) fell 3.5 percent to $60.85. The biopharmaceutical company said it plans to raise $750 million from concurrent common stock and convertible senior subordinated notes offerings.
Citi Trends Inc. (CTRN US): The clothing retailer boosted its forecast, saying it expects to earn $1.33 a share in fiscal 2009.
Data Domain Inc. (DDUP US) jumped 34 percent to $24. NetApp Inc. (NTAP US), a provider of storage management hardware and software, agreed to acquire all of the outstanding shares of Data Domain for $25 per share in cash and stock, or about $1.5 billion.
Fifth Third Bancorp (FITB US) slid 3 percent to $7.48. The Ohio-based lender filed plans with regulators to offer $750 million of common shares.
Hot Topic Inc. (HOTT US) plummeted 11 percent to $7.76. The teen clothing and music retailer forecast a loss excluding some items of at least 2 cents a share in the second quarter. Analysts, on average, expected the company to earn 1 cent, according to a Bloomberg survey.
PetSmart Inc. (PETM US) fell 4.7 to $21.25. The largest U.S. pet-store chain was downgraded to “neutral” from “buy” by Goldman Sachs Group Inc. because “food inflation has driven” its same-store sales growth and there is now a “limited opportunity” for outperformance.
Tessera Technologies Inc. (TSRA US) jumped 25 percent to $20.75. The designer of packaging for computer chips won a U.S. trade ruling in its efforts to get new licensing revenue from Qualcomm Inc. (QCOM US) and other makers of chips for wireless devices.
To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.net
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