Economic Calendar

Friday, May 29, 2009

Dell, Esterline, FMC, J.Crew, OmniVision: U.S. Equity Preview

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By Lu Wang

May 29 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Dell Inc. (DELL US): The world’s second-largest maker of personal computers reported first-quarter earnings that topped analysts’ estimates, helped by cost cuts.

Esterline Technologies Corp. (ESL US): The manufacturer of jet-engine parts reduced its 2009 earnings forecast, projecting $3.20 a share at most. Analysts, on average, estimated profit of $3.68, according to a Bloomberg survey.

FMC Technologies Inc. (FTI US): The world largest provider of subsea systems for oil and natural-gas will replace Covidien Ltd. (COV US) in the Standard & Poor’s 500 Index, effective after the close of trading on June 4, S&P said in a statement.

J.Crew Group Inc. (JCG US): The U.S. clothing retailer forecast second-quarter profit excluding some items of at least 8 cents a share. Analysts expected a 3-cent loss, based on the average estimate in a Bloomberg survey.

OmniVision Technologies Inc. (OVTI US): The maker of image sensors for camera phones forecast first-quarter sales of at least $90 million. That beat the average estimate of $74.5 million from analysts in a Bloomberg survey.

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

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