Economic Calendar

Thursday, June 25, 2009

Bed Bath & Beyond, Jazz, Jefferies, Nike: U.S. Equity Preview

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By Lu Wang

June 25 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Acxiom Corp. (ACXM US): The computer-services company said it expects to earn 7 cents a share at most in the fiscal first quarter. Robert W. Baird Ltd. estimated profit of 19 cents.

Bed Bath & Beyond Inc. (BBBY US): The largest U.S. home- furnishings retailer reported first-quarter profit of 34 cents a share, beating the average analyst estimate by 38 percent, according to Bloomberg data.

Cigna Corp. (CI US): The life and health insurance company said Chief Executive Officer Edward Hanway will retire at the end of the year and be succeeded by David M. Cordani.

Jazz Pharmaceuticals Inc. (JAZZ US): The Palo Alto, California-based drugmaker said results from a study on its treatment of fibromyalgia showed a “highly significant” decrease in pain and fatigue.

Jefferies Group Inc. (JEF US): The New York-based brokerage that specializes in mid-sized companies said it expects second- quarter revenue of more than $500 million. That topped the average analyst estimate of $325.8 million in a Bloomberg survey.

Nike Inc. (NKE US): The world’s largest athletic-shoe maker said worldwide orders declined 12 percent.

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




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