Economic Calendar

Wednesday, July 29, 2009

Akamai, CommScope, Hartford, RC2, Symantec: U.S. Equity Preview

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By Lu Wang

July 30 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols may have are in parentheses.

Akamai Technologies Inc. (AKAM US): The provider of software that makes Web sites load faster reported profit excluding some items of 40 cents a share in the second quarter, missing the average analyst estimate by 1.5 percent.

Amkor Technology Inc. (AMKR US): The provider of packaging and tests for semiconductors forecast earnings of at least 17 cents a share in the third quarter, exceeding the average analyst estimate of 6 cents in a Bloomberg survey.

CommScope Inc. (CTV US): The maker of communications equipment said it expects third-quarter sales of $800 million at most, trailing the average analyst estimate of $881 million.

Hartford Financial Services Group Inc. (HIG US): The insurer posted its smallest loss in a year and beat analysts’ estimates as a stock market rally eased the cost of protecting savers from asset declines.

RC2 Corp. (RCRC US): The maker of Bob the Builder and Thomas & Friends toys said it plans to sell 3 million shares and may use part of the money to pay back debt.

Symantec Corp. (SYMC US): The biggest maker of security software forecast profit and sales that missed analysts’ estimates after companies spent less to safeguard their information.

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




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