Economic Calendar

Friday, July 24, 2009

Amazon.com, Deckers, Microsoft, SunPower: U.S. Equity Preview

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By Lu Wang

July 24 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Deckers Outdoor Corp. (DECK US): The maker of Ugg boots said full-year sales will increase 10 percent at most. Analysts predicted growth of 11 percent, based on the average estimate in a Bloomberg survey.

Amazon.com Inc. (AMZN US): The world’s largest Internet retailer reported a decline in second-quarter profit and sales that missed estimates after discounts failed to spur as much growth as predicted.

American Express Co. (AXP US): The biggest credit card company by purchases said profit declined in the second quarter as the recession made it harder for cardholders to keep up with payments.

Microsoft Corp. (MSFT US): The world’s biggest software maker reported a 29 percent drop in profit and revenue that missed analysts’ estimates, a sign that expense reductions weren’t enough to make up for declining sales of personal- computer software.

Riverbed Technology Inc. (RVBD US): The maker of computer backup and networking equipment reported second-quarter revenue of $91 million, missing the average analyst estimate by 2.6 percent, according to Bloomberg data.

SunPower Corp. (SPWRA US): The second-biggest U.S. solar- cell maker posted second-quarter profit excluding some items of 24 cents a share, exceeding the average analyst estimate by 67 percent.

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




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