Economic Calendar

Friday, July 17, 2009

AngioDynamics, Google, IBM, Tempur-Pedic: U.S. Equity

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By Lu Wang

July 17 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

AngioDynamics Inc. (ANGO US): The maker of devices to treat cancer and heart disease said that, excluding some items, it earned 14 cents a share in the fiscal fourth quarter. That trailed the average analyst estimate by 6.7 percent, according to Bloomberg data.

Callaway Golf Co. (ELY US): The maker of Big-Bertha and Steelhead golf clubs reduced its forecast, saying it no longer expects second-half earnings to be higher than last year.

Google Inc. (GOOG US): The owner of the world’s most popular search engine reported slower second-quarter sales growth as advertisers held back spending amid the recession.

International Business Machines Corp. (IBM US): The world’s biggest computer-services provider increased its full-year earnings forecast as it boosted profitability during the recession.

Tempur-Pedic International Inc. (TPX US): The maker of luxury mattresses reported earnings excluding some items of 22 cents a share in the second quarter, beating the average analyst estimate by 25 percent.

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




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