Economic Calendar

Thursday, August 6, 2009

Allstate, Cisco, General Cable, MBIA, TBS: U.S. Equity Preview

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By Lu Wang

Aug. 6 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Allstate Corp. (ALL US): The largest publicly traded U.S. home and auto insurer said operating profit, which excludes some investment results, was 55 cents a share in the second quarter, missing the average analyst estimate by half.

Cisco Systems Inc. (CSCO US): The largest maker of networking equipment said first-quarter sales will fall 15 percent to 17 percent from a year earlier.

General Cable Corp. (BGC US): The biggest U.S. maker of cable for energy and communications companies forecast profit excluding some items of 55 cents a share at most in the third quarter. That missed the 73-cent average estimate in a Bloomberg survey of analysts.

MBIA Inc. (MBI US): The largest bond insurer by total guarantees posted a profit of $894.7 million after recording $1.1 billion in pretax estimated recoveries based on its expectation that it won’t need to pay out certain claims.

TBS International Ltd. (TBSI US): The ocean-transportation services company reported a second-quarter loss of 57 cents a share, more than two times wider than the average analyst estimate.

Thoratec Corp. (THOR US): The maker of a mechanical heart that’s smaller than a D-cell battery said that, excluding some items, it expects to earn at least 76 cents a share this year. That exceeded the average estimate of 75 cents 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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