Economic Calendar

Wednesday, August 26, 2009

Labopharm, LDK Solar, Myriad, Transocean: U.S. Equity Preview

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By Lu Wang

Aug. 26 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Blue Coat Systems Inc. (BCSI US): The provider of Internet security for corporations posted earnings excluding some items of 23 cents a share in the fiscal first quarter, beating the average analyst estimate by 1 cent, according to Bloomberg data.

Hain Celestial Group Inc. (HAIN US): The biggest U.S. maker of organic foods forecast profit of $1.28 a share at most in fiscal 2010. That trailed the average analyst estimate of $1.37 from analysts in a Bloomberg survey.

Labopharm Inc. (DDSS US): The Canadian drug developer said the U.S. Food and Drug Administration accepted its response regarding a new formulation of the antidepressant trazodone.

LDK Solar Co. (LDK US): The Chinese maker of silicon wafers used in solar power cells said it will help develop up to 500 megawatts of solar power projects in eastern China’s Yancheng City over the next five years.

Myriad Genetics Inc. (MYGN US): The maker of a widely used test for detecting inherited breast cancer reported fourth- quarter profit excluding some items of 37 cents a share, beating the average analyst estimate by 60 percent.

Transocean Ltd. (RIG US): The world’s largest offshore oil driller said a unit of Noble Energy Inc. has awarded a 455-day contract for the ultra-deepwater semisubmersible rig Sedco Express. The estimated revenue related to the contract is about $241 million.

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




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