Economic Calendar

Wednesday, September 9, 2009

Casey’s, Lazard, Ramco-Gershenson, Vivus: U.S. Equity Preview

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By Lu Wang

Sept. 9 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

AeroVironment Inc. (AVAV US): The maker of U.S. military spyplanes reported a loss of 17 cents a share in the fiscal first quarter. Analysts had expected the company to earn 12 cents, according to the average estimate in a Bloomberg survey.

Casey’s General Stores Inc. (CASY US): The owner of convenience stores in the Midwest reported earnings of 87 cents a share in the fiscal first quarter. That beat the average analyst estimate by 43 percent, according to Bloomberg data.

Lazard Ltd. (LAZ US): The investment bank led by Bruce Wasserstein said some shareholders agreed to sell 5.22 million shares in an underwritten public offering. Lazard won’t receive any proceeds from the sale.

Ramco-Gershenson Properties Trust (RPT US): The owner of shopping centers reduced its earnings forecast, saying it expects $1.86 a share at most this year. The company had previously anticipated at least $2.21.

Vivus Inc. (VVUS US): The developer of drugs for sexual dysfunction and obesity said it will announce the results from the Equip and Conquer Qnexa phase 3 obesity clinical trials before the market opens.

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




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