Economic Calendar

Friday, October 2, 2009

Accenture, BB&T, First Solar, Immucor, PNC: U.S. Equity Preview

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By Lu Wang

Oct. 2 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Accenture Plc (ACN US): The world’s second-largest technology-services company forecast revenue for this quarter and for fiscal 2010 that missed analysts’ estimates as the economic slump crimped consulting sales.

First Solar Inc. (FSLR US): The world’s largest maker of thin-film solar power modules was picked to replace Wyeth (WYE US) in the Standard & Poor’s 500 Index on a date to be determined later, according to S&P.

Glimcher Realty Trust (GRT US): The owner of shopping centers said the agreement for the sale of its Lloyd Center property, a regional mall located in Portland, Oregon, to Merlone Geier Partners IX L.P. has been terminated.

Immucor Inc. (BLUD US): The maker of products used in blood screening reported profit excluding some items of 32 cents a share in the first quarter, topping the average analyst estimate by 28 percent.

Murphy Oil Corp. (MUR US): The oil producer and refiner said it purchased a corn-based ethanol plant located in Hankinson, North Dakota, for $92 million.

PNC Financial Services Group Inc. (PNC US): The fifth- largest U.S. bank by deposits was cut to “underperform” from “market perform” at Keefe, Bruyette & Woods Inc., which said the stock’s valuation “looks full.”

Keefe Bruyette raised BB&T Corp. (BBT US) and U.S. Bancorp (USB US) to “outperform.”

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




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