Economic Calendar

Thursday, October 29, 2009

Akamai, First Solar, LSI, Symantec, XL: U.S. Equity Preview

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By Lu Wang

Oct. 29 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Akamai Technologies Inc. (AKAM US): The provider of software that makes Web sites load faster said it expects sales of at least $217 million in the fourth quarter. That exceeded the average estimate of $212.1 million from analysts in a Bloomberg survey.

First Solar Inc. (FSLR US): The world’s largest maker of thin-film solar power modules reported sales of $480.9 million in the third quarter, trailing the average analyst estimate by 9.3 percent, according to Bloomberg data.

Flowserve Corp. (FLS US): The maker of pumps and valves reduced the high end of its 2009 profit forecast, predicting $7.50 a share at most. The company had previously expected as much as $7.75.

LSI Corp. (LSI US): The computer-chip maker said that, excluding some items, it expects to earn at least 7 cents a share in the fourth quarter. That beat the 6-cent average estimate from analysts in a Bloomberg survey.

Symantec Corp. (SYMC US): The biggest maker of security software reported second-quarter profit that topped analysts’ estimates after winning back customers from competitors and adding new business users.

XL Capital Ltd. (XL US): The Bermuda-based business insurer posted profit excluding some items of 89 cents a share in the third quarter, beating the 63-cent average estimate of analysts surveyed by Bloomberg.

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




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