Economic Calendar

Wednesday, October 28, 2009

Apollo, Chiquita, Illumina, Psychiatric: U.S. Equity Preview

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By Lu Wang

Oct. 28 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Apollo Group Inc. (APOL US): The owner of the University of Phoenix reported said the enforcement division of the Securities and Exchange Commission commenced an informal inquiry into the company’s revenue recognition practices.

Chiquita Brands International Inc. (CQB US): The seller of bananas and other produce said that, excluding some items, it earned 20 cents a share in the third quarter. Analysts, on average, expected the company to post a loss of 15 cents, according to a Bloomberg survey.

By Lu Wang

Oct. 28 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Apollo Group Inc. (APOL US): The owner of the University of Phoenix reported said the enforcement division of the Securities and Exchange Commission commenced an informal inquiry into the company’s revenue recognition practices.

Chiquita Brands International Inc. (CQB US): The seller of bananas and other produce said that, excluding some items, it earned 20 cents a share in the third quarter. Analysts, on average, expected the company to post a loss of 15 cents, according to a Bloomberg survey.

Harris Corp. (HRS US): The maker of military radios boosted its forecast, projecting profit of at least $3.85 a share for the year. The company had previously predicted $3.50 at most.

Illumina Inc. (ILMN US): The maker of equipment to analyze DNA said that, excluding some items, it expects to earn 25 cents a share at most in the fourth quarter. That trailed the 27-cent average estimate from analysts in a Bloomberg survey.

Psychiatric Solutions Inc. (PSYS US): The provider of behavioral-health programs to children reduced its full-year forecast after third-quarter profit missed analysts’ estimates.

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

Harris Corp. (HRS US): The maker of military radios boosted its forecast, projecting profit of at least $3.85 a share for the year. The company had previously predicted $3.50 at most.

Illumina Inc. (ILMN US): The maker of equipment to analyze DNA said that, excluding some items, it expects to earn 25 cents a share at most in the fourth quarter. That trailed the 27-cent average estimate from analysts in a Bloomberg survey.

Psychiatric Solutions Inc. (PSYS US): The provider of behavioral-health programs to children reduced its full-year forecast after third-quarter profit missed analysts’ estimates.

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




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