By Emily Schmitt
Jan. 27 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses. Prices are as of 7:45 a.m. in New York.
Altera Corp. (ALTR US): The maker of programmable semiconductors reported fourth-quarter profit excluding some items of 34 cents a share. The average estimate of analysts surveyed by Bloomberg was 29 cents.
Amazon.com Inc. (AMZN US) rose 1.7 percent to $121.51. The world’s biggest online retailer was raised to “buy” from “hold” at Kaufman Brothers LP.
BlackRock Inc. (BLK US): The world’s biggest money manager reported fourth-quarter profit excluding some items of $2.39 a share, beating the average analyst estimate by 15 percent, as last month’s purchase of Barclays Global Investors lifted fee revenue and investors poured $82 billion into funds.
Berkshire Hathaway Inc. (BRK/B US) gained 7.4 percent to $73.01. Billionaire Warren Buffett’s insurance and investment company was picked to join the Standard & Poor’s 500 Index, the benchmark for U.S. stocks that investors with about $1 trillion in assets mimic.
DeVry Inc. (DV US): The for-profit college reported second- quarter profit excluding some items of $1 a share, beating the average analyst estimate by 21 percent.
Gilead Sciences Inc. (GILD US) rose 5.9 percent to $47.50. The drugmaker reported fourth-quarter profit of 93 cents a share, beating the average analyst estimate by 10 percent, on demand for AIDS drugs and surging royalties from the anti-flu treatment Tamiflu.
Nvidia Corp. (NVDA US): The maker of graphics chips that help run video games said it won’t negotiate with Rambus Inc. (RMBS US) after losing a U.S. trade agency decision that it violated three Rambus-owned patents.
Pactiv Corp. (PTV US): The maker of Hefty garbage bags forecast first-quarter adjusted profit of 42 cents a share at most. The average analyst estimate in a Bloomberg survey is for earnings of 51 cents a share.
RF Micro Devices Inc. (RFMD US): The U.S. maker of chips and radio systems for mobile phones reported third-quarter profit excluding some items of 14 cents a share, beating the average analyst estimate by 16 percent.
Yahoo! Inc. (YHOO US) added 3.2 percent to $16.50. The owner of the second most-used Internet search engine in the U.S. reported fourth-quarter sales that topped analysts’ estimates as the online advertising market showed signs of recovery.
To contact the reporter on this story: Emily Schmitt in New York at eschmitt1@bloomberg.net.
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