French Stocks: Alstom, Audika, Casino, Renault, Valeo Move

By Sarah Jones

Jan. 19 (Bloomberg) -- France’s CAC 40 Index declined 18.90, or 0.5 percent, to 3958.56 at 9:15 a.m. in Paris. The SBF 120 Index also lost 0.5 percent.

The following is a list of shares that rose or fell in Paris. Stock symbols are in parentheses.

Alstom SA (ALO FP) dropped 1.92 euros, or 3.6 percent, to 52.17 euros, snapping a four-day advance. The world’s second- largest train maker reported third-quarter sales that fell short of analysts’ estimates and said the timing for future bookings remains uncertain.

Audika SA (ADI FP) increased 99 cents, or 3.9 percent, to 25.40 euros, a third straight gain. Europe’s second-largest hearing-aid distributor said fourth-quarter sales rose 10.4 percent to 34.2 million euros ($49.3 million).

Casino Guichard-Perrachon SA (CO FP) slid 1.04 euros, or 1.7 percent, to 61 euros as CA Cheuvreux downgraded the biggest operator of supermarkets in Paris to “underperform” from “outperform.” The company posted a 2.2 percent gain in fourth- quarter sales to 7.32 billion euros, missing estimates.

Renault SA (RNO FP) fell 74 cents, or 1.9 percent, to 38.54 euros after Nomura Holdings Inc. cut its recommendation for France’s second-largest carmaker to “neutral” from “buy.”

Valeo SA (FR FP) added 34 cents, or 1.3 percent, to 25.99 euros as Nomura upgraded the country’s second-biggest auto-parts supplier to “neutral” from “reduce.”

To contact the reporters on this story: Sarah Jones in London at sjones35@bloomberg.net.