Economic Calendar

Wednesday, March 9, 2011

Boston Beer, Ciena, Finisar, JDS Uniphase: U.S. Equity Preview

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Shares of the following companies may have unusual moves in U.S. trading.

AeroVironment Inc. (AVAV) : The maker of low-flying drones for U.S. military forces reported fiscal third-quarter profit of 52 cents a share excluding some items, beating the average analyst estimate by 37 percent.

Boston Beer Co. (SAM US): The maker of Samuel Adams lager said 2011 profit will be as low as $3.45 cents a share, compared with a prior forecast of $3.95 a share.

Diamond Foods Inc. (DMND) : The nut processor and distributor said 2011 profit will be as low as $2.45 a share versus the average analyst estimate of $2.51.

Finisar Corp. (FNSR) : The maker of fiber-optic transmission gear said it won’t earn more than 35 cents a share excluding some items in the fourth quarter, missing the average analyst estimate of 48 cents.

Other makers of networking equipment may move, including JDS Uniphase Corp. (JDSU) , Ciena Corp. (CIEN) , Infinera Corp. (INFN) , Oclaro Inc. (OCLR) and Oplink Communications Inc. (OPLK) .

Texas Instruments Inc. (TXN) : The largest analog chipmaker narrowed its first-quarter profit estimate to 56 cents to 60 cents a share from 54 cents to 62 cents. The average analyst estimate in a Bloomberg survey was 59 cents.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.




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