Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.
Alexander & Baldwin Inc. (ALEX) : Bill Ackman’s Pershing Square Capital LP reported a stake of about 9.9 percent in the parent of ocean-transport company Matson Navigation and plans to start talks with the company, according to a regulatory filing.
Brown & Brown Inc. (BRO) : The family-run insurance broker agreed to buy First Horizon National Corp. (FHN US). The deal is likely to close in late April, according to a statement.
Cascade Corp. (CASC) : The maker of equipment for forklifts posted fourth-quarter earnings that fell short of the average analyst estimate, Bloomberg data show.
Christopher & Banks Corp. (CBK) : The Minnesota-based women’s clothing retailer said its fourth-quarter loss will be at least 41 cents a share, wider than the average analyst projection for a loss of 31 cents, according to a Bloomberg survey.
Exfo Inc. (EXFO) : The maker of equipment for the telecommunications industry said third-quarter revenue will be no more than $72 million. Analysts project $73.2 million on average, Bloomberg data show.
GameStop Corp. (GME) : The world’s largest video-game retailer said it is buying Spawn Labs, a streaming technology company, and has an agreement to buy Impulse Inc., a digital distribution business.
Global Payments Inc. (GPN) : The provider of card- processing services increased the bottom range of its annual revenue forecast to $1.8 billion to match the average forecast of analysts surveyed by Bloomberg. Earnings may be as low as $2.70 a share, compared with the average projection of $2.75 a share.
Krispy Kreme Doughnuts Inc. (KKD) : The doughnut chain posted fourth-quarter sales that fell short of the average of analyst estimates, Bloomberg data show. The company also reiterated its 2012 forecast for operating income.
Resources Connection Inc. (RECN) : The provider of legal and accounting services said third-quarter net income was 2 cents a share, falling short of the average analyst estimate of 6 cents, according to Bloomberg data. Revenue also missed projections.
Xyratex Ltd. (XRTX) : The provider of data storage and network technology said it will earn 6 cents a share at most in the second quarter. Analysts projected a profit of 27 cents a share, Bloomberg data show.
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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