Economic Calendar

Thursday, September 8, 2011

Casey’s, Dollar General, Hovnanian, Men’s Wearhouse: U.S. Equity Preview

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By Inyoung Hwang - Sep 8, 2011 4:16 AM GMT+0700

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 5 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in September fell less than 0.1 percent to 1,198.9.

Casey’s General Stores Inc. (CASY) : The Ankeny, Iowa- based operator of convenience stores in the U.S. Midwest reported first-quarter earnings of $1.03 a share, missing the average analyst estimate by 3 cents.

Dollar General Corp. (DG) slid 2.8 percent to $36.09. The biggest dollar store chain in the U.S. said in a regulatory filing holders will sell 25 million shares. The Goodlettsville, Tennessee-based company won’t receive any proceeds from the sale.

Hovnanian Enterprises Inc. (HOV) climbed 4.2 percent to $1.72. The largest homebuilder in New Jersey said its loss in the third-quarter was 47 cents a share, less than the 51-cent loss estimated by analysts on average.

Men’s Wearhouse Inc. (MW) declined 1.1 percent to $29.19. The retailer of men’s suits and attire forecast third- quarter adjusted earnings of as little as 64 cents a share, matching the average analyst estimate.

Smith & Wesson Holding Corp. (SWHC) : The handgun manufacturer forecast sales in the second quarter of no more than $96 million, falling short of the average analyst estimate of $107.5 million.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net.

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



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