By Kaitlyn Kiernan - Dec 2, 2011 8:44 PM GMT+0700
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 8:30 a.m. in New York.
Avago Technologies Ltd. (AVGO) erased 1.4 percent to $29.50. The maker of semiconductor components forecast first- quarter sales may fall as much as 14 percent from the fourth quarter. Analysts estimated revenue will slip 5 percent on average.
Big Lots Inc. (BIG) fell 5.6 percent to $37.50. The discount retailer reported third-quarter earnings excluding some items of 6 cents a share, missing the average analyst estimate by 29 percent, according to Bloomberg data.
Groupon Inc. (GRPN US): The largest Internet daily-deal site is being investigated by Britain’s competition regulator over concerns including unfair promotions and exaggerated savings.
H&R Block Inc. (HRB) slid 4.1 percent to $15.40. The biggest U.S. tax preparer reported a second-quarter loss excluding some items of 38 cents a share, missing the average analyst estimate by 9.2 percent, according to Bloomberg data.
Lululemon Athletica Inc. (LULU) rose 3.7 percent to $48.91. The Canadian yoga-wear retailer was raised to “overweight” from “equal weight” at Barclays Plc, which said the shares have declined to an attractive price.
PVH Corp. (PVH) gained 2.8 percent to $69.50. The clothing retailer that owns labels such as Calvin Klein and Tommy Hilfiger forecast 2012 earnings of at least $5.23 a share, up from a previous projection of no more than $5.12 and exceeding the average analyst estimate of $5.11.
Research In Motion Ltd. (RIM) fell 5 percent to $17.65. The BlackBerry maker reported revenue missed its forecast last quarter amid market-share losses to Apple Inc. (AAPL) , signaling its smartphones and tablets are continuing to lose ground.
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) rose 1.5 percent to $69.53. The beauty-products retailer forecast fourth- quarter revenue between $552 million to $562 million. Analysts estimated sales of $558.7 million.
Western Digital Corp. (WDC) climbed 9.4 percent to $32.01. The U.S. maker of disk drives and networking products raised its quarterly revenue forecast to at least $1.8 billion from at most $1.25 billion after rebounding from a flood in Thailand that devastated factories and constrained supplies.
Western Refining Inc. (WNR) jumped 4.3 percent to $13.28. Credit Suisse raised the refineries operator to “outperform” from “neutral.” The 12-month target price is $20.50 a share.
Zumiez Inc. (ZUMZ) surged 11 percent to $26. The retailer forecast fourth-quarter earnings may be as much as 54 cents a share, compared with the average analyst estimate of 52 cents.
To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.
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