HEADLINE STOCKS-Some U.S. stocks on the move on Feb. 11
(Updates to after the open)
NEW YORK, Feb 11 (Reuters) - Some U.S. stocks on the move on Wednesday:
RESEARCH IN MOTION (RIM.TO) (RIMM.O)
The tech company, which manufactures the BlackBerry smart phone, forecast revenue for its current quarter at or near the mid-point of its previously guided range. It also expects to top its earlier subscriber outlook by 20 percent. [ID:nN11352604]
U.S.-listed shares of the company tumbled 11 percent to $50.72.
REYNOLDS AMERICAN (RAI.N)
Shares of the tobacco company rose 4.6 percent to $40.63 after it reported fourth-quarter earnings that beat expectations. [ID:nN11460347]
DEAN FOODS (DF.N)
Shares of the company rose 6.7 percent to $19.55 after it reported fourth-quarter earnings that beat expectations and forecast full-year earnings growth. [ID:nN11531524]
TOLL BROTHERS INC (TOL.N)
The luxury homebuilder on Wednesday forecast a decline of 51 percent in its first-quarter home-building revenue. It also said that it signed 423 gross contracts in its quarter ended Jan. 31, a fall of 53 percent from the year-ago period. The average size of the contracts was also down. [ID:nBNG388420]
Shares of Toll Brothers slid 3.2 percent to $17.98.
INGERSOLL-RAND (IR.N)
The company, which makes security systems and refrigeration equipment, on Wednesday reported its fourth-quarter results and gave a 2009 outlook where the midpoint was above consensus. [ID:nN10282043]
Shares of the company surged 8.8 percent to $16.78.
MARSH & MCLENNAN (MMC.N)
The insurance broker reported an increase of 54 percent in its adjusted fourth-quarter earnings, though revenue slid 9 percent. [ID:nN11348462]
Shares of the company surged 13 percent to $21.11.
SIRIUS XM RADIO (SIRI.O)
Satellite mogul Charles Ergen has offered to inject several hundred million dollars of capital into Sirius XM Radio, boosting the radio company's capital level and restructuring its debt, according to newspaper reports. Ergen won't be buying out existing shareholders, the Wall Street Journal Reported. [ID:nN10305535]
Shares of the company plummeted 39 percent to 7 cents.
AMERICAN INTERNATIONAL GROUP (AIG.N)
AIG is in talks to sell its U.S. auto insurance unit to Zurich Financial Services, according to a source familiar with the matter. The division is expected to get as much as $2 billion, the source said.
Both AIG and Zurich, a Swiss insurance company, declined to comment. [ID:nN10319098]
Shares of AIG rose 3.3 percent to 95 cents.
VNUS MEDICAL TECHNOLOGIES INC (VNUS.O)
The company posted better-than-expected quarterly results, helped by higher sales of its catheters and medical devices and growth in international markets, and forecast 2009 revenue above analysts' estimates. [ID:nBNG387818]
Shares of the company rose 8.4 percent to $18.02.
CERNER CORP (CERN.O)
Healthcare information-technology company Cerner Corp posted better-than-expected quarterly results, helped by the large size and geographic diversity of its client base. [ID:nBNG378250]
Shares of the company rose 2.6 percent to $37.04.
ATMEL CORP (ATML.O)
Chipmaker Microchip Technology Inc (MCHP.O) terminated its
bid to buy Atmel Corp, citing a deepening downturn in the
semiconductor industry. [ID:nBNG380128]
Shares of Atmel fell 6.5 percent to $3.45.
VIASAT INC (VSAT.O)
ViaSat Inc, which provides satellite and other wireless networking systems, reported third-quarter revenue below Wall Street estimates, hurt by a drop in sales of consumer broadband products. [ID:nBNG353538]
Shares of the company rose 5.6 percent to $20.22.
QUEST SOFTWARE INC (QSFT.O)
Quest Software Inc, which develops enterprise systems management software, posted better-than-expected quarterly results, helped by a 24 percent jump in service revenue and tighter cost controls. [ID:nBNG383368]
Shares of the company rose 3.1 percent to $12.85.
WATER TECHNOLOGIES INC (WTS.N)
Plumbing products supplier Watts Water Technologies Inc posted lower-than-expected quarterly results and said it would close three facilities and cut 400 jobs as the global downturn continues to weaken its markets. [ID:nBNG363115]
Shares of the company fell 5.5 percent to $19.75. (Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)
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