HEADLINE STOCKS-Some U.S. stocks on the move on Feb. 19

Thu Feb 19, 2009 9:57am EST
 
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 (Updates to after the open)
 NEW YORK, Feb 19 (Reuters) - Some U.S. stocks on the move
Thursday:
 UBS (UBSN.VX) (UBS.N)
 Swiss bank UBS AG has agreed to pay $780 million to resolve
criminal fraud charges it helped rich Americans evade taxes. It
will also identify certain U.S. clients, which could expose
some customers to scrutiny from the Internal Revenue Service as
well as law enforcement action. Under the settlement, UBS
admitted to helping U.S. taxpayers hide accounts from the IRS.
[ID:nN18464440]
 U.S.-listed shares of UBS rose 5.4 percent to $10.90.
 SPRINT NEXTEL (S.N)
 The mobile service company on Thursday reported an adjusted
quarterly loss that was narrower than expected, though it also
reported a decline in subscribers in the quarter. The company
expects subscriber losses to improve in 2009. [ID:nN19470173]
 Shares of the company rose 20 percent to $3.26.
 NEWMONT MINING (NEM.N)
 The mining company reported fourth-quarter earnings that
beat expectations, lifted by strong gold prices, though revenue
slid 4.8 percent, hurt by a fall in copper revenue.
[ID:nN19398975]
 The stock fell 1.5 percent to $42.15.
 HORMEL FOODS (HRL.N)
 Shares of the food company rose 6.7 percent to $32.47 after
it reported first-quarter earnings that beat expectations and
affirmed its full-year outlook. [ID:nN19446250]
 CVS CAREMARK (CVS.N)
 The drug store chain reported fourth-quarter earnings that
met expectations and revenue growth of 10 percent.
[ID:nN19447150]
 The stock gained 7.7 percent to $29.06.
 EXPEDIA (EXPE.O)
 Shares of the online travel agency fell 11 percent to $7.59
after it reported a net loss on a goodwill impairment charge
stemming from a decline in market capitalization.
[ID:nN19492822]
 REGAL ENTERTAINMENT GROUP (RGC.N)
 The operator of multiscreen cinemas reported fourth-quarter
earnings that missed expectations and revenue that rose from
the prior year. [ID:nN19460530]
 The stock slid 8 percent to $9.48.
 HEWLETT-PACKARD (HPQ.N)
 The computer company cut its full-year outlook late
Wednesday, after it also reported quarterly revenue that missed
expectations. Revenue was hurt by weak sales of printers and
personal computers and services. [ID:nN18450462]
 Hewlett-Packard expects the previous quarter's weak market
conditions to continue, and said exchange rates would continue
to hurt revenue.
 The stock, a Dow component, fell 6.1 percent to $32.
 WALT DISNEY CO (DIS.N)
 The media company said it would consolidate some operations
at its U.S. parks as it attempts to offset the effects of the
economic downturn. The measures will result in job cuts, but
the company didn't say how many would be lost. [ID:nN18319690]
 Shares of Disney, a Dow component, rose 1.3 percent to
$17.90.
 EXACTECH INC (EXAC.O)
 Exactech, a maker of orthopedic implant devices, posted
better-than-expected quarterly profit, helped by higher sales
of its core hip and knee product lines.
 Shares of the company soared 26 percent to $15.99.
 DRESS BARN INC (DBRN.O)
 Women's clothing retailer Dress Barn Inc posted a quarterly
loss, hurt by the current slump in the retail environment, but
reaffirmed its fiscal 2009 earnings forecast. [ID:nBNG420308]
 Shares of the company surged 11 percent to $10.30.
 NUTRISYSTEM INC (NTRI.O)
 Fitness-products company NutriSystem Inc swung to a
fourth-quarter loss weighed by slackening demand for its
products. [ID:nBNG431527]
 Shares of the company fell 8.8 percent to $11.33.
 BIOMARIN PHARMACEUTICAL INC (BMRN.O)
 BioMarin quarterly results missed Wall Street expectations
and forecast 2009 revenue much below analysts' average
estimate. [ID:nBNG434857]
 Shares of the company tumbled 28 percent to $12.64.
 SYNOPSYS INC (SNPS.O)
 Chip-design software maker Synopsys Inc posted
first-quarter results that beat analysts' expectations and
slightly raised its 2009 profit outlook. [ID:nBNG433342]
 Shares of the company rose 4.8 percent to $19.26.
 ITRON INC (ITRI.O)
 Power meter maker Itron Inc posted a quarterly profit that
was in line with analysts' estimates, but forecast
first-quarter revenue below expectations as a weakening economy
sapped demand for its products. [ID:nBNG320600]
 Shares of the company fell 8.5 percent to $48.93.
 (Reporting by Ryan Vlastelica; Editing by James Dalgleish)


 

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