HEADLINE STOCKS-Some U.S. stocks on the move on Feb. 19
(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)
© Thomson Reuters 2009 All rights reserved


