(Updates to afternoon trade, adds FMC, AtriCure, Granite
Construction and Broadcom/Emulex)
NEW YORK, May 5 (Reuters) - Some U.S. stocks on the move on
Tuesday:
KRAFT FOODS INC (KFT.N)
The food company, a Dow component, reported first-quarter
earnings that beat expectations. [ID:nN05387053]
Shares rose 5.5 percent to $25.60.
AMERICAN INTERNATIONAL GROUP INC (AIG.N)
The troubled insurance group is expected to report a
first-quarter loss, though the results aren't seen triggering
another capital injection from the U.S. government, a source
familiar with the matter said late Monday. [ID:nN04457837]
Shares surged 15 percent to $1.68.
CVS CAREMARK CORP (CVS.N)
The drugstore chain reported adjusted first-quarter
earnings that were at the high end of its own outlook.
[ID:nBNG491584]
Shares slid 1 percent to $31.70.
CHURCH & DWIGHT CO INC (CHD.N)
The consumer products company reported first-quarter
earnings that beat expectations and raised its 2009 earnings
outlook. [ID:nBNG219770]
Shares fell 1.6 percent to $55.99.
UBS AG (UBSN.VX)(UBS.N)
The bank said on Tuesday it remained wary on its immediate
outlook, though capital ratios cut the need for a balance sheet
boost. [ID:nL5170687]
U.S.-listed shares fell 2.5 percent to $14.22.
AVON PRODUCTS INC (AVP.N)
The company reported first-quarter results that were weaker
than expected. [ID:nN05455709]
Shares tumbled 9.6 percent to $22.78.
WEYERHAEUSER CO (WY.N)
Shares of the forest products company rose 2.4 percent to
$36.88 after it reported a first-quarter loss that was narrower
than expected. [ID:nN05462008]
FMC CORP (FMC.N)
Shares of the chemical company fell 11 percent to $45.51
after it gave an earnings outlook that was below expectations.
[ID:nN05471384]
BROADCOM CORP (BRCM.O)
EMULEX CORP (ELX.N)
Shares of Broadcom fell 0.6 percent to $23.79 after its bid
for Emulex turned hostile. Shares of Emulex were down 0.8
percent to $10.66. [ID:nN05460459]
GRANITE CONSTRUCTION INC (GVA.N)
Shares of the civil contractor rose 11.9 percent to $44.35
after it reported a surprise quarterly profit. [ID:nBNG331201]
ATRICURE INC (ATRC.O)
Shares of the medical products company soared 93 percent to
$2.70 after it reported adjusted first-quarter results that
were narrower than expected and entered into a new credit
facility. [ID:nBNG338265]
ICONIX BRAND GROUP INC (ICON.O)
Shares of the fashion house fell 2.5 percent to $15.13
after it reported first-quarter results that beat expectations
and raised its 2009 earnings outlook. [ID:nBNG177896]
AUTOMATIC DATA PROCESSING INC (ADP.O)
Shares of the payroll processing company rose 0.7 percent
to $35.10 after it reported third-quarter earnings that met
expectations. [ID:nN05404796]
TENET HEALTHCARE CORP (THC.N)
Shares of the company rose 1.2 percent to $2.53 after it
reported an increase in first-quarter earnings.
[ID:nN05433169]
LEGG MASON INC (LM.N)
Shares of the money manager tumbled 13.5 percent to $19.50
after it reported a quarterly loss and cut its dividend.
[ID:nN05456104]
ARCHER DANIELS MIDLAND CO (ADM.N)
The agricultural processor group reported third-quarter
earnings that missed expectations. [ID:nN05405495]
Shares fell 9.7 percent to $23.64.
EMERSON ELECTRIC CO (EMR.N)
The company reported second-quarter results that fell from
the prior year and missed expectations, though it affirmed its
full-year outlook. [ID:nN04395395]
Shares dipped 2.2 percent to $36.54.
