(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)
