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7 years ago
HEADLINE STOCKS-U.S. small/midcap stocks on the move on March 1
March 1, 2010 / 3:42 PM / 7 years ago

HEADLINE STOCKS-U.S. small/midcap stocks on the move on March 1

2 Min Read

PERFECT WORLD CO LTD PWRD.O, $36, down 9 pct

The Chinese online game developer posted a quarterly profit that missed analysts' estimates. [ID:SGE6200CK]

SHANDA INTERACTIVE ENTERTAINMENT SNDA.O, $41.6, down 8 pct

China's No. 2 online game company posted record revenue but its quarterly profit was still its weakest in three quarters, reflecting intense competition in China's online game market. [ID:nTOE61N07R]

SCIENTIFIC GAMES (SGMS.O), $15.83, down 6 pct

The lottery operator posted a surprise fourth-quarter loss. [ID:SGE6200DQ]

ARMSTRONG WORLD INDUSTRIES INC (AWI.N), $34.16, down 7 pct

The building products company reported a lower-than-expected quarterly profit, hurt by lower sales volumes, and forecast 2010 profit below Wall Street expectations. [ID:nSGE6200CO]

COMMERCIAL METALS Co (CMC.N), $15.38, down 6 pct

The company said it would exit its joist & deck business. [ID:nWEN0966]

ASIAINFO HOLDINGS INC ASIA.O, $25.59, up 9 pct

Goldman Sachs upgraded it to "buy" from "neutral" and added the stock to its conviction buy list citing a robust growth outlook and potential accretion from the company's acquisition of Linkage Technologies International Holdings Ltd. [ID:nWNAB3276] (Reporting by Mansi Dutta in Bangalore)

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