Company/EPS Estimate
- (ANN)/.60
- (JBX)/.38
Aecom Technology Corp. (ACM): The architectural and engineering company was recommended by CNBC host Jim Cramer, who said it will perform well in a declining market because its biggest customers are ``strong'' and ``solvent'' governments. Aecom shares lost 48 cents, or 1.6 percent, to $29.55 yesterday.
ArcelorMittal (MT) rose $1.12 to $70.67 before the official open of U.S. exchanges. The world's largest steelmaker had its share price estimates raised 15 percent to EU55 ($80.26) at JPMorgan.
China Digital TV Holding Co. (STV): China's largest supplier of smart cards for digital TV access said fourth-quarter revenue would be $15.5 million to $17.5 million. China Digital shares gained $2.73, or 7.6 percent, to $38.59 yesterday.
E-House China Holdings Ltd. American depositary receipts (EJ): The Shanghai-based real estate services company said fourth- quarter revenue will be between $46 million to $49 million. The average estimate of three analysts surveyed by Bloomberg is $44 million. E-House shares fell 87 cents, or 3 percent, to $28.65 yesterday.
Entravision Communications Corp. (EVC): The Spanish- language broadcaster said it's pursuing strategic alternatives for its outdoor advertising division. The shares declined 6 cents to $6.77 yesterday.
Hewlett-Packard Co. (HPQ) added $1, or 2 percent, to $49.90. The world's largest maker of personal computers, was raised to ``overweight'' from ``equal weight'' at Morgan Stanley with a price estimate of $60.
J.C. Penney Co. (JCP) gained 67 cents, or 1.5 percent, to $45. The third-largest U.S. department-store company was raised to ``neutral'' from ``underperform'' at Credit Suisse.
Kohl's Corp. (KSS): The fourth-largest U.S. department- store company said third-quarter profit declined for the first time in 3 1/2 years and the company lowered its profit forecast for the year as sales growth slowed. Kohl's shares declined 46 cents, or 0.9 percent, to $48.92 yesterday.
Progressive Corp. (PGR): The third-largest U.S. auto insurer said it's cutting more than 300 jobs, the majority of them in information technology. The stock fell 45 cents to $18.96 yesterday.
Salesforce.com Inc. (CRM): The biggest seller of Internet-based customer-management software said revenue in the next fiscal year will be $1 billion to $1.02 billion. Analysts, on average, anticipated $1.02 billion, according to a Bloomberg survey. The shares declined $1.21, or 2.3 percent, to $50.79 yesterday.
Tyco Electronics Ltd. (TEL): The world's biggest maker of electrical relays and connectors forecast profit from continuing operations excluding some items for fiscal 2008 at $2.40 to $2.50 a share. That's more than the $2.36 average estimate of analysts polled by Bloomberg. Tyco shares gained 60 cents, or 1.9 percent, to $33.10 yesterday.
Watch MA, STP, RBN, UIC, CVS for long breakouts.Watch HD, COF, STI, HAR, MTB, STU for short breakdowns.
-MM
