Company/EPS Estimate
- (DSW)/.35
- (BTH)/.12
- (CVI)/.13
Collective Brands Inc. (PSS): The company formerly known as Payless ShoeSource Inc. reported third-quarter profit, excluding some items, of 51 cents a share, more than the 36-cent average estimate of analysts. Collective Brands shares lost 25 cents, or 1.6 percent, to $15.09 yesterday.
Chico's FAS Inc. (CHS): The women's casual-clothing retailer said fourth-quarter earnings would be approaching break- even level. That's lower than the 7-cent average profit estimate of analysts. Chico's shares added 12 cents, or 1.1 percent, to $11.50 yesterday.
CommScope Inc. (CTV): The maker of gear for communications companies such as AT&T Inc. raised its fourth- quarter forecast for sales and profit because of ``positive trends'' in sales, orders and operations. CommScope shares dropped 51 cents, or 1.3 percent, to $40.19 yesterday.
Electronic Data Systems Corp. (EDS): The second-biggest provider of computer services said its board approved as much as $1 billion in stock buybacks. Electronic Data shares slipped 8 cents, or 0.4 percent, to $19.89 yesterday.
Fannie Mae (FNM) dropped 63 cents, or 1.8 percent, to $34.55 in trading before the official open of U.S. exchanges. The largest source of money for U.S. home loans plans to sell $7 billion of non-convertible preferred stock to bolster capital eroded by credit losses from the housing slump, the company said in an e-mail. Fannie Mae said it also will cut its dividend to 35 cents a share from 50 cents. Fannie was cut to ``underperform'' at Credit Suisse and to ``neutral'' at Piper Jaffray & Co.
Smaller rival Freddie Mac (FRE), which was also downgraded at Credit Suisse, slid 4 cents to $32.27.
Guess? Inc. (GES) gained $3.51, or 8.1 percent, to $46.99. The clothing maker that has more than doubled in the past two years reported third-quarter earnings that rose more than analysts estimated and boosted its annual profit forecast. Net income increased to 62 cents a share from 48 cents, Guess said in a statement. Analysts estimated the company would earn profit of 58 cents, according to the average of 11 projections.
Medtronic Inc. (MDT): The company has received a U.S. request for documents related to payments made to doctors and hospitals purchasing heart devices. The U.S. Attorney's Office for the Eastern District of Pennsylvania asked for the documents on Oct. 31, Medtronic said in a filing with the Securities and Exchange Commission. Medtronic lost 4 cents to $50.54 yesterday.
Prudential Financial Inc. (PRU): The second-largest U.S. life insurer said its subprime holdings will keep their value and the company will repurchase at least $3.5 billion of stock in both 2009 and 2010. Prudential added 49 cents to $93.76 yesterday.
Watch KO, MBT, WAT, SCG, PNW for long breakouts.Watch C, MER, MS, DOW, STU for short breakouts.
-MM
