Unusual Moves Likely (ADCT, KO, LNC, ERTS, HAR, SRX)

Recent Articles by Ed Liston

Company News

Earnings

Pre-Market Outlook

Guidance

Markets

Bloomberg reports that the shares of six companies may show unusual trading movements. ADC Telecommunications (NASDAQ: ADCT) shares rose to $5.62 after the company announced that it had earned 10 cents per share in the first quarter, while analysts had only expected ADC to break even.

Coca Cola (NYSE: KO), the world’s largest soft-drink maker, saw its shares rise to $53.49. Coca Cola’s profits met analyst estimates, being largely driven by increased volumes in India and China. Meanwhile, Electronic Arts (NASDAQ: ERTS) plunged by more than 8% as ERTS announced a 2011 profit forecast that trailed most estimates.

Audio systems maker Harman International (NYSE: HAR) reported a profit of 40 cents per share which is five times the average analyst estimate, while Lincoln National (NYSE: LNC) missed the sales estimates by 5.1%. Lincoln National reported 4Q sales of $2.40 billion. SRA International (NYSE: SRX) upped 2010 forecasts on the grounds that it expected to earn up to $1.29 per share.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.