Market Update

Shares of GOL Linhas Aereas Inteligentes SA GOL rose about 1.9% after the company reported a 3% y/y rise in its traffic in November. GOL reported that it had 2.63 billion revenue passenger kilometers last month, versus 2.54 billion RPKs, in the year-ago period. GOL's load factor came in at 62.9%, versus 64.7%, in the year-ago period. Shares of Magellan Health Services Inc MGLN rose about 2% after the company issued downbeat profit forecast for the next year. Magellan Health projects a 2012 profit of $3.25 to $3.89 per share, versus analysts' estimates of $4.10 per share. Magellan Health projects net revenue in the range of $3.20 to $3.40 billion, versus analysts' estimates of $3.09 billion. Magellan Health lifted its 2011 earnings per share forecast to $3.75 to $4.36 per share, versus its previous outlook of $3.73 to $4.34 per share. Shares of DuPont DD gained about 2.2% after the company projected 2012 earnings of $4.20 to $4.40 per share, including around $0.17 of additional pension expense. Analysts were expecting 2012 earnings of $4.30 per share. DuPont projected 2012 revenue of $40 billion to $42 billion, versus analysts' estimates of $41.5 billion. Shares of FleetCor Technologies Inc FLT rose about 0.7% after the company acquired AllStar Business Solutions Ltd from Arval Group for around $304 million.