By Lu Wang
BLOOMBERG NEWS
Shares of the following companies are having unusual moves in U.S. trading this morning.
Acme Packet Inc. (APKT US) added 4.6 percent to $10.31 after rising earlier to $10.99, the highest intraday price since January 2008. The maker of devices to transmit phone calls and video said it had adjusted third-quarter earnings of 9 cents per share, beating the average analyst estimate of 7 cents in a survey by Bloomberg.
Alcatel-Lucent SA (ALU US) slumped 7.9 percent to $3.84 and dropped 8.9 percent earlier, the most intraday since Sept. 2. The world's largest supplier of fixed-line phone networks posted a third-quarter net loss of 182 million euros ($270 million), wider than the 174.4 million-euro loss average of eight estimates compiled by Bloomberg.
American Axle & Manufacturing Holdings Inc. (AXL US) added 6.1 percent to $6.99. The partsmaker that avoided bankruptcy this year posted a third-quarter profit of $19.6 million as it reduced spending on pension and post-retirement benefits.
Aon Corp. (AOC US) lost 7.8 percent to $37.98 and slumped as much as 11 percent, the most intraday since May 1. The world's largest insurance broker posted a 25 percent profit decline as the company spent $99 million on costs tied to its restructuring program and acquisition of Benfield Group Ltd.
Bare Escentuals Inc. (BARE US) climbed 14 percent to $14.21 after jumping earlier to $14.39, the highest
CEC Entertainment Inc. (CEC US) advanced 14 percent to $28.81 and rallied 16 percent earlier, the most intraday since July 2008. The owner of Chuck E. Cheese's restaurants boosted its 2009 forecast, saying it expects to earn as much as $2.67 a share.
CIT Group Inc. (CIT US) dropped 13 percent to 82 cents and sank earlier to 73 cents, the lowest intraday price since July 23. The 101-year-old commercial lender trying to avoid collapse, reached a deal with Goldman Sachs Group Inc. to reduce a $3 billion credit facility to $2.13 billion and keep the line open should CIT file for bankruptcy.
The Goldman Sachs deal was "expensive," CreditSights Inc. analyst Adam Steer said. A bankruptcy filing may come "sometime on Sunday or Monday."
Curtiss-Wright Corp. (CW US) slipped 8.9 percent to $30.77 and slumped 11 percent earlier, the most intraday since December 2008. The maker of precision components for commercial and military systems projected it will have earnings for 2009 of no more than $2.15 a share, lower than the average analyst estimate of $2.37 in a survey by Bloomberg.
Cummins Inc. (CMI US) climbed 4.6 percent to $48.02 and advanced 6.5 percent earlier, the most intraday since Aug. 7. The largest maker of heavy-duty diesel truck engines in North America reported third-quarter profit that topped analysts' estimates by 52 percent after the company cut jobs and slashed inventories.
Estee Lauder Cos. (EL US) gained 9.8 percent to $45.19 and rose earlier to $45.44, the highest intraday price since October 2008. The maker of Clinique and Bobbi Brown cosmetics reported first-quarter profit that topped analysts' estimates after reducing expenses.
Genworth Financial Inc. (GNW US) climbed 10 percent to $11.20 for the second-biggest gain in the Standard & Poor's 500 Index. The life insurer and mortgage guarantor reported its first profit in six quarters on improved investment results. Operating income available to common shareholders, which excludes some investment results, was 18 cents, beating by 15 cents the average estimate of 16 analysts surveyed by Bloomberg.
GFI Group Inc. (GFIG US) declined 19 percent to $5.40 after slumping as much as 20 percent, the most intraday since Feb. 20. The New York-based inter-dealer broker of derivatives and securities posted earnings excluding some items of 6 cents a share in the third quarter, missing the average analyst estimate by 30 percent.
Harman International Industries Inc. (HAR US) rose the most in S&P 500, surging 21 percent to $39.95. The maker of audio systems for homes and vehicles reported a loss of 5 cents per share, better than the average analyst estimate of a 25-cent loss in a Bloomberg survey.
Las Vegas Sands Corp. (LVS US) climbed 8 percent to $15.94. The casino company run by billionaire Sheldon Adelson said Las Vegas convention business is recovering, after collapsing during the recession.
Lincoln Electric Holdings Inc. (LECO US) soared 12 percent to $49.78 and rallied 16 percent earlier, the most intraday since July 2008. The world's largest welding-equipment maker reported adjusted earnings of 63 cents per share, 55 percent better than the average analyst estimate.
Manitowoc Co. (MTW US) slid 6.2 percent to $9.80. The maker of cranes and machinery reported third-quarter sales, adjusted net income and adjusted earnings that missed analysts' estimates. The company reported a quarterly loss of 4 cents a share, compared with the average analyst estimate of 7 cents in profit.
McAfee Inc. (MFE US) had the steepest loss in the S&P 500, declining 7.8 percent to $40.34. The second-biggest maker of security software reported third-quarter sales that fell short of some analysts' estimates as the company took fewer clients from rival Symantec Corp.
MetLife Inc. (MET US) fell 5.4 percent to $34.86 and dropped 6.1 percent earlier, the most intraday since Sept. 1. The biggest U.S. life insurer posted its third straight loss as the bond market rally that helped restore profits at smaller rivals weighed on results.
MicroStrategy Inc. (MSTR US) climbed 17 percent to $85.76 and rallied as much as 25 percent, the most intraday since October 2004. The maker of analytical software for Citigroup Inc. said it had third-quarter earnings of $1.73 per share, 83 percent higher than the average analyst estimate in a Bloomberg survey.
Novatel Wireless Inc. (NVTL US) fell the most in the Russell 2000 Index, plunging 26 percent to $9.02. The maker of wireless data-access cards for personal computers forecast sales of $95 million at most in the fourth quarter. That trailed the average analyst estimate of $95.5 million, according to Bloomberg data.
Stanley Inc. (SXE US) gained 7.6 percent to $27.76 and climbed 13 percent earlier, the most intraday since October 2008. The contractor for the U.S. State Department was raised to "outperform" from "market perform" and its price estimate raised to $34 from $31 at Wells Fargo, which cited better-than- expected third quarter revenue.
Tessera Technologies Inc. (TSRA US) plunged 17 percent to $22.22 and sank 19 percent earlier, the most intraday since Dec. 2. The maker of semiconductor technology predicted fourth- quarter sales of no more than $62 million, missing the average analyst forecast of $68.9 million, according to data compiled by Bloomberg.
Vivus Inc. (VVUS US) added 6.9 percent to $8.32. The Mountain View, California-based drugmaker said it expects to file a new drug application for its Qnexa pill for obesity by the end of the year.
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—With assistance from Mary Childs, Lynn Thomasson and Sapna Maheshwari. Editor: Stephen Kleege
To contact the reporter on this story: Lu Wang in New York at +1-212-617-2564 or lwang8@bloomberg.net
To contact the editor responsible for this story: Nick Baker at +1-212-617-5919 or nbaker7@bloomberg.net.
-0- Oct/30/2009 14:41 GMT



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