LXK, NUVA, PNFP, RCRC, TCB, YHOO, NITE, AMB Popular Stocks
U.S. stocks traded lower Wednesday, with the Dow Jones Industrial Average down 0.47% to 9995, the S&P 500 slipped 0.59% to 1085 and the Nasdaq Composite declined 0.43% to 2155.
JPMorgan boosted its rating on Lexmark International Inc. (NYSE:LXK, $28.04, +$1.88, 7.19%) to neutral from underweight following the printer maker’s third-quarter results. The firm said fundamentals appear to have stabilized, and it believes the combination of moderating declines in supplies and a potential channel fill over the next six to nine months should improve the company’s optics story.
NuVasive Inc. (NASDAQ:NUVA, $41.52, -$2.29, -5.23%) shares declined even though the medical-device company swung to a third-quarter profit and posted surging revenue and fewer charges. The company again boosted its 2009 guidance.
While Pinnacle Financial Partners Inc.’s (NASDAQ:PNFP, $12.58, +$0.70, +5.85%) third-quarter loss was wider than analysts were projecting, shares rose as revenue was slightly better than expected.
RC2 Corp. (NASDAQ:RCRC, $15.90, +$1.30, 8.90%) boosted its full-year view and reported third-quarter earnings above Street expectations. The company said on a conference call it’s seeing better trends and more stability in the preschool, youth and adult business.
TCB Financial Corp. (NYSE:TCB, $13.02, -$1.30, -9.08%) reported third-quarter earnings that fell short of Street estimates. The bank said high unemployment, an increase in consumer defaults and softness in spending continued to pressure its earnings.
Yahoo Inc.’s (NASDAQ:YHOO, $17.65, +$0.48, 2.80%) third-quarter earnings more than tripled despite a double-digit revenue decline, as the company reported smaller unusual charges.
Knight Capital Group Inc.’s (NASDAQ:NITE, $18.11, -$3.68, -16.89%) third-quarter earnings declined a bigger-than-expected 19% amid lower margins and despite more market share gains and rising volume.
AMB Property Group (NYSE:AMB, $23.22, +$0.81, 3.61%) reported third-quarter revenue and funds from operations that easily topped Street estimates. The warehouse owner narrowed and increased its 2009 FFO guidance and also projected a smaller year loss than previously expected.
Related Posts
