Monday, June 11, 2007

Alliance One, Jamba, Massey, Take-Two: U.S. Equity Preview

June 12 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed yesterday. Stock symbols are in parentheses after company names.

Alliance One International Inc. (AOI) increased 47 cents, or 4.7 percent, to $10.46 in trading yesterday after the official close of U.S. markets. The tobacco grower expects to exceed its earnings guidance of 25 cents to 32 cents a share for the fiscal year that ended March 31.

American Commercial Lines Inc. (ACLI US) fell $3.93, or 14 percent, to $24.97 in extended trading yesterday. The operator of barges and ship-repair facilities said it will earn $1.45 to $1.65 a share this year, down from an earlier forecast of as much as $1.95.

Cyberonics Inc. (CYBX US) declined $1.44, or 8 percent, to $16.50 in after-hours trading yesterday. The medical-device maker said its fiscal fourth-quarter loss widened to 42 cents a share from 17 cents a year earlier. The stock rose 8 cents to $17.94 in regular trading.

Ditech Networks Inc. (DITC US): The maker of voice processing equipment for telecommunications networks announced Edwin L. Harper as board chairman. The company split the positions of chairman and chief executive officer. The shares gained 5 cents to $7.66 in regular trading yesterday.

Dow Jones & Co. (DJ US): The newspaper publisher said the Wall Street Journal's advertising revenue fell 3.4 percent in May because of declines in technology, general and classified ads. By volume, ads at the newspaper decreased 7.3 percent, Dow Jones said. The stock fell 21 cents to $60.21 in regular trading.

Jamba Inc. (JMBA US) gained $1, or 10 percent, to $11 in after-hours trading yesterday. The owner of Jamba Juice stores said first-quarter net income was 20 cents a share, compared with a loss of $3.88 a share a year earlier.

Massey Energy Co. (MEE US) declined 50 cents, or 1.8 percent, to $27 in after-hours trading yesterday. The fourth- largest U.S. coal producer will remain an independent public company after completing a strategic review process with Goldman Sachs Group Inc.

Rubio's Restaurants Inc. (RUBO US): The owner and operator of Rubio's Baja Grill restaurants named Frank Henigman as chief financial officer. Henigman has been acting CFO since May. Shares of Rubio's declined 22 cents to $11.05 in regular trading yesterday.

Sunstone Hotel Investors Inc. (SHO US): The owner of Hiltons, Hyatts and other hotel brands said it would repurchase as much as $100 million of stock, which is about 5 percent of outstanding shares. Sunstone shares declined 8 cents to $28.68 in regular trading yesterday.

Texas Instruments Inc. (TXN US) fell 71 cents, or 2 percent, to $35.08 in extended trading yesterday. The world's biggest maker of mobile-phone chips said its second-quarter sales and profit won't reach the high end of its previous estimates as a slump in handset demand continues. Sales will be $3.36 billion to $3.51 billion, compared with an estimate of $3.32 billion to $3.6 billion two months earlier.

Take-Two Interactive Software Inc. (TTWO US) rose 21 cents, or 1.1 percent, to $19.15 in extended trading yesterday. The maker of the ``Grand Theft Auto'' video games reported a second- quarter loss and said the company will consolidate some businesses to reduce costs. Excluding some items, the company had a loss of 41 cents a share, narrower than the 56-cent average estimate from analysts in a Bloomberg survey.

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