FTI Consulting, Family Dollar, US Airways, State Street among big market movers Wednesday

Wednesday, July 7, 2010

FTI Consulting, Family Dollar among big movers

NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:


FTI Consulting Inc., down $11.13 at $32.14

Shares hit a two-and-a-half-year low after the consultancy cut its 2010 forecast below Wall Street analyst estimates.

Family Dollar Stores Inc., down $3.18 at $36.26

The retailer’s quarterly profit jumped 19 percent, but its earnings guidance disappointed as the CEO said consumers remained wary.

State Street Corp., up $3.29 at $36.63

The bank said it expects to report net income of 87 cents per share for the second quarter, which would top analysts’ expectations.

Skilled Healthcare Group Inc., down $4.70 at $1.52

A jury returned a verdict awarding damages of $671 million against the nursing facility operator, which had revenue of $760 million in 2009.

AES Corp., up 96 cents at $9.86

The power company said that it may spend as a $500 million to buy back shares this year.

US Airways Group Inc., up $1.24 at $9.32

The airline said June passenger revenue for each available seat mile rose about 22 percent compared with June 2009.


Affymetrix Inc., down $1.51 at $4.04

The genetic testing technology maker cut its revenue guidance for the second quarter below analyst expectations.

Smith Micro Software Inc., up 50 cents at $9.27

An analyst said the decline in the wireless software maker’s stock price made shares attractive, and he raised earnings estimates.

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