FTI Consulting, Family Dollar, US Airways, State Street among big market movers Wednesday
By APWednesday, 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:
NYSE
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.
NASDAQ
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.
