6 Super Hot Stocks Moving Markets: DuPont Drops 5%, Waste Mgt Increases Dividend, and Blue Coat Systems Jumps 44%
Shares of DuPont (NYSE:DD) fell more than 5% before the opening the bell. The company lowered its full 2011 earnings guidance. “We are seeing slower growth in certain segments during the fourth quarter, driven by global economic uncertainty. This uncertainty is contributing to ongoing conservative cash management in some supply chains,” said Chief Executive Ellen Kullman.
Waste Management Inc. (NYSE:WM) is climbing .90% early Friday. The company announced plans to raise its quarterly dividend by 4.4%. “Our strong and steady cash flow allows us to return capital to our shareholders, and our dividend is an important part of our capital allocation plan,” said Chief Executive David P. Steiner.
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Toyota Motor Corp. (NYSE:TM) is edging lower after cutting its fiscal-year profit outlook by 54%. The reduction was due to the massive flooding in Thailand. The company now expects operating profit to be 200 billion yen, down from its previous 450 billion yen estimate. Competitors include: Ford (NYSE:F) and General Motors (NYSE:GM).
Texas Instruments Inc. (NYSE:TXN) is down 5% in early trading. Late Thursday, the company lowered its expected ranges for revenue and earnings per share. Texas Instruments now expects revenue between $3.19-$3.33 billion, compared to previous estimates of $3.26-$3.54 billion. Earnings per share is expected to be $0.21-$0.25, compared to the prior range of $0.28-$0.36.
Shares of Blue Coat Systems Inc. (NASDAQ:BCSI) are up more than 44% after agreeing to be bought out by investor group Thoma Bravo for $1.3 billion. Shareholders will receive $25.81 for each share of the company’s stock they own.
Flow International Corp (NASDAQ:FLOW) is popping nearly 30% after reporting strong quarterly results. Operating income was $5.2 million for the quarter ending October 31, compared to only $0.9 million in the same quarter last year.