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Crocs, Deckers, OmniVision, Salesforce.com: U.S. Equity Preview
2012-02-24 10:46:56

Standard & Poor’s 500 Index futures expiring in March rose less than 0.1 percent to 1,363.20.

American International Group Inc. (AIG) jumped 4.5 percent to $29.25. The bailed-out insurer posted a fourth- quarter profit fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd. Operating profit beat analysts’ estimates.

Crocs Inc. (CROX) sank 12 percent to $17.93. The plastic-clogs maker forecast first-quarter earnings of no more than 26 cents a share, below the 30-cent profit estimated by analysts on average.

Deckers Outdoor Corp. (DECK) declined 11 percent to $80.61. The maker of Ugg boots and Teva sandals said earnings in 2012 will be unchanged from last year at $5.07 a share, missing the average analyst estimate of $5.80.

Monster Beverage Corp. (MNST) (MNST US) lost 6.7 percent to $51.22. The distributor of energy drinks and fruit juices reported fourth-quarter sales of $410 million, falling short of the average analyst estimate of $411.8 million.

OmniVision Technologies Inc. (OVTI) rallied 13 percent to $18.10. The primary supplier of camera sensors for the iPhone 4S projected fourth-quarter earnings of at least 15 cents a share, exceeding the 12-cent profit predicted by analysts on average.

Salesforce.com Inc. (CRM) advanced 11 percent to $146.12. The largest seller of online customer-management software reported profit and sales that topped analysts’ estimates after the company added features and pushed into social media.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

http://www.bloomberg.com/news/2012-02-23/crocs-deckers-omnivision-salesforce-com-u-s-equity-preview.html





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