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BroadSoft, Finisar, Sotheby’s, Westport: U.S. Equity Preview
2012-03-01 09:16:44

Standard & Poor’s 500 Index futures expiring in March fell 0.3 percent to 1,360.20.

BroadSoft Inc. (BSFT) fell 2.4 percent to $35.50. The maker of telecommunications software forecast first-quarter earnings of as little as 17 cents a share, excluding some items, compared with the average analyst estimate of 21 cents.

Finisar Corp. (FNSR) sank 11 percent to $18. The maker of fiber-optic transmission gear said it sees revenue in the fourth quarter of no more than $250 million, missing the average analyst estimate of $255 million.

Sotheby’s (BID) dropped 8.2 percent to $36.10. The publicly traded auctioneer of fine arts and collectibles said fourth quarter profit fell 26 percent as sales slid.

Westport Innovations Inc. (WPRT) added 2.5 percent to $41.50. The developer of natural-gas engine technologies reported a third-quarter loss of 30 cents a share, narrower than the average analyst estimate for a loss of 31 cents.

Zumiez Inc. (ZUMZ) : The retailer said comparable store sales rose 14.2 percent in February, beating the average analyst estimate of 5.3 percent.

To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net

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

http://www.bloomberg.com/news/2012-02-29/broadsoft-finisar-sotheby-s-westport-zumiez-u-s-equity-preview.html





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