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Costamare, FuelCell, Herman Miller: U.S. Equity Preview
2012-03-22 09:47:39

 

Standard & Poor’s 500 Index futures expiring in June were unchanged at 1,397.50.

Costamare Inc. (CMRE) fell 9 percent to $14.10. The Athens, Greece-based owner of container ships said it will sell 7.5 million shares in a secondary public offering, and may use the proceeds to acquire vessels and repay debt

FuelCell Energy Inc. (FCEL) tumbled 18 percent to $1.44. The manufacturer of fuel-cell power plants said it will sell shares in a public offering without specifying the amount, and that it will use the proceeds for growth capital and general corporate purposes.

Herman Miller Inc. (MLHR) slipped 1 percent to $21.68. The maker of ergonomically designed furniture reported third- quarter sales of $399.8 million, falling short of the average analysts’ estimate of $409.7 million.

Shoe Carnival Inc. (SCVL) rose 7.5 percent to $28.50. The footwear retailer forecast first-quarter sales of at least $219 million, exceeding the average analyst estimate of $207.3 million.

Sonic Corp. (SONC) : The operator of drive-in restaurants reported second-quarter earnings of 3 cents a share, beating the average analyst estimate by 1 cent.

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/2012-03-21/costamare-fuelcell-herman-miller-u-s-equity-preview.html





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