Stocks in the news: Hain Celestial, Transocean, Blue Coat Systems
Hain Celestial Inc. (HAIN) reported disappointing fourth quarter earnings and gave lackluster earnings guidance. The largest maker of organic foods was hurt by lower exchange rates and foreign exchange rates. Shares fell 9 percent after the company said 2010 earnings would be below Wall Street expectations.
Transocean Ltd. (RIG) yesterday said it was awarded a $241 million, 455-day contract for the ultra-deepwater semisubmersible rig Sedco Express with a subsidiary of Noble Energy Inc. (NBL). Shares fell in trading yesterday.Bluecoat Systems Inc. (BCSI) reported a first quarter profit of $4 million, or 9 cents per share, for the three months ended July 31, compared with a loss of $6 million, or 15 cents per share, in the first quarter of fiscal 2009. Excluding one-time items, profit at the security software provider was 23 cents, beating Wall Street estimates by one penny, according to Bloomberg News.
Myriad Genetics Inc. (MYGN) reported earnings that beat analysts' estimates by 60 percent. Shares of the maker of a widely used test to detect inherited breast cancer also rose following an upgrade.
Williams-Sonoma Inc. (WSM) rose sharply after the cooking gear retailer posted better-than-expected earnings, boosting optimism about the rebound in consumer optimism.