Stocks in Motion: Marsh & McLennan

Stock quotes in this article: MMC , AIG , BOBE , NSDB , MGAM , EMCI  

Updated from 11:23 a.m. EDT

Shares of Multimedia Games(MGAM Quote) were among the Nasdaq's losers Friday after the company warned that fourth-quarter numbers won't meet Wall Street expectations.

The maker of casino games now expects earnings of 22 cents to 24 cents a share on sales of $139.1 million. Previously, the company expected earnings of 37 cents to 42 cents a share. Analysts polled by Thomson First Call had been expecting earnings of 36 cents a share on sales of $147.9 million. Multimedia Games said that lower-than-expected sales of its player terminals led to the shortfall. Shares traded down $2.37, or 16.5%, to $11.98.

Bob Evans Farms (BOBE Quote) fell 6.6% after the company warned that second-quarter earnings would fall short of expectations. The restaurant operator expects earnings of 25 cents to 30 cents a share, which is below analysts' forecast of 40 cents a share. The company said that recently launched customer satisfaction initiatives led to higher food and labor costs during the quarter. Bob Evans plans to release second-quarter earnings results on Nov. 15. Shares traded down $1.70 to $24.26.

Shares of NSD Bancorp (NSDB Quote) rose 52% after the company agreed to be acquired by FNB(FNB Quote) for about $135.8 million in stock. NSD shareholders will receive 1.8 shares of FNB in a stock swap that is worth about $39 a share. The price represents a premium of about 62% to Thursday's closing price of $24.15. The deal, which is expected to close during the first quarter of 2005, will be accretive to FNB's earnings during 2005. Shares of NSD traded up $12.55 to $36.70. Shares of FNB traded down 48 cents to $21.19.

EMC Insurance (EMCI Quote) fell 11.4% after the company announced it would sell 3.8 million shares of its stock at $18.75 a share in a secondary offering. The company will sell 2 million shares in the offering and a selling shareholder, Employers Mutual Casualty, will sell 1.8 million shares. The offering price represents an 11.4% discount to Thursday's closing price of $21.16. Shares traded down $2.41 to $18.75.

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