10 Stocks to Watch: Caliper, Hovnanian


NEW YORK (TheStreet) -- Caliper Life Sciences (CALP), a provider of imaging and detection solutions for life sciences research, is being bought by scientific instruments provider PerkinElmer (PKI) for about $600 million.

Caliper shares were surging 41.3% to $10.44 in premarket trading Thursday.


Homebuilder Hovnanian Enterprises ( HOV) reported a third-quarter loss of 47 cents a share, narrower than the loss of 50 cents a share that analysts, on average, were expecting.

Shares were gaining 4.9% to $1.73.


Shareholders of discount retailer Dollar General ( DG) are selling 25 million shares of the company's common stock.

Shares were falling 3.2% to $35.95.


Men's Wearhouse ( MW) expects third-quarter sales growth of 3% to 4%, which is in line with estimates. But the company gave above-consensus earnings projections for both the third quarter and full year, saying it expects adjusted earnings of 64 cents to 66 cents a share and $2.13 to $2.20 a share in the respective periods.

The company reported adjusted earnings of $58.3 million, or $1.11 a share, for its second quarter with total sales rising 22% year over year to $655 million, and same-store sales for its namesake brand increasing 10.9%.

The performance topped guidance for adjusted earnings of $1.02 to $1.05 a share, and ahead of the average estimate of analysts polled by Thomson Reuters for a profit of $1.04 a share.

Shares were tumbling 2.4% to $28.80.


General Motors ( GM) said sales in China in August rose 13.4% from a year earlier.

Shares were down 0.9% to $22.65 as general market sentiment dipped on a report that weekly initial jobless claims rose 2,000 to 414,000 hours before President Barack Obama lays out his jobs growth plans before Congress.


Smithfield Foods ( SFD), the pork processor, posted adjusted first-quarter profit of 69 cents a share, topping analysts' estimates, on strong earnings from packaged meats.

Sales in the quarter rose 7% to $3.09 billion from $2.9 billion.

Analysts surveyed by Thomson Reuters expected Smithfield to earn 67 cents a share in the quarter on sales of $3.15 billion.

Shares were up 0.6% to $22.25.


Online retail giant Amazon.com ( AMZN) has cut a tentative deal that would allow the online retailer to postpone collecting sales taxes from Californians for another year, The Los Angeles Times reported.

Shares were down 0.4% to $219.01.


FedEx ( FDX) is considering updating its fleet with 50 planes from Boeing ( BA) and Airbus in a deal potentially worth several billion dollars, according to Bloomberg.


Firearms manufacturer Smith & Wesson ( SWHC) expects second-quarter revenue of between $93 million and $96 million, below the average analyst estimate of $103.9 million.

First-quarter profit came in at a penny a share, beating the Wall Street breakeven target.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

Related links:


Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More from Opinion

Microsoft Pops on Strong Earnings and Guidance: 8 Key Takeaways

Microsoft Pops on Strong Earnings and Guidance: 8 Key Takeaways

Microsoft's Earnings Provide Fresh Proof That the LinkedIn Deal Is Paying Off

Microsoft's Earnings Provide Fresh Proof That the LinkedIn Deal Is Paying Off

Bitcoin Prices Are Back Up, but Traditional Investors Remain Skeptical

Bitcoin Prices Are Back Up, but Traditional Investors Remain Skeptical

EBay's Soft Guidance Doesn't Reflect Well on its Attempts to Fight Off Amazon

EBay's Soft Guidance Doesn't Reflect Well on its Attempts to Fight Off Amazon

4 Key Takeaways for Apple, Nvidia and Others From TSMC's Earnings Report

4 Key Takeaways for Apple, Nvidia and Others From TSMC's Earnings Report