Baker Hughes Inc. (BHI) fell 4.3 percent to $45.75. The oilfield contractor said operating profit before tax for the first quarter is expected to be lower than the fourth quarter of 2011 because of “rapidly changing” market conditions.
FSI International Inc. (FSII) : The maker of equipment for chip factories reported second-quarter earnings of 9 cents a share, exceeding the average analyst estimate by 4 cents.
Hartford Financial Services Group Inc. (HIG) rose 6.6 percent to $23.15. The insurer being pressed to break up by its biggest shareholder said it will wind down its individual annuities business and seek a buyer for part of its life unit.
Hercules Offshore Inc. (HERO) : The Houston-based offshore drilling company will sell as many as 20 million shares in a secondary offering. Half of the proceeds will be used to repay debt and another portion will be used to buy a rig. The company was also raised to market perform from underperform at FBR Capital Markets, meaning that its stock will neither beat nor trail its peers over the next 12 months.
Jabil Circuit Inc. (JBL) : The U.S. contract electronics manufacturer reported second-quarter earnings of 58 cents a share, matching the average analyst estimate.
Krispy Kreme Doughnuts Inc. (KKD) : The doughnut chain reported fourth-quarter revenue of $102 million, beating the $101.4 million projected by analysts on average. Same-store sales climbed 8.3 percent during the period, the Winston-Salem, North Carolina-based company said.
LinkedIn Corp. (LNKD) (LNKD US) gained 5.5 percent to $96.87. The biggest professional-networking website was raised to buy from neutral at Goldman Sachs Group Inc.
On Assignment Inc. (ASGN) : The provider of temporary workers to technology and health-care companies agreed to purchase information technology staffing firm Apex Systems Inc. for $600 million. The deal is expected to “significantly” add to earnings this year, the Calabasas, California-based company said.
Oracle Corp. (ORCL) increased 2.6 percent to $30.88. The largest maker of database software reported fiscal third-quarter profit and new license sales that topped analysts’ estimates as the company sold more databases and business applications.
SAIC Inc. (SAI) : The defense contractor forecast earnings from continuing operations in 2013 will be no more than $1.36 a share, falling short of the average analyst estimate of $1.38. The McLean, Virginia-based company initiated a quarterly dividend of 12 cents a share and said it may buy back 40 million shares.
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