FEI Company Open Lower On Earnings (TIII, NYT, GCI, BHP)

FEI Company Open Lower On Earnings (TIII, NYT, GCI, BHP)

FEI Company (NASDAQ:FEIC) stock fell 1.63% to $45.32 in the early hour. The 52 week trading range for the company is $26.61 – $52.01. The shares of the company have gained 14% in the last one year. The company had earlier this month said that it expects second quarter earnings in the range of $0.64 to $0.70 per share. Analysts currently expect the company to earn $0.66 per share for the second quarter. Revenues for the second quarter are expected to range between $215 million and $225 million. Analysts currently expect revenues of $218.65 million for the period.

The New York Times Company (NYSE:NYT) stock declined 0.93% to $6.37 in the morning hour. On May 11, 2012, the company said that it has sold its remaining stake in Fenway Sports Group, owner of the Boston Red Sox, in a deal valued at $63 million. The sale of New York Times’ remaining 210 Class B units in the Fenway Sports Group will result in a one-time pretax gain of $38 million for the second quarter.

Gannett Co., Inc. (NYSE:GCI) shares fell 0.45% to $13.31 in the early hour.  The company today said that Chief Financial Officer Paul Saleh has resigned from the company, effective immediately. The company said Vice President and Treasurer Michael Hart will serve as interim principal financial officer while it searches for a permanent CFO.

BHP Billiton Limited (ADR) (NYSE:BHP) stock decreased 2.15% to $67.34 in the early hour after the company said that it plans to decide at the end of next month whether to write down the value of the U.S. shale gas assets it acquired for $20 billion, while cutting back on drilling natural gas wells until prices recover.

The company’s foray into U.S. shale gas has been hit by a plunge in natural gas prices to a decade low that prompted Citigroup Inc. to say in a May 1 report that the company may cut the value of the assets by as much as $5 billion.