Citrix, Flextronics, Qualcomm, Sepracor: U.S. Equity Preview

Jan. 28 (Bloomberg) -- Shares of the following companies may
have unusual fluctuations in U.S. trading tomorrow. Stock symbols
are in parentheses and prices are as of 5:54 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in March
lost 0.1 percent to 870.90. Dow Jones Industrial Average
futures fell 0.1 percent to 8,313.

Allstate Corp. (ALL:US) slipped 11 percent to $26.50. The
largest publicly traded U.S. home and auto insurer said it will
cut 1,000 jobs after the falling value of investments caused the
company’s first annual loss as a public firm.

Citrix Systems Inc. (CTXS:US) fell 7.2 percent to $22.46.
The maker of computer-networking software reported revenue of
$415.7 million in the fourth quarter, missing the average analyst
estimate by 3.9 percent, according to Bloomberg data. Citrix said
it will cut 10 percent of its workforce as the recession hurts
demand.

DryShips Inc. (DRYS:US) fell 15 percent to $10.35. The
commodities transporter said it has violated some financial
requirements of its loans and is seeking a waiver from its banks.

Flextronics International Ltd. (FLEX:US) dropped 10 percent
to $2.44. The maker of Microsoft Corp.’s (MSFT:US) Xbox 360 game
console said that, excluding some items, it expects to earn no
more than 7 cents a share in the fiscal fourth quarter. That
trailed the 15-cent average estimate of analysts in a Bloomberg
survey.

Qualcomm Inc. (QCOM:US) fell 4.8 percent to $35.04. The
world’s biggest maker of mobile-phone chips reported a 56 percent
drop in first-quarter profit and cut its annual sales forecast
after the recession curbed growth and hurt its investments.

Sepracor Inc. (SEPR:US) gained 16 percent to $15.75. The
maker of the Lunesta sleeping pill forecast earnings excluding
some items of at least $2.10 a share this year. That beat the
average estimate of $1.41 by analysts in a Bloomberg survey.