LargeCap Stocks to Keep an Eye on Today

Tomahawk, WI 9/16/2011 (PennyPayDay) – BlackBerry maker Research In Motion missed quarterly revenue and profit expectations.

The company posted an adjusted profit of 80 cents a share and sales of $4.2 billion for the second quarter. That performance missed the average analysts' estimate for earnings of 87 cents a share and sales of $4.5 billion in the quarter.

Shares were plunging 18.9% to $23.95 in premarket trading Friday.

Diamond Foods said it now sees earnings of $3.05 to $3.15 a share, up from a prior outlook of $3 to $3.10 a share.

The company posted a non-GAAP profit of $11.9 million, or 52 cents a share, for its fourth quarter, with revenue coming in at $232.8 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 44 cents a share in the quarter on revenue of $216.3 million.

Shares were spiking 5.1% to $82.20.

Reinsurance company Transatlantic Holdings and specialty insurance company Allied World Assurance have mutually agreed to terminate their merger agreement.

Transatlantic shares were falling 2.1% to $48.50.

Chipmaker Texas Instruments said it is lifting its quarterly dividend by 31% to 17 cents a share from its current payout of 13 cents.

Shares were up 2% to $28.26.

UBS, the Swiss bank, is expected to cut jobs at its investment bank business, the unit that was hit with a $2 billion rogue trading loss, a report said.

Shares were up 1.1% to $11.54.

The CEO of media company Gannett , Craig Dubow, is taking his second medical leave in three years.

Shares were up 0.7% to $10.15.

Goldman Sachs will shutter its flagship Global Alpha Fund after significant losses and a management shakeup, The Wall Street Journal reported, citing sources familiar with the matter.

Electrical products maker Cooper Industries cut third-quarter guidance to 94 cents to 98 cents a share, down from the previously expected forecast of 98 cents to $1.03 a share.

The company now expects full-year adjusted earnings of $3.75 to $3.82 a share, down from the previous projection of $3.80 to $3.90 a share.

Health care insurer Amerigroup revised its full-year health benefits ratio range to 83.9% to 84.9% from the previously expected range of 83.1% to 84.1%, reflecting the company's expectation of higher medical cost trends.

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