Sunday, May 19, 2013





RIM, Tiffany, Kroger are market movers


Last Modified: February 19. 2013 7:43PM
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(AP) Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:


NYSE


Barnes & Noble Inc., down $1.79 at $14.26


The book seller reported that its digital content growth slowed as it faced increased competition from rivals like Amazon.com and Google.


Stein Mart Inc., up 97 cents at $8.56


The discount retailer said that sales at stores open at least a year jumped 7.1 percent last month. It also announced a special $1 dividend.


Tiffany & Co., down $3.93 at $59.80


The jewelry company's third-quarter net income fell 30 percent due to a higher-than-expected tax rate and high metal costs.


The Kroger Co., up $1.19 at $26.25


The supermarket chain raised its earnings outlook for the year after reporting a third-quarter profit that topped expectations.


La-Z-Boy Inc., down $1.57 at $14.60


The furniture company reported that its fiscal second-quarter net income fell as investments in its business hurt its bottom line.


Aeropostale Inc., down 70 cents at $13.42


After poor back-to-school sales, the teen retailer's third-quarter profit was nearly flat and it issued a weak forecast.


Nasdaq


Research In Motion Ltd., up 44 cents at $11.54


Goldman Sachs upgraded the phone maker's shares to Buy, saying there is a chance its BlackBerry 10 phones could be a success.


Cracker Barrel Old Country Store Inc., down $3.32 at $61.78


The restaurant chain said that its fiscal first-quarter net income fell 3 percent, pulled down by severance costs and expenses.


Associated Press


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