Medtronic, Smithfield, Wal-Mart among big movers
ZUMA Press Inc ( 2009-02-17 17:20:05 )
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Medtronic Inc., up $1.67 at $34.48
Quarterly profit beat estimates, as tighter cost controls and new demand for spinal implants offset slowing heart device sales.
Smithfield Foods Inc., down 75 cents at $8.82
The nation's largest pork producer said it will restructure its pork business by closing six factories and cutting 1,800 jobs.
Wyndham Worldwide Corp., up 25 cents at $4.44
The hotel operator shelved a plan to issue up to $200 million shares after its stock fell on the initial announcement Friday.
Wal-Mart Stores Inc., up $1.39 at $47.92
The world's largest retailer, which is benefiting as consumers bargain-hunt, posted higher-than-expected quarterly adjusted profit.
Aaron Rents Inc., up $1.50 at $24.32
The company expects to benefit as customers hurt by tight credit seek to rent rather than buy furniture, appliances and other items.
CEC Entertainment Inc., down $1.06 at $24.61
Quarterly revenue fell, though the operator of the Chuck E. Cheese pizza restaurant chain posted a profit partly due to lower costs.
NASDAQ
Coldwater Creek Inc., down 88 cents at $2.07
The specialty retailer anticipates a bigger fiscal fourth-quarter loss than Wall Street expects due to a downturn in spending.
Fossil Inc., up 32 cents at $12.41
Adjusted fourth-quarter profit topped analyst estimates, though the watch maker says results will be hurt by a stronger dollar.
Copyright 2009  AP News
