Sempra Energy, Merck, Barclays, Qwest Communications among big market movers Tuesday
By APTuesday, February 16, 2010
Sempra Energy, Merck, Barclays are big movers
NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Sempra Energy, down 48 cents at $49
The Royal Bank of Scotland is selling its Sempra joint venture to J.P. Morgan, and Sempra expects about $940 million from the deal.
Merck & Co., up 74 cents at $37.66
The drugmaker’s purchase of Schering-Plough Corp. gave a big boost to its quarterly sales and profit, but it issued no 2010 guidance.
Abercrombie & Fitch Co., up $1.40 at $35.25
The teen retailer’s quarterly profit dropped 31 percent, but it expects overseas growth to help drive profit margins higher.
Terra Industries Inc., up $7.44 at $40.69
Norwegian fertilizer company Yara International has agreed to acquire the U.S. fertilizer maker for $4.1 billion in cash.
Barclays plc, up $2.35 at $19.03
The British bank that bought assets from failed U.S. investment bank Lehman Brothers posted big gains in its fourth-quarter profit.
Qwest Communications International Inc., up 2 cents at $4.45
The nation’s fourth-largest traditional phone company said earnings fell as customers disconnected landline phones.
DHT Maritime Inc., up 1 cent at $3.52
The oil tanker owner and operator said fourth-quarter profit fell 67.2 percent as the economic downturn dampened shipping demand.
NASDAQ:
Capella Education Co., up $6.41 at $76.96
The company’s 2010 guidance implied sales and earnings above expectations of Wall Street analysts.
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