Wendy’s/Arby’s, Abercrombie & Fitch, Ciena, TiVo among big market movers Thursday

Wendy’s/Arby’s, Abercrombie & Fitch are big movers

NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Wendy’s/Arby’s Group Inc., down 35 cents at $4.59

The fast-food chain said its fourth-quarter loss narrowed, even as its Arby’s chain continued to struggle.

Suntech Power Holdings Co. Ltd., up 72 cents at $14.40

Suntech earned nearly $50 million in the fourth quarter after reducing expenses while boosting shipments of solar products to the U.S.

Abercrombie & Fitch Co., up $5.28 at $41.52

Stores open at least a year grew 5 percent in February on strength across all divisions, handily topping Wall Street’s expectations.

Anheuser-Busch Inbev SA, down $1.98 at $49.42

The world’s largest brewer posted a fourth-quarter profit of $1.28 billion, down 20 percent from the previous quarter.

NASDAQ:

Ciena Corp., down 58 cents at $13.97

The telecommunications equipment maker posted a larger loss as it recorded costs from a pending acquisition of businesses from Nortel.

PetSmart Inc., up $2.22 at $29.93

Strong fourth-quarter earnings and 2010 guidance beat expectations, while analysts said products and services have improved.

TiVo Inc., up $6.32 at $16.53

A federal appeals court has sided with TiVo in the second phase of its long-running patent lawsuit against Dish Network.

Take-Two Interactive Inc., up 99 cents at $10.02

The video game publisher posted first-quarter results and a profit forecast that surpassed Wall Street’s expectations.