Kohl’s, Sara Lee, Barnes & Noble, Cisco Systems among big market movers Thursday

Thursday, August 12, 2010

Kohl’s, Sara Lee, Barnes & Noble big market movers

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


Kohl’s Corp., down $1.28 at $46.50

The department store’s quarterly profit grew, but it trimmed its outlook for the year because it expects slower sales growth.

Sara Lee Corp., down 10 cents at $14.37

The food maker said quarterly revenue rose as more products sold for higher prices, but higher spending on marketing weighed on profit.

Estee Lauder Cos., down $1.55 at $58.80

The skin care and makeup seller posted a profit outlook that was weaker than analysts had expected.

Potash Corp. of Sasketchewan Inc., up $3.84 at $112.04

The USDA cut its global wheat production forecast, sending grain prices higher and possibly increasing farmers’ incomes and fertilizer demand.

Juniper Networks, down $1.89 at $25.78

A disappointing sales forecast from Cisco dragged down shares of its competitors that also provide computer networking equipment.

Barnes & Noble Inc., up 58 cents at $15.06

The bookseller has not reached a settlement with financier Ron Burkle’s Yucaipa Cos. after news reports the companies were close to a deal.


Cisco Systems Inc., down $2.37 at $21.36

The network gear maker warned that it expected slower sales in the current quarter, saying it was getting “mixed signals” from customers.

Research in Motion Inc., down $2.02 at $54.17

India set a deadline of August 31 for the BlackBerry maker to address security concerns before the government blocks key phone services.

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