Pepsi, Abercrombie, Immucor, Crocs among companies making big moves in the stock marketBy AP
Thursday, October 7, 2010
Pepsi, Abercrombie, Immucor are big market movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
PepsiCo Inc., down $2.01 at $66.10
The food company’s quarterly profit rose 12 percent, but it lowered the top end of its outlook because it’s spending more to grow overseas.
Abercrombie & Fitch Co., up $3.44 at $42.03
A key revenue measure climbed 13 percent last month at the teen retailer’s stores, helped by strong international sales.
Marriott International Inc., down $2.19 at $35.67
The hotel chain returned to a profit in the third quarter, but its profit guidance for the year mostly fell below analyst estimates.
American Eagle Outfitters Inc., up $1.22 at $16.23
The teen retailer raised its earnings forecast for the third quarter after a key revenue figure rose 4 percent last month.
Ambac Financial Group Inc., up 1 cent at 79 cents
The troubled bond insurer reached a settlement earlier this week with bankrupt Lehman Brothers on claims the two had filed against each other.
Immucor Inc., down $3.72 at $16.72
The company, which makes medical equipment used in blood transfusions, cut its profit and revenue forecast for the year.
Bebe Stores Inc., down 55 cents at $6.44
The women’s clothing company said that a key revenue figure fell 11 percent in the three months that ended on Oct. 2.
Crocs Inc., up 84 cents at $14.38
Shares touched a 52-week high after an analyst rated the footwear maker a “Buy,” saying its bigger collection of styles is attractive.