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Target, Zale, Saks are big movers | |||||||||||||||||||||
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Target Corp., down $2.86 at $68.40 The retailer reported a 26 percent drop in first-quarter profit and the company also cut its annual profit outlook. Zale Corp., up $1.20 at $6.60 The jeweler surprised Wall Street with a quick return to a profitable third quarter. Its revenue also topped Wall Street expectations. Saks Inc., up $1.83 at $15.50 The New York Post reported that the luxury retailer is exploring strategic alternatives, including a possible sale of the company. Booz Allen Hamilton Holding Corp., up $1.41 at $18.38 The company, which operates a management and technology consultant, said that its fiscal fourth-quarter net income rose 8 percent. Toll Brothers Inc., up $1.06 at $37.07 The homebuilder said that its second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales. Nasdaq Intuit Inc., up 70 cents at $58.59 The seller of tax-filing software TurboTax and the finance program Quicken said that its third-quarter net income rose 12 percent. NetApp Inc., up 65 cents at $37.28 The data storage company said that it will eliminate 900 jobs as part of a restructuring effort to streamline operations. Jamba Inc., up 15 cents at $3.04 A Wedbush analyst said that the fruit smoothie company has good opportunities to grow profit in the next few years. © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use. | |||||||||||||||||||||
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