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Best Buy, Carnival, Saks, Beazer Homes, Clearwire are big market movers on Tuesday | |||||||||||||||||||||
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Best Buy Co. Inc., down $1.17 at $25.64 The electronics retailer posted a fiscal first-quarter loss as it sold its stake in Best Buy Europe and works on a turnaround plan. Beazer Homes USA Inc., down 98 cents at $21.75 A Sterne Agee analyst downgraded the homebuilder's stock to "Neutral" from "Buy" saying that year-over-year growth may slow. Carnival Corp., down $1.51 at $33.81 The Miami-based cruise company said that steep discounts put pressure on its revenue. It also cut its outlook for the year. Medtronic Inc., up $2.46 at $52.35 The medical device maker reported better-than-expected fourth quarter earnings on higher sales of implantable heart defibrillators. Saks Inc., up $1.39 at $13.67 The luxury retailer said that its net income fell 38 percent in the first quarter, but its adjusted results topped expectations. Nasdaq Clearwire Corp., up 14 cents at $3.40 Sprint Nextel Corp. raised its buyout offer for the stake in the wireless data operator it does not already own by 14 percent. Monro Muffler Brake Inc., up $3.17 at $47.28 The auto repair company said that its fiscal fourth-quarter net income fell 23 percent, but its revenue beat expectations. TiVo Inc., up 26 cents at $12.92 The digital video recording company narrowed its fiscal-first quarter loss as revenue grew from an increase in subscribers. © 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 This material may not be published, broadcast, rewritten or redistributed.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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