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Citigroup, Pandora, Toro are market movers

Published on NewsOK Modified: December 5, 2012 at 3:58 pm •  Published: December 5, 2012
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Citigroup Inc., up $2.17 at $36.46

The bank said that it is cutting 11,000 jobs, or about 4 percent of its workforce, to save $900 million in costs next year.

Toro Co., down $2.62 at $42.45

The maker of landscaping equipment said that its fiscal fourth-quarter net income fell on weak preseason demand for snowthrowers.

Oxford Industries Inc., down $4.25 at $48.53

The clothing company, which owns the Tommy Bahama and Lilly Pulitzer brands, posted disappointing fiscal third-quarter results.

Freeport-McMoRan Copper & Gold Inc., down $6.12 at $32.16

The mining company said it is buying oil companies Plains Exploration & Production and McMoRan Exploration for about $9 billion.

Pandora Media Inc., down $1.65 at $7.80

The Internet radio company said that its third-quarter net profit more than tripled, but it predicted a loss in the fourth quarter.

Nasdaq

AeroVironment Inc., up $2.68 at $22.94

Higher sales at its efficient-energy-systems unit helped push the unmanned aircraft maker's third-quarter net income up 32 percent.

Mattress Firm Holding Corp., down $6.65 at $23.67

Despite stronger-than-expected third-quarter results, the mattress retailer posted a weak forecast on softening sales trends.

Tibco Software Inc., down $4.72 at $20

The software company warned that its fiscal fourth-quarter and full-year results will fall short of Wall Street expectations.