Share “Pandora, Intel, Amazon.com are market movers”

Pandora, Intel, Amazon.com are market movers

Associated Press Modified: September 7, 2012 at 5:16 pm •  Published: September 7, 2012
Advertisement

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

NYSE

Quiksilver Inc., up 51 cents at $3.57

The surf- and skate-inspired clothing retailer reported a third-quarter profit that topped Wall Street expectations.

Pandora Media Inc., down $2.10 at $10.47

The Wall Street Journal reported that Apple Inc., the iPad maker, may start its own online radio service similar to Pandora's.

Peabody Energy Corp., up $2.31 at $23.71

The coal company said it still plans to sell a mine in Australia and that it is in discussions with interested parties.

Nasdaq

Intel Corp., down 90 cents at $24.19

Intel cut its third-quarter revenue forecast due to weaker-than-expected demand for its chips amid difficult economic conditions.

Amazon.com Inc., up $7.76 at $259.14

Analysts said the company could sell millions of its new Kindle Fire tablet computer and e-readers, raising demand for its content.

Smith & Wesson Holding Corp., up $1.07 at $10.07

With strong demand for its guns, the company reported record quarterly earnings and offered an outlook that beat analysts' forecasts.

Lululemon Athletica Inc., up $8.54 at $77.14

The maker of upscale yoga wear said its net income jumped by nearly 50 percent in the second quarter, boosted by higher sales.

Ulta Salon, Cosmetics & Fragrance Inc., up $6.28 at $101.54

The beauty retailer said that its fiscal second-quarter net income climbed 46 percent on new products and strong sales.