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RIM, Tiffany, Kroger are market movers

Published on NewsOK Modified: November 29, 2012 at 4:49 pm •  Published: November 29, 2012
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Barnes & Noble Inc., down $1.79 at $14.26

The book seller reported that its digital content growth slowed as it faced increased competition from rivals like Amazon.com and Google.

Stein Mart Inc., up 97 cents at $8.56

The discount retailer said that sales at stores open at least a year jumped 7.1 percent last month. It also announced a special $1 dividend.

Tiffany & Co., down $3.93 at $59.80

The jewelry company's third-quarter net income fell 30 percent due to a higher-than-expected tax rate and high metal costs.

The Kroger Co., up $1.19 at $26.25

The supermarket chain raised its earnings outlook for the year after reporting a third-quarter profit that topped expectations.

La-Z-Boy Inc., down $1.57 at $14.60

The furniture company reported that its fiscal second-quarter net income fell as investments in its business hurt its bottom line.

Aeropostale Inc., down 70 cents at $13.42

After poor back-to-school sales, the teen retailer's third-quarter profit was nearly flat and it issued a weak forecast.

Nasdaq

Research In Motion Ltd., up 44 cents at $11.54

Goldman Sachs upgraded the phone maker's shares to "Buy," saying there is a chance its BlackBerry 10 phones could be a success.

Cracker Barrel Old Country Store Inc., down $3.32 at $61.78

The restaurant chain said that its fiscal first-quarter net income fell 3 percent, pulled down by severance costs and expenses.


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