D.R. Horton, J.M. Smucker, Dell are big movers
NEW YORK (AP) - The following stocks were among those that moved
substantially or traded heavily Friday on the New York Stock
Exchange:
Dillard's Inc., up $1.38 at $15.66
An analyst upgraded the stock to ``buy'' and said efforts to cut
costs and improve merchandise are paying off.
D.R. Horton Inc., down $1.88 at $10.37
The homebuilder's wider-than-anticipated quarterly loss fueled
by write-downs offset news that its new home orders spike 26
percent from a year ago.
J.M. Smucker Co., up $2.87 at $56.35
The company nearly tripled its profit on the addition of Folgers
coffee and lower commodity prices that fattened its profit margins.
Griffon Corp., up $1.15 at $10.20
The communications and electronic information, building products
and specialty plastics business posted a fiscal fourth-quarter
profit.
NASDAQ:
ADC Telecommunications Inc., down 73 cents at $5.91
The company posted a net loss in the fourth quarter and warned
that first-quarter earnings will come in lower than expected.
Bon-Ton Stores Inc., up 41 cents at $13.07
Fitch Ratings raised its outlook for the department store
operator from ``negative'' to ``stable,'' citing its reworked
credit agreement.
Dell Inc., down $1.58 at $14.29
The computer company reported a 54 percent drop in net income
and a 15 percent decline in revenue, both steeper than analysts
expected.
Aruba Networks Inc., down 64 cents at $8.94
The company reported fiscal first-quarter results above
expectations, but it may not have been as much of a beat as Wall
Street hoped.
11/20/09 17:08
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