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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 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.

 
 
 
 
 
 
 
 
 
 

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