HP, Campbell Soup, Zale Are Big Market Movers


Salon Staff
November 23, 2011 2:45AM (UTC)

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

NYSE

Medtronic Inc., up $1.48 at $34.75

The medical device maker posted higher earnings as sales of newer devices made up for a slump in its heart and spine implants.

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Campbell Soup Co., down $1.77 at $31.84

The food company said that its first quarter net income fell 5 percent as the company worked to turn around its soup business.

Collective Brands Inc., down $1.99 at $11.71

The company, which owns the Payless ShoeSource chain, cautioned that its gross margin would remain pressured in the fourth quarter.

Zale Corp., down 12 cents at $3.44

The jewelry seller narrowed its first-quarter loss by two-thirds from a year ago on higher sales, much more than analysts expected.

Hewlett-Packard Co., down 21 cents at $26.65

The technology company said its net income plunged in the latest quarter as revenue declined in three of its main business lines.

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Chico's FAS Inc., down $1.67 at $9.94

The women's clothing company said its third-quarter net income fell because of increased discounting and acquisition related costs.

Nasdaq

Gilead Sciences Inc., up $2.50 at $38.76

A BMO Capital Markets analyst upgraded the drugmaker's stock saying that its $11 billion purchase of Pharmasset will add growth.

China Real Estate Information Corp., down 29 cents at $4.79

The Chinese real estate information and consulting company posted a third-quarter net loss as China's real estate market cools.


Salon Staff

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