the republic logo

J.C. Penney, Stage Stores, ViaSat, Brocade Communications are big market movers on Friday

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

NYSE

J.C. Penney Co., down 78 cents at $18.01

Still reeling from its former CEO's turnaround plan, the department-store chain said that its loss in the first quarter widened.

Stage Stores Inc., down $1.89 at $24.19

The department-store operator's first-quarter loss widened as it spent to consolidate some facilities and struggled to get shoppers in its doors.

Nordstrom Inc., down 45 cents at $60.68

The retailer's first-quarter net income fell due to weak demand for spring merchandise and softer performance in the Northeast and Midwest.

Nasdaq

Autodesk Inc., down $2.67 at $37.11

The design software company reported first-quarter results that disappointed investors, blaming mixed economic conditions worldwide.

SINA Corp., up 76 cents at $59.57

The operator of a popular Chinese Internet portal narrowed its first-quarter loss on improved revenue.

ViaSat Inc., up $11.57 at $71.38

The satellite and wireless networking technology provider returned to a profit in its fiscal fourth quarter after a boost from new contracts.

Aruba Networks Inc., down $4.51 at $13.10

The wireless communications company posted a loss in its fiscal third quarter, as spending increased and sales growth weakened.

Brocade Communications Systems Inc., down 20 cents at $5.54

The computer networking technology maker said its fiscal second-quarter sales fell because of a slowdown in the storage market.

Think your friends should see this? Share it with them!


Story copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

 

Follow Us

Content enhanced with OpenCalais.

 

All content copyright ©2013 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.