Best Buy, Apple, Adobe are big market movers

  • Associated Press
  • December 14, 2012 - 4:34 PM

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


Best Buy Co. Inc., down $2.07 at $12.05

The electronics retailer extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season.

VeriFone Systems Inc., down $3.63 at $29.60

The maker of terminals for electronic payment systems said that its adjusted fiscal fourth-quarter profit fell from a year ago.

Schlumberger Ltd., down $3.65 at $68.91

The provider of equipment for the oil and gas industry said that drilling slowdowns and price cuts will hurt fourth-quarter earnings.

Centene Corp., down $4.25 at $40.72

The insurer cut its 2012 earnings forecast again, citing higher-than-expected health care demand in Texas and the flu season.


Apple Inc., down $19.90 at $509.79

A UBS analyst cut his estimates for first-quarter 2013 shipments of Apple's iPhone 5, saying it may have cut back on parts orders.

Adobe Systems Inc., up $2.03 at $37.56

The maker of software such as Adobe Reader and Photoshop reported fiscal fourth-quarter results that beat market expectations.

WebMD Health Corp., up 89 cents at $15.57

A Raymond James analyst upgraded shares of the health website operator citing the company's recently announced cost-cutting plans.

Cytori Therapeutics Inc., down 48 cents at $2.84

The cell therapy developer plans to sell 7 million shares to the public and expects to raise about $18.5 million. It priced the offering at $2.85 a share.

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