Best Buy, Avon, Pfizer are big movers
- Associated Press
- April 30, 2013 - 4:16 PM
NEW YORK - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
Best Buy Co. Inc., up $1.79 at $25.99
The electronics retailer is selling its stake in a European joint venture to partner Carphone Warehouse Group for $775 million.
Fresh Del Monte Produce Inc., down $2.18 at $25.41
The fruit and vegetable distributor said that its first-quarter profit fell 34 percent as weaker demand led to lower banana prices in Europe.
Domino's Pizza Inc., up $2.25 at $55.20
New stores and lower costs helped the pizza seller's first-quarter net income rise 66 percent. The results beat analysts' expectations.
Avon Products Inc., up 92 cents at $23.16
The direct-seller of beauty products reported a first-quarter loss, but adjusted results beat Wall Street's expectations.
Cummins Inc., down $6.86 at $106.39
The maker of diesel engines and power-generation equipment said first-quarter net income fell 38 percent as demand softened.
Pfizer Inc., down $1.36 at $29.07
The drugmaker posted first-quarter results below Wall Street expectations and the company cut its 2013 profit forecast.
Diebold Inc., down 86 cents at $29.29
The maker of bank teller machines and security systems reported a first-quarter loss and said it is cutting 700 jobs to reduce costs.
Spirit Airlines Inc., up $1.34 at $26.70
The airline's first-quarter net income jumped 30 percent as tickets and fees helped push the results above Wall Street's expectations.
© 2013 Star Tribune