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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:

NYSE

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.

Nasdaq

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.

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