Rite Aid and Pier 1 are big market movers

  • Associated Press
  • April 10, 2014 - 3:35 PM

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


Rite Aid Corp., up 54 cents to $6.94

The drugstore is out of the recovery ward and appears ready to break into a sprint after its sixth-straight quarterly profit.

Pier 1 Imports Inc., down 2 cents to $18.20

The home furnishings retailer's quarterly earnings and revenue topped Wall Street projections and it expects sales at established stores to rise.

Family Dollar Stores Inc., down $1.90 to $57.17

The bargain retailer will close 370 stores and cut jobs after reporting that profit and revenue declined in the second quarter.

Ruby Tuesday Inc., up 72 cents to $6.68

The restaurant just edged out Wall Street profit expectations for the quarter and revenue did not decline as badly as feared.

Hewlett-Packard Co., up 8 cents to $32.80

Wall Street is seeing profit-margin recovery at the tech company, with Morgan Stanley raising its earnings expectations for 2015 and 2016.


Bed Bath & Beyond Inc., down $4.19 to $63.72

Weak sales drove quarterly profit down nearly 11 percent at the home goods retailer and its outlook left investors disappointed.

PriceSmart Inc., down $11.76 to $90.13

Weak comparable-store sales overshadowed an otherwise strong quarter at the warehouse club, which beat most profit expectations.

Automatic Data Processing Inc., down 66 cents to $75.22

The payroll processor will spin off its business that works with auto dealerships into a separate, publicly traded company.

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