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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