News Column

Ralph Lauren and Netflix are big market movers

May 9, 2014



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

NYSE

Ralph Lauren Corp., down $3.18 to $148.81

A weak sales outlook overshadowed strong fourth-quarter and annual earnings at the clothing maker, sending shares to a 52-week low.

Hilton Worldwide Holdings Inc., up 43 cents to $23.07

Rising room rates helped to more than triple first-quarter earnings and the hotel operator raised its outlook for the entire year.

Omnicom Group Inc., up $1.46 to $67.66

The company scrapped its planned $35 billion merger with France'sPublicis Groupe that would have created the world's largest advertising firm.

The Gap Inc., up $1.28 to $40.52

Comparable-store sales jumped 9 percent last month, partially due to a holiday shift, but analysts see stronger sales ahead, too.

Nasdaq

Netflix Inc. up $6.89 to $328.55

The online entertainment company followed through on promised price hikes, pushing subscriptions up $1 per month for new members.

Rocket Fuel Inc., down $5.98 to $21.83

Wider losses at the advertising company triggered a pair of downgrades, with Goldman Sachs citing a decline in customer spending.

Jazz Pharmaceuticals PLC, down $4.24 to $129.45

Acquisitions and other costs dragged the biopharmaceutical company to a loss for the quarter and revenue did not rise as much as expected.

Scientific Games Corp., down $1.84 to $8.96

Rising expenses led to bigger losses at the gaming technology company, which fell short of Wall Street's quarterly expectations.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Associated Press


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters