News Column

Kate Spade and Flowers Foods are big market movers

August 12, 2014



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

NYSE

Kate Spade & Co., down $9.87 to $29

Executives at the handbag and accessories maker warned that sales growth would slow this year.

Flowers Foods Inc., down 91 cents to $19.10

The commercial bakery company reported worse-than-expected quarterly financial results and lowered its annual profit guidance.

Nasdaq

Caesars Entertainment Corp., down 89 cents to $12.78

The casino operator reported worse-than-expected quarterly results on higher interest expenses and a weak gambling market.

Electronic Arts Inc., up 48 cents to $35.55

The video game publisher announced it would expand a popular video game subscription service to international markets.

Exact Sciences Corp., up 37 cents to $17.46

The Food and Drug Administration approved the molecular diagnostics company's noninvasive colon cancer screening test, Cologuard.

Nuance Communications Inc., down $1.63 to $16.47

The speech recognition software maker reported a wider third-quarter loss and lower-than-expected fourth-quarter guidance.

Intercept Pharmaceuticals Inc., up $39.34 to $276.52

The biotechnology company released positive mid-stage study results for its developing chronic liver disease treatment.

Dendreon Corp., down 72 cents to $1.40

The drug developer warned shareholders that it has debt worries, and it is considering alternatives that could wipe out their ownership.


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