News Column

Kohl's and Keurig are big market movers

August 14, 2014



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

NYSE

Kohl's Corp., up $1.80 to $56.91

The retailer reported profit that remained nearly flat during the second-quarter, but the results beat Wall Street expectations.

Wal-Mart Stores Inc., up 36 cents to $74.39

The retailer posted slightly higher quarterly profits, but said sales remained sluggish and the company trimmed its outlook.

Ultra Petroleum Corp., up 65 cents to $23.11

The oil company will pay $925 million to buy Marcellus Shale properties from a Royal Dutch Shell unit and expand production.

Nasdaq

Keurig Green Mountain Inc., up 25 cents to $114.30

The coffee company will raise prices by up to 9 percent in November because of higher costs for unroasted coffee and materials.

Cisco Systems Inc., down 66 cents to $24.54

The company will lay off up to 6,000 workers worldwide, or 8 percent of its workforce, as part of a restructuring program.

Plug Power Inc., up 25 cents to $6.11

The fuel cell company reported a doubling in quarterly revenue, topping expectations, on an increase in demand for its units.

Noodles & Co., down $4.05 to $21.16

The restaurant company reported worse-than-expected quarterly financial results and projected an outlook below expectations.

Red Robin Gourmet Burgers Inc., down $11.92 to $52.63

The restaurant company reported a drop in quarterly profit and revenue that fell far short of Wall Street 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