News Column

Nordstrom and Gilead are big market movers

August 15, 2014



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

NYSE

Nordstrom Inc., down $3.58 to $65.11

The luxury department store operator reported quarterly sales at established stores, a key sales measure, below Wall Street expectations.

Dillard's Inc., down $9.49 to $106.11

The department store operator reported a slight boost in quarterly profit, but the results fell short of Wall Street expectations.

Agilent Technologies Inc., up $1.96 to $57.58

The scientific instrument maker reported an increase in third-quarter profit and revenue, beating Wall Street expectations.

Nasdaq

Monster Beverage Corp., up $21.84 to $93.49

Coca-Cola is paying $2.15 billion to buy a 16.7 percent stake in the energy drink company and put two directors on its board.

Achillion Pharmaceuticals, up 81 cents to $9.25

The drug developer reported positive results from a 12-person, midstage study of its experimental hepatitis C treatment ACH-3102.

Applied Materials Inc., up $1.33 to $22.48

The computer chip equipment maker reported better-than-expected third-quarter profit and forecast a positive revenue outlook.

Gilead Sciences Inc., up $3.13 to $99.49

The drug developer said an arbitration panel rejected a patent infringement claim by a rival related to a hepatitis C drug.

Autodesk Inc., up $3.62 to $52.66

The design software and services company reported better-than-expected quarterly profit and raised its fiscal guidance.


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Source: Associated Press


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