Abercrombie, Medifast, Cisco Are Market Movers
NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Abercrombie & Fitch Co., up $10.74 at $41.92
Higher sales helped push the teen retailer's third-quarter net income up 41 percent. It also raised its full-year earnings guidance.Medifast Inc., down $1.42 at $28.17 The weight-loss company said that Brendan Connors, its chief financial officer, is resigning immediately to pursue other interests. LDK Solar Co. Ltd., down 9 cents at 98 cents The solar company is ending a solar wafer agreement with an unnamed European customer that was scheduled to last for 10 years. The Mosaic Co., down $1.65 at $49.10 The phosphate and potash seller cut its second-quarter production guidance due to weak international demand for its crop nutrients. Iamgold Corp., down $2.89 at $11.97 The gold mining company reported results for the third quarter that missed Wall Street analysts' expectations. Nasdaq Cisco Systems Inc., up 81 cents at $17.66 The computer networking gear maker said that its first-quarter earnings rose 18 percent as U.S. companies started spending again. ZaZa Energy Corp., up 15 cents at $1.96 The exploration company said it will sell its French assets, a day after posting a profit for its third quarter. Woodward Inc., up $2.46 at $34.53 A KeyBanc analyst kept a "Buy" rating on the energy and aerospace controls maker, a day after it posted strong quarterly results.
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