Ralph Lauren, Zynga, Chipotle 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:
Ralph Lauren Corp., up $9.72 at $174.63
With rising sales of its designer clothing, the company posted a 27 percent profit increase in its fiscal third-quarter.Moneygram International Inc., up $1.21 at $15.33 The money transfer company said that its fourth-quarter net income rose as fee revenue increased from completing more transfers. Time Warner Inc., up $2.05 at $52.01 Higher ad revenue at its TV networks helped push the media company's net income up 51 percent in the last three months of 2012. The Scotts Miracle-Gro Co., up 25 cents at $44.17 The lawn care products maker narrowed its loss in its fiscal first quarter and expects a better year ahead. Wyndham Worldwide Corp., up $3.81 at $60.01 The hotel company said that its fourth-quarter net income rose 45 percent, helped by its lodging and vacation ownership businesses. Chipotle Mexican Grill Inc., up $17.45 at $322.46 Adding new locations helped push the Mexican restaurant chain's net income up nearly 7 percent during the fourth quarter. Metals USA Holdings Corp., up $2.35 at $20.65 Reliance Steel & Aluminum Co., which distributes thousands of metal products, is buying the steel and metals company for about $766.1 million. Nasdaq Zynga Inc., up 25 cents at $2.99 The maker of online games such as "FarmVille" said that its fourth-quarter loss narrowed as it cut costs and laid off workers.
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