PVH, Signet Jewelers, Fred's Are Big Movers
NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
PVH Corp., down $5.98 at $106.81
The clothing company's Warnaco acquisition will need more investments than it anticipated, which will weigh on its earnings this year.Signet Jewelers Ltd., up $3.73 at $67 The owner of Kay and Jared jewelry stores said its fiscal fourth-quarter net income climbed 10 percent on higher sales. Commercial Metals Co., down 41 cents at $15.85 The maker of steel and metal products said its second-quarter net income fell 84 percent as its overseas performance weakened. Synnex Corp., down $3.88 at $37 The high-tech contractor forecast fiscal second-quarter earnings below what Wall Street analysts were expecting. Nasdaq Research In Motion Ltd., down 12 cents at $14.45 The smartphone maker surprised Wall Street by returning to profitability and shipping more BlackBerry 10 phones than expected. Fred's Inc., down 42 cents at $13.68 The discount store operator said its fourth-quarter net income fell 33 percent due to higher costs and cautious consumer spending. TrovaGene Inc., up 16 cents at $6.26 The maker of molecular disease-detecting tests debuted a new urine-based test for human papilloma virus, a sexually transmitted virus. Five Below Inc., down $1.27 at $37.89 The retailer, which sells items for below $5, said its fourth-quarter net income rose, but its outlook came in under analysts' expectations.
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