La-Z-Boy, Adobe, Tetra Tech are big movers
Comments (0) | 
Print | Originally published: Jun 19, 2013 - 2:20 pm
NEW YORK (AP) - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Alcatel-Lucent SA, up 6 cents at $1.93
The telecommunications equipment manufacturer said that it launched a major effort to shed businesses and jobs to cut costs.
FedEx Corp., up $1.10 at $100.58
The package delivery company's fourth-quarter profit fell 45 percent, but the results beat Wall Street expectations.
The Men's Wearhouse Inc., down 43 cents at $37.04
The men's clothing company said that it fired the founder and face of the company, executive chairman George Zimmer.
La-Z-Boy Inc., down 51 cents at $19.77
The Monroe, Mich.-based furniture maker reported that its fiscal fourth-quarter net income fell compared with last year's quarter.
Nasdaq
Adobe Systems Inc., up $2.42 at $45.78
The software maker said profit shrank in its fiscal second quarter, but its Creative Cloud subscriptions kept rising.
DreamWorks Animation SKG Inc., up 64 cents at $24.95
The animation studio, known for its "Shrek" and "Madagascar" films, said it expects revenue from TV shows to double.
Tetra Tech Inc., down $3.64 at $23.09
The engineering services company said it will take a loss in the fiscal third quarter as it absorbs about $95 million in charges.
Pool Corp., down $3.15 at $51.57
The distributer of supplies for swimming pools cut its profit estimate for the year because cool, wet weather hurt sales.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
