Tuesday, November 13, 2012 5:07 pm
Home Depot, AK Steel, Microsoft are market movers
The Associated Press
The Home Depot Inc., up $2.22 at $63.38
The home improvement retailer said that its net income rose slightly in the third quarter, and it raised its forecast for the year.
Dick's Sporting Goods Inc., up $2.27 at $50.97
Thanks to a big jump in online sales, the sporting goods retailer said that its net income in the third quarter rose 21 percent.
AK Steel Holding Corp., down 96 cents at $4.50
The steel maker forecast a larger-than-expected fourth-quarter loss due to lower steel prices and a large income tax charge.
Greenbrier Cos., up $2.78 at $16.73
The railcar company said that billionaire investor Carl Icahn bought 2.7 million of its shares for a 9.99 percent stake in the company.
Tronox Inc., down $3.54 at $15.18
The titanium products company reported a $16.7 million loss during its fiscal third quarter due to higher costs and weaker demand.
Microsoft Corp., down 90 cents at $27.09
The technology company said that Steven Sinofsky, the president of its Windows and Windows Live operations, is leaving.
Weatherford International Ltd., down $1.73 at $9.15
Due to a lower rig count in Canada, the oilfield services company reported disappointing revenue for its fiscal third quarter.
Diamond Foods Inc., up $2.58 at $20.43
The maker of Pop Secret popcorn said that it would finally release restated results for the past two years, and part of this year.