Thursday, November 29, 2012 5:49 pm
RIM, Tiffany, Kroger are market movers
The Associated Press
Barnes & Noble Inc., down $1.79 at $14.26
The book seller reported that its digital content growth slowed as it faced increased competition from rivals like Amazon.com and Google.
Stein Mart Inc., up 97 cents at $8.56
The discount retailer said that sales at stores open at least a year jumped 7.1 percent last month. It also announced a special $1 dividend.
Tiffany & Co., down $3.93 at $59.80
The jewelry company's third-quarter net income fell 30 percent due to a higher-than-expected tax rate and high metal costs.
The Kroger Co., up $1.19 at $26.25
The supermarket chain raised its earnings outlook for the year after reporting a third-quarter profit that topped expectations.
La-Z-Boy Inc., down $1.57 at $14.60
The furniture company reported that its fiscal second-quarter net income fell as investments in its business hurt its bottom line.
Aeropostale Inc., down 70 cents at $13.42
After poor back-to-school sales, the teen retailer's third-quarter profit was nearly flat and it issued a weak forecast.
Research In Motion Ltd., up 44 cents at $11.54
Goldman Sachs upgraded the phone maker's shares to "Buy," saying there is a chance its BlackBerry 10 phones could be a success.
Cracker Barrel Old Country Store Inc., down $3.32 at $61.78
The restaurant chain said that its fiscal first-quarter net income fell 3 percent, pulled down by severance costs and expenses.