Friday, March 01, 2013 4:45 pm
Groupon, Wendy's, Deckers Outdoor are big movers
The Associated Press
Best Buy Co. Inc., up 75 cents at $17.16
The electronics chain said that its fourth-quarter loss narrowed on better sales in the U.S. Its results beat expectations.
Salesforce.com Inc., up $12.78 at $182
The customer-management software provider's fourth-quarter loss widened to $20.8 million, but its results still beat expectations.
Signet Jewelers Ltd., down $1.53 at $59.69
A Citi analyst downgraded shares of the jewelry retailer, which operates Kay Jewelers stores, to "Neutral" from "Buy."
Groupon Inc., up 57 cents at $5.10
The online deals company fired Chief Executive Andrew Mason after another disappointing quarter.
Deckers Outdoor Corp., up $6.21 at $46.62
The footwear maker said that its fourth-quarter net income fell 23 percent, but it expects sales of its Ugg boots to improve this year.
The Wendy's Co., down 19 cents at $5.51
A Morgan Stanley analyst lowered his rating on the hamburger chain, saying it may take the company more time to reach its goals.
Foster Wheeler AG, down $3.84 at $20.22
The engineering and construction company said its fourth-quarter net income fell 84 percent. Its results missed expectations.
Icahn Enterprises LP, down $11.44 at $60.05
The investment firm of investor Carl Icahn is offering 3.2 million depositary units in a stock sale priced at $63, a 12 percent discount.