Citigroup, AnnTaylor, Smucker, Gap big movers
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
AnnTaylor Stores Corp., down 52 cents at $4.83
Lower consumer spending and a restructuring charge caused a third-quarter loss, and the women's clothing retailer is cutting capital spending.
J.M. Smucker Co., up $5.80 at $44.05
More consumers are eating at home to save money, and the prepared foods maker said revenue rose 19 percent, also due to acquisitions.
Citigroup Inc., down 94 cents at $3.77
Fears about future loan losses and a weaker credit market have analysts wondering about a partial or full sale for the banking giant.
Gap Inc., up $2.59 at $12.10
The operator of Gap, Banana Republic and Old Navy stores reported better-than-expected third-quarter profit, partly due to cost-cutting.
Barnes & Noble Inc., up $1.21 at $13.46
While the book seller reported a larger-than-expected quarterly loss, it said its financial position and balance sheet are in "excellent shape."
Foot Locker Inc., down $2.14 at $5.49
Adjusted quarterly profit fell 18.2 percent and the athletic goods retailer slashed its outlook for fiscal 2008 on slumping sales.
NASDAQ
Autodesk Inc., down $2.45 at $14.37
The design software maker said fiscal fourth-quarter earnings will fall from year-earlier results and said business conditions are tough.
Epicor Software Corp., down 54 cents at $3.05
Hedge fund Elliott Associates LP ended its hostile bid to buy the business-software company's outstanding shares for $7.50 per share.










November 21, 2008 07:46 PM EST |
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