H&R Block, Garmin, Autodesk, Zale, FMC Technologies among big market movers Wednesday

H&R Block, Garmin, Autodesk are big movers

NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Bowne & Co. Inc., up $4.18 at $11.15

Printing services company R.R. Donnelley & Sons Co. agreed to acquire Bowne for about $481 million in cash.

H&R Block Inc., down $2.41 at $17.32

The tax preparer said 2010 results will be lower than expected as more people turn to do-it-yourself services due to the weak economy.

Culp Inc., down $3.43 at $12.97

An analyst downgraded the fabric maker’s stock to “Market Perform” from “Strong Buy,” saying it’s overvalued.

FMC Technologies Inc., up $2.11 at $56.05

An analyst raised his rating on the stock, saying that order flow and backlog in its subsea business will trend higher than expected.

Zale Corp., up 22 cents at $2.78

Helped by closing stores and cutting costs, the jeweler posted a fourth-quarter profit in spite of anemic sales.

NASDAQ:

Stec Inc., down $3.15 at $10.27

The maker of data storage devices said first-quarter revenue would be as much as 53 percent lower than what Wall Street expected.

Autodesk Inc., up $2.23 at $27.89

The design software maker beat expectations for its fourth-quarter earnings and revenue as demand for the company’s products improved.

Garmin Ltd., down $2 at $32.45

Garmin said fourth-quarter net income grew 77 percent as the navigation device maker controlled costs.