Wells Fargo, Thermo Fisher, Hershey, eBay, Steve Madden are big market movers Thursday
By APThursday, April 23, 2009
Wells Fargo, Thermo Fisher, Hershey big movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Wells Fargo & Co., up $1.91 at $20.09
Shares gained for a second day on the bank’s growing market share and mortgage loan income, which boosted quarterly profit.
Thermo Fisher Scientific Inc., down $2.80 at $32.39
The scientific instrument maker cuts its outlook for 2009 below Street expectations, saying business conditions haven’t improved yet.
Royal Caribbean Cruises Ltd., up $2.35 at $13.76
Bookings are stabilizng and costs dropped more than had been thought for the cruise operator, which issued a bright outlook.
Hershey Co., up $1.39 at $37.45
Price increases, lower dairy costs and Easter sales helped drive the country’s No. 2 candy maker to a better-than-expected profit.
United Parcel Services Inc., down $1.42 at $53.33
The largest U.S. shipping carrier, considered an economic bellwether, laid off 10,000 domestic jobs in 2009 and issued a bleak outlook.
EMC Corp., down 53 cents at $12.17
The tech company said information technology spending is near a bottom, but warned that customers are still delaying big orders.
NASDAQ
EBay Inc., up $1.84 at $16.62
Analysts applauded management’s customer-service changes to the online marketplace operator’s sites, and profit topped estimates.
Steve Madden Ltd., up $3.50 at $27.16
Strong sales of women’s and children’s shoes are going to more than triple the footwear company’s first-quarter earnings from last year.
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