Lilly, Gannett, Time Warner, Ciena are big movers

AP News
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Posted: Dec 10, 2009 4:56 PM

The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE:

Eli Lilly & Co., up $1.54 to $35.02

Earnings per share could grow more than 10 percent in 2010, the drug maker said, but analysts were wary of its drug pipeline.

Gannett Co., up 84 cents to $12.84

The newspaper publisher said it has successfully navigated the economic turmoil of the year and underlying trends were positive.

Smithfield Foods Inc., down 53 cents to $16.33

Weak hog prices drove the hog producer, which has been cutting pig production due to weak demand, to a quarterly loss.

Pall Corp., up $2.69 to $34.08

Sales to medical and biopharmaceutical customers were strong, and the purification systems maker issued an upbeat annual outlook.

Time Warner Inc., up $1.23 to $30.45

Shares hit a 15-month high as the media company's former Web division AOL completed its spin-off after a disastrous 8-year combination.

Western Union Co., up 81 cents to $19

The money-order company's board authorized a sixfold boost to its annual dividend and a $1 billion stock buyback plan.

NASDAQ:

Ciena Corp., down $1.51 to $11.72 Projected sales growth didn't offset the deeper-than-expected quarterly loss the computer networking equipment maker posted.

Steel Dynamics Inc., down 50 cents to $17.89

The carbon steel products maker said it expects a decline in quarterly profit due to weaker profit margins and lower shipments.