Barnes & Noble, Target, Zumiez are big movers

AP News
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Posted: Jan 05, 2012 4:44 PM
Barnes & Noble, Target, Zumiez are big movers

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

MetroPCS Communications Inc., down 78 cents at $8.01

The cellphone company said that it added a net 197,410 subscribers in the fourth quarter, below what analysts were expecting.

Eli Lilly & Co., down 41 cents at $40.30

The drugmaker expects a steeper-than-expected earnings drop this year due to the expiration of a patent for its antipsychotic drug.

Barnes & Noble Inc., down $2.31 at $11.24

The bookseller said it is reviewing its options for its Nook e-book business and might separate it from its core bookstore business.

Target Corp., down $1.49 at $48.51

The discount retailer cut its fourth-quarter earnings expectations after a key revenue figure rose less than expected in December.

Eastman Kodak Co., down 5 cents at 42 cents

The photography company's stock fell again, a day after The Wall Street Journal reported that it was preparing for a Chapter 11 filing.

Nasdaq

Ross Stores Inc., up $2.80 at $50.42

The discount store operator lifted its fourth-quarter earnings forecast after its key December revenue figure beat analyst estimates.

Ancestry.com Inc., up $4.60 at $27.47

The company, which allows users to trace their family roots online, said it has 1.7 million subscribers, better than it expected.

Zumiez Inc., up $4.62 at $30.95

The sports related-clothing and equipment retailer reported strong December revenue and raised its fourth-quarter guidance.