RadioShack, Mattel, Vertex are market movers

AP News
|
Posted: Jan 31, 2012 5:18 PM
RadioShack, Mattel, Vertex are market movers

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

NYSE

RadioShack Corp., down $3.05 at $7.18

The electronics and accessories retailer warned that is fourth-quarter earnings per share and gross margins fell from a year ago.

Archer Daniels Midland Co., down $1.08 at $28.63

Weakness in its oilseeds and corn processing units pushed the agricultural company's second-quarter net income down 89 percent.

United States Steel Corp., up $1.46 at $30.19

The steelmaker's fourth-quarter loss narrowed on strong demand for pipes and the company was optimistic about the current quarter.

Nasdaq

Gentex Corp., down $3.25 at $26.87

The auto parts supplier's fourth-quarter net income rose 10 percent on increased shipments of its rearview mirrors to automaker, but its results missed Wall Street expectations.

Mattel Inc., up $1.47 at $31

Demand for the toy company's Barbie and Monster High dolls pushed its fourth-quarter profit up to a better-than-expected 14 percent.

Rent-A-Center Inc., down $3.37 at $33.82

The company, which operates stores that rents furniture to customers, posted fourth-quarter revenue that missed expectations.

Vertex Pharmaceuticals Inc., up $2.21 at $36.95

The company's cystic fibrosis drug was approved by U.S. regulators, offering treatment for some of the patients with the illness.

Rex Energy Corp., down $1.15 at $9.46

The oil and gas company, based in State College, Pa., said it would offer 7 million shares to raise money to pay off debt.