Tyson Foods, BB&T, Gilead are market movers

AP News
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Posted: Feb 03, 2012 4:52 PM
Tyson Foods, BB&T, Gilead are market movers

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

NYSE

Tyson Foods Inc., up 76 cents at $19.38

The meat company's fiscal first-quarter profit fell from last year, but it said that meat prices and revenue should rise this year.

Royal Caribbean Cruises Ltd. Co., up $1.90 at $30.59

Jefferies kept its "Buy" rating on the cruise company saying that any negative effects from an Italian cruise crash will be short lived.

BB&T Corp., up $1.10 at $29.12

The regional bank said that it will acquire the insurance businesses of privately held Crump Group Inc. for $570 million in cash.

Weyerhaeuser Co., up $1.16 at $21.30

The lumber and real estate company's fourth-quarter net income fell 62 percent, but its results topped Wall Street expectations.

Nasdaq

Peet's Coffee & Tea Inc., up $5.15 at $67.24

A Baird analyst upgraded the coffee company's stock saying that it is set for a sharp jump in earnings growth in 2012 and 2013.

Digital River Inc., up $1.15 at $17.89

The online commerce technology company said that its fourth-quarter net income fell, but its results beat Wall Street expectations.

Take-Two Interactive Software Inc., up 48 cents at $16.20

The publisher of the "Grand Theft Auto" video games posted a drop in third-quarter revenue, but promised a stronger slate of games.

Gilead Sciences Inc., up $5.39 at $54.70

The biopharmaceutical company's profit grew 6 percent in the fourth quarter on greater sales of its HIV drugs including Atripla. It also reported further progress of GS-7977, a newly acquired hepatitis C treatment still in clinical testing.