Wal-Mart, Sears, GameStop are market movers

AP News
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Posted: May 17, 2012 5:42 PM
Wal-Mart, Sears, GameStop are market movers

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

NYSE

Wal-Mart Stores Inc., up $2.49 at $61.68

The discount retailer's low prices brought more shoppers to its stores in the first quarter, pushing its profit up 10.1 percent.

Media General Inc., up $1.04 at $4.18

Warren Buffett's company, Berkshire Hathaway Inc., said it is buying 63 newspapers from the local news company for $142 million.

GameStop Corp., down $2.32 at $18.52

The video game retailer posted a 10 percent drop in first-quarter profit and its second-quarter outlook disappointed Wall Street.

Advance Auto Parts Inc., down $13.93 at $68.17

The auto parts seller posted a 22 percent increase in first-quarter profit, but its results were short of Wall Street expectations.

Buckle Inc., up $1.21 at $42.86

The retailer said that its fiscal first-quarter net income rose 13 percent as shoppers spent more money in stores and online.

Nasdaq

Sears Holdings Corp., up $1.55 at $52.42

The retailer said it returned to a profit in the first quarter as it benefited from a gain on the sale of underperforming stores.

Bon-Ton Stores Inc., down 39 cents at $4.02

The department store chain said that its fiscal first-quarter loss widened as sales declined and it discounted its merchandise.

Dollar Tree Inc., down $6.17 at $95.13

The discount retailer said that its profit increased 15 percent in the first quarter as consumers spent more at its stores.


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