Fossil, Office Depot, Crumbs are market movers

AP News
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Posted: Aug 07, 2012 4:51 PM
Fossil, Office Depot, Crumbs are market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Church & Dwight Co. Inc., down $3.16 at $52.54

The maker of Arm & Hammer baking soda and Trojan condoms said that its second-quarter net income fell as consumers spent less.

MGM Resorts International, up 70 cents at $10.08

The Las Vegas-based hotel and casino operator said that its second-quarter revenue rose on gambling and hotel room gains.

Office Depot Inc., down 9 cents at $1.65

The office supplies retailer said that a strong dollar and weak sales in Europe and North America hurt its second-quarter results.

Vitamin Shoppe Inc., up $3.81 at $60.52

The nutritional products retailer said that strong online sales helped drive its second-quarter net income and revenue higher.

Nasdaq

Fossil Inc., up $21.98 at $91.77

The watch maker said that its second-quarter net income climbed 12 percent, thanks to strong sales and higher demand in Asia.

Crumbs Bake Shop Inc., up $1.36 at $3.41

The bakery chain reached a deal to serve Starbucks coffees and teas at its stores. The deal may help sales of its baked goods.

US Home Systems Inc., up $3.47 at $12.53

Home improvement retailer The Home Depot Inc. said it agreed to buy the kitchen and bath resurfacing company for $94.9 million.

BroadSoft Inc., up $9.55 at $37.45

The communications software company reported better second-quarter earnings than management and Wall Street analysts expected.