Wal-Mart, Viacom, PetSmart are market movers

AP News
Posted: Nov 15, 2012 4:55 PM

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


Wal-Mart Stores Inc., down $2.59 at $68.72

The retailer said its third-quarter net income rose 9 percent, but its fourth-quarter profit outlook fell short of expectations.

Limited Brands Inc., down $1.10 at $45.50

The women's clothing retailer reported a drop in its fiscal third-quarter profit as sales slipped but managed to beat market expectations.

TransDigm Group Inc., down $5.74 at $125.65

The aircraft parts maker posted fiscal fourth-quarter results that were lower than analysts expected, and it issued a weak full-year outlook.


Viacom Inc., up $1.21 at $49.92

The owner of the Paramount film studio and several cable TV channels said that its fiscal fourth-quarter net income rose 13 percent.

The Children's Place Retail Stores Inc., down $8.09 at $48.91

The children's clothing company cut its net income forecast for the year because of more promotions after Superstorm Sandy.

Destination Maternity Corp., up $1.02 at $19.89

By attracting more shoppers and controlling costs, the maternity clothing chain said fourth-quarter net income nearly doubled.

PetSmart Inc., up $2.63 at $67.48

Thanks to higher sales, the pet retailer reported strong results during the third-quarter and raised its full-year outlook.

Ross Stores Inc., down 70 cents at $54.44

The retailer said that its net income rose 11 percent in the third quarter, but the company posted a weak holiday forecast.