FedEx, Williams-Sonoma, Adobe are big movers

AP News
Posted: Mar 20, 2013 5:07 PM

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


FedEx Corp., down $7.33 at $99.13

The shipping company said that its third-quarter profit fell 31 percent as customers shifted to less expensive shipping options.

Williams-Sonoma Inc., up $4.64 at $49.85

Thanks to gains at its West Elm brand, the home goods retailer said that net income in the fourth quarter jumped 9 percent.

Lennar Corp., up $1.98 at $43.40

The home builder said that net income more than tripled in its first quarter as new orders and deliveries continued to rise.

General Mills Inc., up $1.19 at $47.61

The food company, whose brands include Cheerios and Betty Crocker, said fiscal third-quarter net income rose 2 percent.


Research In Motion Ltd., up 97 cents at $16

A Morgan Stanley analyst upgraded the smartphone maker's stock, saying its BlackBerry 10 phones may help turn around the business.

Adobe Systems Inc., up $1.71 at $42.46

The software company, which makes programs such as Photoshop and Acrobat, reported strong results in its first quarter.

Francesca's Holdings Corp., up $1.93 at $28.91

The women's accessories and clothing store chain announced better-than-expected fourth-quarter results and issued a strong outlook.

The Fresh Market Inc., up $2.12 at $42.65

A Raymond James analyst started coverage of the grocery chain with a "Strong Buy" rating, seeing an opportunity for investors.