Sprint and Office Depot are big market movers

AP News
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Posted: Nov 04, 2014 4:29 PM

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

NYSE

Sprint Corp., down $1.02 to $5.18

The wireless phone company reported a wider-than-expected quarterly loss and said it will cut 2,000 jobs in a cost-cutting measure.

Michael Kors Holdings Ltd., down $6.57 to $71.42

The luxury fashion retailer expects profit and revenue during the holiday season to fall short of Wall Street expectations.

Herbalife Ltd., down $11.64 to $44.26

The supplements seller reported worse-than-expected quarterly results and a weaker-than-expected full-year outlook.

Chevron Corp., down $1.41 to $115.37

The energy company's stock fell with the price of crude oil following reports that Saudi Arabia is cutting prices for U.S. customers.

Nasdaq

Office Depot Inc., up $1.26 to $6.33

The office supply retailer reported better-than-expected quarterly results and raised its outlook for the year.

RetailMeNot Inc., down $6.05 to $14.35

The digital coupon company set weaker-than-expected financial guidance and said its chief financial officer will step down.

Discovery Communications Inc., down $2.36 to $33.31

The cable TV channel operator beat quarterly profit expectations, but revenue fell short and it lowered its revenue outlook.

Rosetta Resources Inc., down $3.10 to $34.44

The oil and gas company reported worse-than-expected third-quarter profit despite quarterly revenue that topped forecasts.