Express and TurboTax maker Intuit sink on weak forecasts

AP News
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Posted: Aug 24, 2016 4:47 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:

Express Inc., down $4.09 to $11.94

The maker of clothing for young adults slashed its full-year forecast.

Intuit Inc., down $3.99 to $109.85

The marker of TurboTax and QuickBooks software released forecasts that fell below analysts' expectations.

Freeport-McMoRan Inc., down 90 cents to $11.08

Metals and mining stocks took hefty losses following disappointing results from the European mining giant Glencore.

Anadarko Petroleum Corp., down $1.89 to $54.16

Energy companies took another tumble as the price of crude oil continued to fall.

La-Z-Boy Inc., down $3.96 to $27.24

The furniture maker reported earnings and revenue that fell short of analysts' forecasts.

KLX Inc., up 2 cents to $36.95

The maker of aerospace fasteners and other products reported results that beat analysts' forecasts.

Lannett Co., up $4.43 to $36.75

The maker of generic pharmaceuticals reported results that were far better than investors were expecting.

Fitbit Inc., down 7 cents to $14.81

The maker of wearable fitness trackers announced that the International Trade Commission found in the company's favor in a complaint brought by Jawbone.