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La-Z-Boy, Adobe, Tetra Tech are big movers | ||||||||||||||||||||||
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Alcatel-Lucent SA, up 6 cents at $1.93 The telecommunications equipment manufacturer said that it launched a major effort to shed businesses and jobs to cut costs. FedEx Corp., up $1.10 at $100.58 The package delivery company's fourth-quarter profit fell 45 percent, but the results beat Wall Street expectations. The Men's Wearhouse Inc., down 43 cents at $37.04 The men's clothing company said that it fired the founder and face of the company, executive chairman George Zimmer. La-Z-Boy Inc., down 51 cents at $19.77 The Monroe, Mich.-based furniture maker reported that its fiscal fourth-quarter net income fell compared with last year's quarter. Nasdaq Adobe Systems Inc., up $2.42 at $45.78 The software maker said profit shrank in its fiscal second quarter, but its Creative Cloud subscriptions kept rising. DreamWorks Animation SKG Inc., up 64 cents at $24.95 The animation studio, known for its "Shrek" and "Madagascar" films, said it expects revenue from TV shows to double. Tetra Tech Inc., down $3.64 at $23.09 The engineering services company said it will take a loss in the fiscal third quarter as it absorbs about $95 million in charges. Pool Corp., down $3.15 at $51.57 The distributer of supplies for swimming pools cut its profit estimate for the year because cool, wet weather hurt sales. © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use. | ||||||||||||||||||||||
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