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Movers roundup: McDermott Int'l, Gildan Activewear

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April 29, 2008

Among the stock activity stories for Tuesday, April 29, from AP Financial News:

NEW YORK (AP) -- Shares of McDermott International Inc. fell sharply on Tuesday after the Houston-based energy services company predicted first-quarter profit below analyst estimates.

NEW YORK (AP) -- Shares of Gildan Activewear Inc. fell to a 52-week low Tuesday after the Canadian sportswear maker cut its guidance below expectations because of production shortfalls that are affecting sales growth.

NEW YORK (AP) -- Scientific Games Corp.'s stock climbed Tuesday as investors welcomed news that Chief Executive A. Lorne Weil will step down at the end of the year and be replaced by Intelstat Ltd. chairman Joseph R. Wright Jr.

NEW YORK (AP) -- Shares of Safeway Inc. ticked higher Tuesday after an analyst applauded the supermarket operator's first-quarter results and said the company is poised to beat the Street's earnings target in 2008.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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