HP, Campbell Soup, Zale are big market movers
NEW YORK—Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Medtronic Inc., up $1.48 at $34.75
The medical device maker posted higher earnings as sales of newer devices made up for a slump in its heart and spine implants.
Campbell Soup Co., down $1.77 at $31.84
The food company said that its first quarter net income fell 5 percent as the company worked to turn around its soup business.
Collective Brands Inc., down $1.99 at $11.71
The company, which owns the Payless ShoeSource chain, cautioned that its gross margin would remain pressured in the fourth quarter.
Zale Corp., down 12 cents at $3.44
The jewelry seller narrowed its first-quarter loss by two-thirds from a year ago on higher sales, much more than analysts expected.
Hewlett-Packard Co., down 21 cents at $26.65
The technology company said its net income plunged in the latest quarter as revenue declined in three of its main business lines.
Chico's FAS Inc., down $1.67 at $9.94
The women's clothing company said its third-quarter net income fell because of increased discounting and acquisition related costs.
Gilead Sciences Inc., up $2.50 at $38.76
A BMO Capital Markets analyst upgraded the drugmaker's stock saying that its $11 billion purchase of Pharmasset will add growth.
China Real Estate Information Corp., down 29 cents at $4.79
The Chinese real estate information and consulting company posted a third-quarter net loss as China's real estate market cools.