Viacom, Beam, Orbitz are market movers
NEW YORK—Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Beam Inc., up $2.23 at $59.92
The maker of Jim Beam bourbon and Sauza tequila said that its first-quarter net income fell, but its results still beat expectations.
MGM Resorts International, down 63 cents at $12.92
The Las Vegas casino and hotel operator said that its first quarter loss ballooned on higher costs and one-time charges.
Orbitz Worldwide Inc., up 17 cents at $4.07
The online travel agency posted a narrower first-quarter loss as more vacationers booked packages and paid more to do it.
Weight Watchers International Inc., down $13.72 at $62.29
The weight loss company's first-quarter profit missed Wall Street expectations as the company increased spending on marketing.
Herbalife Ltd., down $6.50 at $46.20
The nutrition and weight loss company said it will buy back $427.9 million of its shares, just days after investors sold off the stock.
Target Corp., down $1.43 at $56.55
The discount retailer said that sales at stores opened at least a year rose 1.1 percent in April, but that fell short of analysts' expectations.
Viacom Inc., up $1.55 at $5.59
The owner of Paramount Pictures and MTV said its net income rose 56 percent in the latest quarter, despite weak box office results.
Green Mountain Coffee Roasters Inc., down $23.65 at $25.87
The maker of Keurig coffee brewers posted an earnings outlook for its fiscal year that fell short of Wall Street's expectations.