Target, Zale, Saks 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:
Target Corp., down $2.86 at $68.40
The retailer reported a 26 percent drop in first-quarter profit and the company also cut its annual profit outlook.
Zale Corp., up $1.20 at $6.60
The jeweler surprised Wall Street with a quick return to a profitable third quarter. Its revenue also topped Wall Street expectations.
Saks Inc., up $1.83 at $15.50
The New York Post reported that the luxury retailer is exploring strategic alternatives, including a possible sale of the company.
Booz Allen Hamilton Holding Corp., up $1.41 at $18.38
The company, which operates a management and technology consultant, said that its fiscal fourth-quarter net income rose 8 percent.
Toll Brothers Inc., up $1.06 at $37.07
The homebuilder said that its second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales.
Intuit Inc., up 70 cents at $58.59
The seller of tax-filing software TurboTax and the finance program Quicken said that its third-quarter net income rose 12 percent.
NetApp Inc., up 65 cents at $37.28
The data storage company said that it will eliminate 900 jobs as part of a restructuring effort to streamline operations.
Jamba Inc., up 15 cents at $3.04
A Wedbush analyst said that the fruit smoothie company has good opportunities to grow profit in the next few years.
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