Tiffany and Michael Kors are big market movers
May 27, 2015, 1:38 PM
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Tiffany & Co., up $9.01 to $94.54
The luxury jeweler reported better-than-expected first-quarter profit and revenue and issued a strong earnings outlook.
Michael Kors Holdings Ltd., down $14.66 to $45.93
The seller of handbags and clothing issued a weak outlook and said sales are being pressured by foreign-currency fluctuations.
Workday Inc., down $10.49 to $82
The human resources software company reported solid quarterly results, but issue a disappointing billings outlook.
DSW Inc., up 90 cents to $35.15
The footwear and accessories retailer reported better-than-expected first-quarter profit.
Brown Shoe Co., up $1.25 to $31.41
The retailer that owns Famous Footwear shoe stores reported better-than-expected first-quarter profit and revenue.
Nasdaq
Hydrogenics Corp., up $2.08 to $11.10
The hydrogen power company signed a 10-year deal to supply Alston Transport with fuel cells for commuter trains in Europe.
Meru Networks Inc., up 23 cents to $1.61
The networking technology company is being bought by cybersecurity company Fortinet Inc. for $44 million in a cash deal.
GlobeImmune Inc., down $4.23 to $4.01
The biotechnology company’s hepatitis B drug, in development with Gilead Sciences, failed to meet a key study goal.
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