Big Movers in the Stock Market
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NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Limited Inc., down 28 cents at $18.01
The retailer posted fourth-quarter earnings of 75 cents a share, 2 cents higher than analysts were expecting. But Limited also said it expects first-quarter profits to be about flat compared with last year.
Intimate Brands Inc., down 37 cents at $19.33
Intimate Brands said it anticipates first-quarter earnings to be flat compared with last year, and projects 2002 profit growth in the low- to mid-single digit range.
Johnson & Johnson, up 67 cents at $60.90
Johnson & Johnson subsidiary Centocor Inc. received marketing approval from the Food and Drug Administration for Remicade, a drug shown to improve physical function in patients with rheumatoid arthritis.
Gateway Inc., down 50 cents at $4.60
Gateway issued a first-quarter profit warning late Wednesday, saying it expects to lose 18 to 25 cents a share rather than the 8 cent loss Wall Street was expecting.
Wild Oats Markets Inc., down 95 cents at $8.05
The operator of natural foods supermarkets recorded a fourth-quarter loss of 14 cents a share, double the shortfall that analysts were expecting.
eBay Inc., up $2.94 at $52.05
Morgan Stanley analyst Mary Meeker raised her rating on the Internet auctioneer’s stock to ``buy″ from ``outperform.″ Meeker cited a recent slump in eBay’s stock price.