Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Albertsons Inc., down 90 cents at $19.97
The grocery chain’s earnings rose compared to last year despite pressure from hurricane-related costs, but missed Wall Street profit expectations by a penny per share
Liberty Media Corp., up 27 cents at $10.50
The company said it would spin off its Ascent Media Group Inc. and its stake in cable network group Discovery Communications Inc. into a new publicly traded company.
Station Casinos Inc., up $7.38 at $68.92
The Las Vegas casino operator boosted its first-quarter earnings expectations.
CMGI Inc., up 45 cents to $2.26
The company swung to a penny-per-share profit compared to a year-ago loss.
Comverse Technology Inc., up $1.93 at $25.58
The communications software company posted stronger-than-expected quarterly profits.
Ulticom Inc., down $1.98 at $11.27
The software company’s earnings disappointed investors despite meeting Wall Street expectations.