KB Home and First Solar are big market movers
Mar. 19, 2014
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
KB Home, up $1.04 to $18.72
The homebuilder moved to a profit for its first quarter, helped by higher selling prices for houses.
FedEx Corp., down 19 cents to $138.38
The package-delivery giant's latest quarterly profit rose 5 percent despite storms that raised its costs, but the results missed analysts' expectations.
General Mills Inc., up 3 cents to $50.74
The maker of Cheerios, Yoplait and Betty Crocker blamed bad winter weather and unfavorable foreign currency translation for a drop in its quarterly revenue.
JPMorgan Chase & Co., up 24 cents to $58.30
The bank sold its physical commodities business for $3.5 billion, after new regulations crimped its ability to control power plants, warehouses, and oil refineries.
Oracle Corp., down 29 cents to $38.55
Oracle said its fiscal third-quarter net income rose 2 percent, helped by higher cloud software subscription revenue, but investors wanted more growth.
Adobe Systems Inc., down 89 cents to $67.63
The maker of Photoshop software said profit dropped 28 percent in its most recent quarter.
First Solar Inc., up $11.84 to $69.40
The largest U.S. solar company forecast strong growth at an investor conference.
Paylocity Holding Corp., up $7.04 to $24.04
Shares of the cloud-based software provider soared on their first day of trading on the Nasdaq stock market.