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Tyson Foods, BB&T, Gilead are market movers
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The Associated Press
4:56 PM Friday, February 3, 2012
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Tyson Foods Inc., up 76 cents at $19.38
The meat company's fiscal first-quarter profit fell from last year, but it said that meat prices and revenue should rise this year.
Royal Caribbean Cruises Ltd. Co., up $1.90 at $30.59
Jefferies kept its "Buy" rating on the cruise company saying that any negative effects from an Italian cruise crash will be short lived.
BB&T Corp., up $1.10 at $29.12
The regional bank said that it will acquire the insurance businesses of privately held Crump Group Inc. for $570 million in cash.
Weyerhaeuser Co., up $1.16 at $21.30
The lumber and real estate company's fourth-quarter net income fell 62 percent, but its results topped Wall Street expectations.
Nasdaq
Peet's Coffee & Tea Inc., up $5.15 at $67.24
A Baird analyst upgraded the coffee company's stock saying that it is set for a sharp jump in earnings growth in 2012 and 2013.
Digital River Inc., up $1.15 at $17.89
The online commerce technology company said that its fourth-quarter net income fell, but its results beat Wall Street expectations.
Take-Two Interactive Software Inc., up 48 cents at $16.20
The publisher of the "Grand Theft Auto" video games posted a drop in third-quarter revenue, but promised a stronger slate of games.
Gilead Sciences Inc., up $5.39 at $54.70
The biopharmaceutical company's profit grew 6 percent in the fourth quarter on greater sales of its HIV drugs including Atripla. It also reported further progress of GS-7977, a newly acquired hepatitis C treatment still in clinical testing.
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February 03, 2012 09:52 PM EST
Copyright 2012, The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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