AP News

Rite Aid, CarMax, Darden are market movers


NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Darden Restaurants Inc., down $1.34 at $45.47

The owner of the Olive Garden chains said its second-quarter net income fell 37 percent, as revamped menus failed to draw diners.

Rite Aid Corp., up 17 cents at $1.21

The drugstore chain said that it filled more prescriptions in its fiscal third quarter and more generic drugs helped profitability.

Discover Financial Services, down $1.36 at $38.41

The credit card company's net income rose 6 percent as more people paid off their balances, but its earnings missed analysts' expectations.

KB Home, down $1.06 at $15.60

The homebuilder said that its fourth-quarter net income dropped 45 percent compared with the same quarter last year.

Winnebago Industries Inc., up $2.25 at $16.33

Improving demand for its recreational vehicles helped the company's fiscal first-quarter net income grow more than sevenfold.

CarMax Inc., up $3.13 at $37.97

Thanks to higher sales of used cars, the automobile dealer posted a 15 percent increase in profit during the third quarter.

Navistar International Corp., down 80 cents at $20.12

The truck maker, which is in the middle of a turnaround effort, posted a fourth-quarter loss on weaker revenue and a tax expense.

Nasdaq

Bed Bath & Beyond Inc., down $3.92 at $56.36

The home goods seller posted an earnings forecast for the current quarter and full year that missed Wall Street's expectations.


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