AP News

Sears, GameStop, Yum Brands are market movers


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

NYSE

GameStop Corp., down $1.56 at $23.19

The video game retailer reported lower holiday sales and said fourth-quarter earnings would be at the low end of its guidance.

Yum Brands Inc., down $2.85 at $65.04

The fast food chain expects KFC's sales in China to suffer due to a recent government investigation of its poultry.

Acuity Brands Inc., down $3.51 at $65.46

The lighting maker said that its fiscal first-quarter net income fell 13 percent, due to the cost of closing a Georgia plant.

Lindsay Corp., up $6.01 at $86.03

The irrigation systems maker said its net income grew more than fourfold in its fiscal first quarter due to drought conditions.

IHS Inc., up $5.19 at $102.09

The business information and analytics firm said that its fiscal fourth-quarter net income more than doubled as revenue improved.

Nasdaq

Sears Holdings Corp., down $2.76 at $40.16

The department store operator's current CEO is stepping down next month and will be replaced by chairman Edward Lampert.

Celgene Corp., up $5.68 at $91.41

Shares of the biotech drugmaker rose a day after it said it expected 2012 financial results to be on the higher end of its guidance.

Cypress Semiconductor Corp., down 93 cents at $10.12

The microchip maker issued preliminary fourth-quarter financial results that were far short of Wall Street's expectations.


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