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:
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.
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.