Lululemon, Express, Arris are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Express Inc., up $3.34 at $17.40
After successful promotions during the holiday season, the clothing chain lifted its fourth-quarter and full-year forecasts.
Lululemon Athletica Inc., down $2.83 at $69.47
The yoga-inspired clothing company raised its fiscal fourth-quarter earnings guidance, but it was below analysts' expectations.
Body Central Corp., down $1.41 at $8.30
Due to worsening holiday sales trends, the women's clothing store chain cut its profit forecast for the year to below expectations.
QLogic Corp., up 56 cents at $10.74
The maker of computer networking gear raised its guidance for its fiscal third quarter on stronger revenue from two of its units.
Given Imaging Ltd., down $2.10 at $16.10
The medical equipment company is no longer considering selling itself, and one of its biggest shareholders plans to sell its stake.
Coldwater Creek Inc., down $1.13 at $3.87
The women's clothing and accessories company said that its fiscal fourth quarter loss would be larger than previously expected.
Arris Group Inc., up $1.22 at $16.56
Comcast, the cable company, will buy $150 million worth of Arris shares after purchasing the set-top cable box business of Motorola.
Logitech International SA, down 36 cents at $7.44
A Credit Suisse analyst downgraded the stock rating of the computer accessory maker, saying it is having a hard time diversifying its business.