Ford, DR Horton, Tupperware are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Ford Motor Co., down 64 cents at $13.14
The automaker reported better-than-expected 2012 profits, but warned that it expects to lose more money than expected in Europe.
DR Horton Inc., up $2.51 at $23.82
Thanks to improving home prices and better sales, the homebuilder said its first-quarter net income more than doubled.
Beazer Homes USA Inc., up $1.02 at $19.20
The homebuilder slid to a loss in its fiscal first quarter, but the loss was smaller than Wall Street analysts had anticipated.
Tupperware Brands Corp., up $3.42 at $73.75
The seller of plastic storage containers said its fourth-quarter net income fell, but adjusted results still beat analysts' expectations.
VMware Inc., down $21.18 at $77.14
The software company posted a disappointing outlook and said it was cutting 900 jobs, or about 7 percent of its workforce.
Boston Scientific Corp., up 24 cents at $7.10
The medical device maker plans to cut as many as 1,000 more jobs this year as it expands a push to reduce operating costs.
Valero Energy Corp., up $4.96 at $43.77
The refinery operator's fourth-quarter profit rose on higher refining margins, as it swapped foreign crude for cheaper domestic oil.
Kulicke and Soffa Industries Inc., down $1.07 at $11.78
The semiconductor equipment maker said its first-quarter net income fell 58 percent as revenue declined and costs rose.