AP News

J.C. Penney, Stage Stores, ViaSat are big movers


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

NYSE

J.C. Penney Co., down 78 cents at $18.01

Still reeling from its former CEO's turnaround plan, the department-store chain said that its loss in the first quarter widened.

Stage Stores Inc., down $1.89 at $24.19

The department-store operator's first-quarter loss widened as it spent to consolidate some facilities and struggled to get shoppers in its doors.

Nordstrom Inc., down 45 cents at $60.68

The retailer's first-quarter net income fell due to weak demand for spring merchandise and softer performance in the Northeast and Midwest.

Nasdaq

Autodesk Inc., down $2.67 at $37.11

The design software company reported first-quarter results that disappointed investors, blaming mixed economic conditions worldwide.

SINA Corp., up 76 cents at $59.57

The operator of a popular Chinese Internet portal narrowed its first-quarter loss on improved revenue.

ViaSat Inc., up $11.57 at $71.38

The satellite and wireless networking technology provider returned to a profit in its fiscal fourth quarter after a boost from new contracts.

Aruba Networks Inc., down $4.51 at $13.10

The wireless communications company posted a loss in its fiscal third quarter, as spending increased and sales growth weakened.

Brocade Communications Systems Inc., down 20 cents at $5.54

The computer networking technology maker said its fiscal second-quarter sales fell because of a slowdown in the storage market.


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