(Updates to afternoon trade, adds Kindle, Simon Property,
Thomson Reuters, BJ's Wholesale and Expeditors)
NEW YORK, May 7 (Reuters) - Some U.S. stocks on the move on
Thursday:
GENERAL MOTORS GM.N
The automaker reported a first-quarter loss and said it
burned through $10.2 billion in the first quarter. For story
see [ID:nN06340190].
Shares of the company, a Dow component, fell 3.6 percent to
$1.60.
WAL-MART STORES INC (WMT.N)
The discount retailer, a Dow component, reported April
same-store sales results that beat expectations.
[ID:nN07455499]
Shares rose 1.5 percent to $50.26.
TARGET CORP (TGT.N)
Shares of the retailer advanced 2.2 percent to $42.40 after
it reported April same-store sales growth of 0.3 percent.
[ID:nWNAB5458]
DUPONT CO (DD.N)
The chemical maker said it would cut another 2,000 jobs as
part of cost-cutting plans and take a second-quarter charge of
$340 million to $390 million. [ID:nN07337677]
Shares of the Dow component dropped 3.9 percent to $27.63.
GAP INC (GPS.N)
The company reported a drop of 4 percent in April
same-store sales. The analyst consensus was for a drop of 7.8
percent. [ID:nWNAB5372]
Shares surged 2.6 percent to $16.75.
BJ'S WHOLESALE (BJ.N)
Shares of the discount retailer rose 8 percent to $36.70
after it raised its first-quarter forecast. [ID:nN07358999]
KENDLE INTERNATIONAL INC (KNDL.O)
Shares of the drug-development services company rose 5.2
percent to $10.11 after it reported first-quarter earnings that
beat expectations. [ID:nBNG445375]
EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD.O)
Shares of the company fell 7 percent to $34.52 after it
reported quarterly results that were lower than expected.
[ID:nBNG363254]
SIMON PROPERTY GROUP INC (SPG.N)
Shares of the mall owner fell 5.2 percent to $51.98 after
it raised the number of shares it will sell under its second
stock offering in less than two months and priced them at $50
per share. [ID:nN07313638]
THOMSON REUTERS CORP
Shares of the business information company slid 5.8 percent
to $29.75 after it reported first-quarter results and affirmed
its outlook. [ID:nN07348462]
DIRECTV GROUP (DTV.O)
The company reported a decline in its first-quarter profit
but added more subscribers than expected. [ID:nN06299952]
Shares fell 1.6 percent to $23.92.
CABLEVISION SYSTEMS CORP (CVC.N)
The company swung to a first-quarter profit, helped as it
added more Internet and phone customers despite competition.
[ID:nN06286398]
Shares rose 1.4 percent to $18.59.
DOW CHEMICAL CO (DOW.N)
The company said its public offering of about 130 million
shares priced at $15 a share, a discount of about 1 percent to
the stock's Wednesday closing price. [ID:nN07341495]
Its shares slid 0.5 percent to $15.11.
COSTCO WHOLESALE CORP (COST.O)
The retailer reported its April sales results.
[ID:nWNAB5000]
The stock fell 2.2 percent to $45.86.
NASDAQ OMX GROUP (NDAQ.O)
The company reported adjusted first-quarter earnings that
beat expectations. [ID:nN06328800]
Shares fell 7.5 percent to $20.
SARA LEE CORP (SLE.N)
The food company reported third-quarter results that beat
expectations. [ID:nN07337436]
Shares rose 6.1 percent to $9.51.
WARNER MUSIC GROUP (WMG.N)
The company reported an adjusted second-quarter loss that
was narrower than expected. [ID:nN07301590]
Shares fell 9.9 percent to $4.91.
