(Updates to add Brocade, Boeing, Bon-Ton, GameStop and Barnes
& Noble)
NEW YORK, May 21 (Reuters) - Some U.S. stocks on the move
on Thursday:
BANK OF AMERICA CORP (BAC.N)
The bank wants to repay $45 billion in bail-out funds by
the end of the year, according to a report in the Financial
Times. [ID:nN20542015]
Shares of the Dow component was flat at $11.50.
BOEING CO (BA.N)
The Dow component affirmed its full-year earnings outlook
and said it didn't anticipate any large acquisition
transactions in 2009. [ID:nWEN9459]
Shares of the Dow component fell 2.4 percent to $43.50.
SONY CORP (SNE.N) (6758.T)
The electronics retailer said it would halve the number of
its suppliers over the next two years, and is aiming to cut its
procurement costs by 20 percent this year. [ID:nBNG398847]
U.S.-listed shares of Sony fell 0.6 percent to $25.95.
HORMEL FOODS CORP (HRL.N)
The food company reported an increase in its second-quarter
earnings and forecast full-year results to be at the upper end
of its previously announced outlook. [ID:nN21514211]
Shares rose 2.4 percent to $33.75.
SUNTECH POWER HOLDINGS INC (STP.N)
The company reported a surprise first-quarter profit and
forecast moderate revenue growth in the second quarter. It also
announced a follow-on public offering of 20 million ADSs.
[ID:nBNG24881]
Shares fell 7.9 percent to $14.58.
BARNES & NOBLE INC (BKS.N)
The company reported a first-quarter loss that was narrower
than expected and gave a second-quarter outlook.
[ID:nN21193069]
Shares rose 7.2 percent to $25.62.
BROCADE COMMUNICATIONS SYSTEMS INC (BRCD.O)
The company reported first-quarter results that beat
expectations and said it was confident it could beat its
previous full-year forecast. [ID:nN21535043]
Shares rose 6.4 percent to $6.65.
BON-TON STORES INC (BONT.O)
The company reported its first-quarter results and said it
was on track to meet its annual savings goal. [ID:nBNG231829]
Shares slid 3.3 percent to $4.05.
GAMESTOP CORP (GME.N)
The company reported its first-quarter results and gave a
full-year outlook. [ID:nWNAB2385]
Shares sank 12 percent to $23.44.
STEIN MART INC (SMRT.O)
The discount retailer reported first-quarter earnings that
beat expectations. [ID:nBNG229550]
The stock soared 45 percent to $6.44.
CHILDREN'S PLACE RETAIL STORES INC (PLCE.O)
The company reported adjusted first-quarter earnings that
met expectations and revenue that was ahead of consensus.
[ID:nBNG431752]
Shares fell 2.8 percent to $33.32.
GOOGLE INC (GOOG.O)
The company has decided against buying a newspaper,
according to a report in the Financial Times that quoted its
CEO. [ID:nLK101627]
Shares were up 0.2 percent to $397.21.
CITI TRENDS INC (CTRN.O)
The company posted first-quarter profit and revenue that
beat expectations. [ID:nBNG450704]
Shares fell 2 percent to $22.26 after rising in after-hours
trade on Wednesday.
HOT TOPIC INC (HOTT.O)
The apparel company forecast a second-quarter loss on a
slowdown in traffic. [ID:nBNG447955]
Shares fell 13 percent to $7.59.
PETSMART INC (PETM.O)
The specialty pet retailer reported its quarterly results
and gave a 2009 outlook. Goldman Sachs also downgraded the
stock to neutral. [ID:nBNG440888]
Shares fell 8.3 percent to $20.44.
COMMSCOPE INC (CTV.N)
The communications cable maker plans to raise $200 million
from a notes offering and sell eight million shares, the
proceeds from which will be used to repay some debt.
[ID:nBNG397628]
Shares fell 10 percent to $22.47.
MAINSOURCE FINANCIAL GROUP (MSFG.O)
The financial holding company slashed its quarterly
dividend by 65 percent. [ID:nBNG394984]
Shares fell 3.6 percent to $8.10.
SYNOPSYS INC (SNPS.O)
The company posted second-quarter results that beat
analysts' expectations but cut its 2009 revenue outlook.
[ID:nBNG489618]
Shares fell 8.6 percent to $19.78.
