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Toyota, Best Buy among big market movers By the Associated Press NEW YORK (AP) -- Stocks that are moving substantially or trading heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Toyota Motor Corp., down $4.20 at $100.56 The automaker said weak sales pulled first-quarter profit down 28 percent, and that it expected annual profit to drop for the first time in seven years. Best Buy Co., down $1.40 at $42.05 It will pay $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the Carphone Warehouse. Cablevision Systems Corp., up $1.01 at $24.76 Losses from derivative contracts helped widen its first-quarter loss, but the New York cable-TV provider's revenue rose 10 percent. Wal-Mart Stores Inc., up 33 cents at $57.16 It said sales of groceries and flat-screen TVs helped April same-store sales beat analyst expectations. Wachovia Corp., down 88 cents at $27.83 Shares fell, even an analyst upgraded the bank after meeting with management, and said it is focused on surviving the credit crunch. NASDAQ Hansen Natural Corp., down $5.46 at $30.14 Sales of its Monster energy drink boosted profit 43 percent, but results still missed analyst expectations. Crocs Inc., up $1.44 at $11.40 The shoe maker said high charges from closing a Canadian plant fueled a first-quarter loss, but it beat analyst expectations. Energy Conversion Devices Inc., up $15.10 at $49.91 The alternative energy company turned a fiscal third-quarter profit and guided its fiscal fourth-quarter mostly above analyst expectations. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP material nor any portion thereof may be stored in a computer except for personal and non-commercial use. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
