AMR, NYT, CarMax, Adobe among big market movers

[September 23, 2010]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

• AMR Corp., down 60 cents at $6.28
  
  Analysts said the third quarter revenue forecast from the owner of American Airlines was too weak.

• The New York Times Co., down 52 cents at $7.45
  
  The newspaper publisher expects a loss in the third quarter, saying growth in digital ad sales will not make up for print ad declines.

• CarMax Inc., up $2.04 at $26.16
  
  Quarterly profit rose nearly 5 percent at the used car dealership chain as auto sales and customer prices increased.

• General Mills Inc., 96 cents at $36.63
  
  Higher prices and stronger sales of cereals, yogurts and other products boosted the food maker's quarterly profit by 12 percent.

• Jefferies Group Inc., down $1.25 at $23
  
  The investment bank's quarterly net income fell by almost half, missing analyst expectations, because of lower trading volumes.

NASDAQ

• Adobe Systems Inc., down $6.27 at $26.67
  
  The Photoshop software maker's revenue outlook disappointed because of tame demand in Japan and from the U.S. education market.

• Brocade Communications Systems Inc., up 61 cents at $6.26
  
  Online reports that IBM was interested in buying the computer networking equipment maker lifted shares.

• EBay Inc., down 40 cents at $24.34
  
  The e-commerce company said the president of eBay Marketplaces, its largest unit, is stepping down without an immediate replacement.

[Associated Press]

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