Wal-Mart, Staples, Geron are big market movers

[November 16, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Dick's Sporting Goods Inc., up $1.83 at $41.41

The sporting goods retailer said its third-quarter net income more than doubled and the company raised its full-year guidance.

Wal-Mart Stores Inc., down $1.43 at $57.46

The retail giant posted its first quarterly gain at its namesake stores, but the company's third-quarter profits fell 2.9 percent.

Staples Inc., down 56 cents at $14.81

The office supplies retailer said that its profit rose in the third quarter, but overall revenue was short of what analysts expected.

Saks Inc., up 17 cents at $10.37

The department store chain said its third-quarter net income slid 51 percent, but results beat what Wall Street was expecting.

Jacobs Engineering Group Inc., up $3.03 at $41.17

The construction services company said its fourth-quarter profit rose 22 percent on improving revenue from engineering contracts.

Moneygram International Inc., down $2.49 at $18.39

The money transfer company announced a 1-for-8 reverse stock split and a secondary public offering of more than 11 million shares.

Nasdaq

Geron Corp., down 45 cents at $1.75

The stem cell therapy pioneer said it would abandon stem cell research because of the high costs and commercial uncertainties.

Urban Outfitters Inc., up 2 cents at $26.85

The retailer said that its third-quarter net income fell nearly 31 percent, as markdowns and softer sales shrank its profit margin.

[Associated Press]

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