Abercrombie, Autodesk, Tyco are big market movers

[November 17, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Abercrombie & Fitch Co., down $7.60 at $48.10

The preppy teen retailer reported third-quarter results that missed expectations due to higher costs and a slowdown in Europe.

American Eagle Outfitters Inc., up 33 cents at $13.97

The teen retailer said that it has hired longtime Levi's executive Robert Hanson to succeed CEO Jim O'Donnell, who is retiring.

Tyco International Ltd., up $1.20 at $46.99

The manufacturer said its fiscal fourth-quarter earnings climbed 50 percent, spurred in part to growth in its flow control business.

Target Corp., down 24 cents at $52.94

The retailer posted an increase in third-quarter profits, helped by solid spending and improvement in its credit card business.

Nasdaq

Autodesk Inc., up $1.54 at $35.58

The software maker said its third-quarter net income rose 35.8 percent on strong revenue growth across all of its businesses.

Bob Evans Farms Inc., down $2.07 at $31.63

The seller of sausage and other food items under the Bob Evans and Owens names posted second-quarter results that missed expectations.

Fossil Inc., up 25 cents at $91.83

A Jefferies analyst reiterated his "Buy" rating on the watchmaker's stock, saying that its new lines and businesses are growing.

Century Aluminum Co., down 71 cents at $10.37

The chief executive of the aluminum producer left the company, resigned as a director, and is suing it alleging breach of contract.

[Associated Press]

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