Gap, Foot Locker, HP are big market movers

[November 19, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Gap Inc., down 49 cents at $18.76

The retailer said that its third-quarter profit fell 36 percent due in part to steep discounting and rising production costs.

Foot Locker Inc., up 56 cents at $22.38

The athletic shoe retailer said that its third-quarter profit rose 27 percent as same-store sales climbed from a year ago.

Salesforce.com, down $12.66 at $113.43

The Internet-based software maker posted a third-quarter net loss and said fourth-quarter earnings may fall short of estimates.

Dolby Laboratories Inc., up $3.01 at $30.70

The entertainment technology company said its fiscal fourth-quarter profit rose 22 percent as its licensing revenue increased.

Hewlett-Packard Co., up 70 cents at $27.99

The computer and printer company appointed an activist investor and Relational Investors co-founder Ralph Whitworth to its board.

Moneygram International Inc., down 78 cents at $16.25

The money transfer company priced a stock offering by its shareholders at $16.25 per share, 4.6 below its last closing price.

Exco Resources Inc., down 62 cents at $10.81

A Stifel Nicolaus analyst downgraded the Dallas petroleum company's stock rating and cut its oil and gas production forecast.

Nasdaq

Hibbett Sports Inc., up 16 cents at $43.30

The sport goods retailer said its third-quarter profit jumped 27 percent on strong demand for shoes and clothes, boosting sales.

[Associated Press]

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