Sears, Cisco, PetSmart are market movers

[August 17, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Blyth Inc., up $6.27 at $43.36

The candle maker said it plans to spin off its weight-loss business through an initial public offering of stock worth $175 million.

Nasdaq

Sears Holdings Corp., up $3.69 at $60.29

The department store chain said cost-cutting and reduced inventory helped narrow its loss in the second quarter from a year ago.

Dollar Tree Inc., down 89 cents at $49.11

The discount retailer said that its net income rose nearly 26 percent in the second quarter as people spent more at its stores.

Cisco Systems Inc., up $1.67 at $19.02

The computer networking equipment maker's fourth-quarter results beat Wall Street expectations. It raised its dividend 75 percent.

Coinstar Inc., up $3.66 at $51.88

The New York Post reported that the owner of the Redbox DVD rental kiosks may be considering selling itself to a private equity firm.

Perry Ellis International Inc., down $3.47 at $18.80

The clothing company posted a $2.4 million second-quarter loss and cuts its full-year profit outlook citing higher costs.

PetSmart Inc., up $3.09 at $70.53

Thanks to stronger sales, the pet supply store said its second-quarter net income rose and it raised its 2012 profit guidance.

Bon-Ton Stores Inc., down 8 cents at $7.28

The department store operator said that its fiscal second-quarter loss widened, dragged down by severance charges and other costs.

[Associated Press]

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