Viacom, Beam, Orbitz are market movers

[May 04, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Beam Inc., up $2.23 at $59.92

The maker of Jim Beam bourbon and Sauza tequila said that its first-quarter net income fell, but its results still beat expectations.

MGM Resorts International, down 63 cents at $12.92

The Las Vegas casino and hotel operator said that its first quarter loss ballooned on higher costs and one-time charges.

Orbitz Worldwide Inc., up 17 cents at $4.07

The online travel agency posted a narrower first-quarter loss as more vacationers booked packages and paid more to do it.

Weight Watchers International Inc., down $13.72 at $62.29

The weight loss company's first-quarter profit missed Wall Street expectations as the company increased spending on marketing.

Herbalife Ltd., down $6.50 at $46.20

The nutrition and weight loss company said it will buy back $427.9 million of its shares, just days after investors sold off the stock.

Target Corp., down $1.43 at $56.55

The discount retailer said that sales at stores opened at least a year rose 1.1 percent in April, but that fell short of analysts' expectations.

Nasdaq

Viacom Inc., up $1.55 at $5.59

The owner of Paramount Pictures and MTV said its net income rose 56 percent in the latest quarter, despite weak box office results.

Green Mountain Coffee Roasters Inc., down $23.65 at $25.87

The maker of Keurig coffee brewers posted an earnings outlook for its fiscal year that fell short of Wall Street's expectations.

[Associated Press]

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