LDN - Business

Avon, TJX, Dick's Sporting Goods are market movers

[May 16, 2012] NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Avon Products Inc., down $2.02 at $18.71

Coty, a privately held rival, dropped its $10.7 billion takeover bid for the cosmetics company after its deadline to accept the offer passed.

The TJX Cos. Inc., up $2.75 at $42.45

The owner of T.J. Maxx and Marshalls stores said that its first-quarter net income rose 58 percent as it attracted more customers.

Dick's Sporting Goods Inc., up $2.81 at $50.05

Higher sales at its Golf Galaxy and namesake stores pushed the sporting good retailer's first-quarter net income up 53 percent.

Agilent Technologies Inc., up $1.61 at $40.51

The scientific instrument maker said that its second-quarter net income rose 28 percent on stronger orders and higher revenue.

Patriot Coal Corp., down 89 cents at $3.94

The coal company cut its sales volume and price estimates for Appalachian metallurgical coal, due to a potential customer default.

Nasdaq

Arctic Cat Inc., down $4.34 at $37.97

The maker of snowmobiles and all-terrain vehicles posted a lower-than-expected profit and sales prediction for the current fiscal year.

Advocat Inc., down 69 cents at $6.26

The nursing home operator rejected a takeover bid from Covington Investments. Covington offered $8.50 per share for Advocat.

Zagg Inc., up 30 cents at $11.11

The cellphone accessory maker said that Wal-Mart will be selling the film it makes to protect iPhones and other devices from scratches.