Abercrombie, Deere, Staples are market movers

[August 16, 2012]  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., up $2.90 at $35.23

The retailer said that its second-quarter net income fell by more than half, but its results still beat Wall Street expectations.

Deere & Co., down $5.03 at $75.10

The agricultural equipment maker posted third-quarter results that fell short of Wall Street expectations.

Suntech Power Holdings Co. Ltd., down 5 cents at $1.01

The solar panel maker named David King its new CEO. Suntech is dealing with a glut in solar panels and a fraud investigation.

Greif Inc., down $2.34 at $40.97

The industrial packaging company lowered its full-year fiscal adjusted earnings forecast due to weaker-than-expected volumes.

Nasdaq

Staples Inc., down $1.97 at $11.49

The office supply chain said that its net income fell 32 percent in the second quarter due to disappointing sales in North America.

Citi Trends, down $2.21 at $12.53

The discount clothing and accessories retailer reported worse-than-expected second-quarter results even though it narrowed its loss.

Physicians Formula Holdings Inc., up 53 cents at $4.21

Swander Pace Capital, a private equity firm, is taking the cosmetics and skin care company private in a deal worth $65 million.

Bob Evans Farms Inc., up $1.05 at $39.76

The owner of the Bob Evans and Mimi's Cafe restaurant chains said sales rose in its first quarter, and it raised its 2012 forecast.

[Associated Press]

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