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Gap, Viacom, Mastercard are market movers

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[February 03, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Abercrombie & Fitch Co., down $6.43 at $40.40

The teen retailer said its fourth-quarter adjusted earnings and revenue will likely disappoint Wall Street due to higher cotton costs.

Gap Inc., up $2.07 at $21.52

Revenue at the retailer's stores open at least a year fell 4 percent, but the drop was smaller than what analysts predicted.

Mastercard Inc., up $23.95 at $381.57

The payments processor's fourth-quarter earnings topped expectations as shoppers used their debt and credit cards more.

RailAmerica Inc., up $2.04 at $17.24

The freight railroad company plans to buy Marquette Rail for $40 million and buy an interest in two other railroads for $18 million.

Starwood Hotels & Resorts World Inc., down 83 cents at $54.22

The operator of the Sheraton and Westin hotels said that its fourth-quarter profit dropped 51 percent on impairment charges.

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ANN Inc., down $1.65 at $22.91

The retailer cut its revenue prediction for the quarter that ended in January, citing slumping sales at its Ann Taylor stores.

Nasdaq

Green Mountain Coffee Roasters Inc., up $12.79 at $66.42

The maker of single-cup coffee brewers said its first-quarter profit beat expectations on strong sales of its Keurig coffee products.

Viacom Inc., down 59 cents at $52.36

The owner of MTV and Comedy Central posted a 65 percent drop in net income on a charge related to the "Rock Band" video games.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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