Kenneth Cole, Gap, Crocs are market movers

[February 25, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Kenneth Cole Productions Inc., up $2.42 at $15.49

Fashion designer Kenneth Cole said he is offering to take the clothing and shoe company private by paying about $148.5 million.

Gap Inc., down 95 cents at $22.57

The operator of the Banana Republic, Gap and Old Navy chains reported a 40 percent drop in fourth-quarter profit due to higher costs.

Salesforce.com Inc., up $11.87 at $143.64

The provider of business software applications over the internet said its revenue rose 38 percent during the fiscal third quarter.

Lions Gate Entertainment Corp., up $1.01 at $13.91

Stifel Nicolaus raised the film studio's price target $2.50 to $15 on better-than-expected advanced ticket sales of "Hunger Games."

Kindred Healthcare Inc., down $1.80 at $10.69

The health care services provider reported a fourth-quarter loss of $71.8 million and reduced its earnings forecast for the year.

Interpublic Group of Cos., up 71 cents at $11.62

The advertising agency's fourth-quarter profit jumped 33 percent thanks to higher international revenue and a drop in costs.

Nasdaq

Crocs Inc., down $1.01 at $19.41

The footwear company, known for its clogs, said fourth-quarter profit rose but its 2010 guidance disappointed Wall Street.

Deckers Outdoor Corp., down $12.49 at $77.72

The footwear company, which owns the UGG and Teva brands, posted a first-quarter earnings outlook that was below expectations.

[Associated Press]

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