Nokia, Kroger, JA Solar are Thursday movers

[June 15, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Nokia Corp., down 44 cents at $2.35

The Finnish mobile phone maker said it will cut 10,000 jobs around the world and close plants by the end of 2013 in order to cut costs.

The Kroger Co., up $1.29 at $22.58

The grocery store operator's first-quarter net income rose thanks to its customer loyalty programs. It also raised its 2012 outlook.

Smithfield Foods Inc., down $1.11 at $18.46

The meat processor said its fourth-quarter profit fell 19 percent as its margins shrank on fresh pork and its selling costs rose.

Pier 1 Imports Inc., up 32 cents at $15.90

The home furnishings retailer posted a 26 percent rise in first-quarter earnings as more shoppers paid full price for its products.

Edwards Lifesciences Corp., up $6.34 at $96.88

A Food and Drug Administration advisory panel recommended approving the company's Sapien heart valve for a larger group of patients.

Nasdaq

JA Solar Holdings Co. Ltd., up 13 cents at $1.06

The solar cell maker said that its board approved the repurchase of up to $100 million worth of its American depositary shares by Sept. 30.

Coffee Holding Co. Inc., down 30 cents at $5.87

The maker of private-label coffee reported a loss Wednesday for its most recent quarter as lower retail prices for coffee hurt its performance.

Lattice Semiconductor Corp., down 64 cents at $3.85

The chipmaker expects its revenue for the current quarter to be the same as last quarter's or to fall as much as 3 percent due to global weakness, especially in Europe.

[Associated Press]

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