Sara Lee, Big Lots, Shutterfly are market movers

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

NYSE

Big Lots Inc., down $1.78 at $42.71

The discount retailer posted a 4 percent jump in fourth-quarter net income, but its first-quarter outlook was below expectations.

Genesco Inc., up $3.03 at $73.67

The footwear, apparel and hat seller's fourth-quarter net income rose 34 percent on higher sales at its Journeys and Lids Sports stores.

Monster Worldwide Inc., down 61 cents at $7.40

A UBS analyst downgraded the job listing website to "Neutral" from "Buy," in part because of increased competition.

Sara Lee Corp., up $1.44 at $21.83

The food company said shareholders will get $4.6 billion worth of stock when it spins off its international coffee and tea business.

Nasdaq

Ascena Retail Group Inc., up $2.14 at $41.09

The retailer, which operates Dressbarn stores, said that its fiscal second-quarter profit jumped 50 percent on higher sales.

Shutterfly Inc., up $4.45 at $31.36

Eastman Kodak said it plans to sell its online photo service business to the online photo publishing company for $23.8 million.

Tessera Technologies Inc., down 68 cents at $16.05

Flextronics is selling its camera module manufacturing business to Tessera, which licenses miniaturization technology, for $23 million.

Cowen Group Inc., down 12 cents at $2.76

The financial advisory firm lost money in its fourth quarter, and revenue declined, due to exiting some businesses and a severance expense.

[Associated Press]

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