American Eagle, Ciena, Brown Shoe market movers

[March 09, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

American Eagle Outfitters Inc., up 92 cents at $15.54

The teen retailer said that its fourth-quarter profit fell 41 percent, but its adjusted results met Wall Street's expectations.

Brown Shoe Co. Inc., down $1.04 at $9.39

The owner of the Famous Footwear retail chain said that it lost $8.2 million in its fiscal fourth quarter on restructuring costs.

General Electric Co., up 35 cents at $18.77

The conglomerate expects its revenue to rise as much as 25 percent in resource-rich regions such as Latin America and Africa.

Global Cash Access Holdings Inc., up 66 cents at $6.02

The Las Vegas-based company which provides ATMs for the gaming industry posted fourth-quarter results that beat expectations.

Nasdaq

Discovery Laboratories Inc., up 33 cents at $4.08

The biotechnology company said that the Food and Drug Administration approved its respiratory distress syndrome drug Surfaxin.

Ciena Corp., up 57 cents at $14.01

The communications network equipment maker said its fiscal first-quarter loss narrowed and its forecast met analyst expectations.

The Children's Place Retail Stores Inc., down $1.84 at $50.59

The children's clothing retail chain said that its fiscal fourth-quarter profit fell 25 percent due to mild winter weather.

Deckers Outdoor Corp., down $7.33 at $67.35

A Stifel Nicolaus analyst cut his price target on the UGG boots maker saying that mild winter weather could hurt sales.

[Associated Press]

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