Hewlett-Packard, Sears, GameStop, Target

08/22/2013 3:48 PM

08/22/2013 3:49 PM

NYSE

GameStop Corp., up $4.29 to $51.91

The world’s biggest video game retailer raised its profit forecast for the year ahead of the release of new game consoles from Microsoft and Sony.

Abercrombie Fitch Co., down $8.27 to $38.53

Declining traffic and weakness in clothing sales dragged down the retailer’s second-quarter profits by 33 percent.

Hewlett-Packard Co., down $3.16 to $22.22

The technology bellwether reported a decline in quarterly revenue amid weakness in the PC market that shows no signs of easing.

Target Corp., down $1.26 to $64.24

The retailer is hit by a downgrade parade, with Citigroup, Credit Suisse, Janney Montgomery Scott and William Blair, piling on a day after Susquehanna delivered a ratings cut.

Nasdaq

(trading was truncated by three-hour halt caused by a technical glitch on the exchange)

Sears Holdings Corp., down $3.55 to $39.72

The owner of Kmart and Sears saw quarterly losses widen and is being forced to offer deep discounts to lure customers.

The Hain Celestial Group Inc., up $7.99 to $80.89

The health food company’s quarterly results beat most Wall Street expectations and its revenue jumped more than 37 percent.

Kirkland’s Inc., up $1.76 to $18.47

The specialty retailer trimmed its losses and revenue rose during the most recent quarter.

DryShips Inc., up 12 cents to $2.17

Rising orders for new ships imply growing demand, which is giving a boost to the ocean shipping company.

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