Hewlett-Packard, Sears, GameStop, Target
08/22/2013 3:48 PM
08/22/2013 3:49 PM
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.
(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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