Friday, May 17, 2013 5:23 pm
J.C. Penney, Stage Stores, ViaSat are big movers
The Associated Press
J.C. Penney Co., down 78 cents at $18.01
Still reeling from its former CEO's turnaround plan, the department-store chain said that its loss in the first quarter widened.
Stage Stores Inc., down $1.89 at $24.19
The department-store operator's first-quarter loss widened as it spent to consolidate some facilities and struggled to get shoppers in its doors.
Nordstrom Inc., down 45 cents at $60.68
The retailer's first-quarter net income fell due to weak demand for spring merchandise and softer performance in the Northeast and Midwest.
Autodesk Inc., down $2.67 at $37.11
The design software company reported first-quarter results that disappointed investors, blaming mixed economic conditions worldwide.
SINA Corp., up 76 cents at $59.57
The operator of a popular Chinese Internet portal narrowed its first-quarter loss on improved revenue.
ViaSat Inc., up $11.57 at $71.38
The satellite and wireless networking technology provider returned to a profit in its fiscal fourth quarter after a boost from new contracts.
Aruba Networks Inc., down $4.51 at $13.10
The wireless communications company posted a loss in its fiscal third quarter, as spending increased and sales growth weakened.
Brocade Communications Systems Inc., down 20 cents at $5.54
The computer networking technology maker said its fiscal second-quarter sales fell because of a slowdown in the storage market.