Friday, May 24, 2013 4:55 pm
Sears, Abercrombie, P&G are big movers
The Associated Press
Procter & Gamble Co., up $3.18 at $81.88
The maker of Tide detergent and Crest toothpaste said that it is bringing back its former CEO A.G. Lafley to replace Bob McDonald.
Abercrombie & Fitch Co., down $4.35 at $50.02
The teen retailer posted first-quarter results that missed Wall Street expectations and it released a disappointing outlook.
Aeropostale Inc., down $1.72 at $14.76
The teen apparel retailer reported a first-quarter loss and offered second-quarter guidance that disappointed investors.
The Gap Inc., down 72 cents at $40.64
The retailer's first-quarter profit topped Wall Street's expectations, but its full-year earnings outlook was below expectations.
Salesforce.com Inc., down $2.44 at $43.25
Salesforce.com's losses widened during its latest quarter as the company spent more money to expand its online software service.
New York & Co. Inc., up 27 cents at $5.30
The clothing company posted a profit during its fiscal first quarter as it improved its pricing and merchandise selection.
Pandora Media Inc., down 73 cents at $16.43
Shares of the Internet radio company fell, even though it posted higher-than-expected first-quarter revenue and its subscribers doubled.
Sears Holdings Corp., down $7.92 at $50.25
The department-store chain reported a steeper-than-expected loss during its first quarter due to slumping sales.