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Starbucks, Beam, Boston Beer are market movers

By Victoria Advocate
Nov. 2, 2012 at 6:02 a.m.


NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Alpha Natural Resources Inc., up 20 cents at $9.06

The coal producer narrowed its losses and posted much better earnings than Wall Street expected during the third quarter.

Beam Inc., up $1.57 at $57.15

The maker of Jim Beam, Maker's Mark and Courvoisier posted third-quarter adjusted profit that topped Wall Street's expectations.

Hhgregg Inc., up $1.21 at $7.60

The electronics and appliance retailer said its second-quarter net income fell 38 percent, but it still beat expectations.

Martha Stewart Living Omnimedia Inc., down 14 cents at $2.81

The media company said the declining value of its publishing business and a drop in ad revenue widened its third-quarter loss.

Boston Beer Co. Inc., up $8.58 at $116.58

The maker of Samuel Adams and other craft beer brands posted earnings for the third quarter that beat Wall Street expectations.

Nasdaq

Starbucks Corp., up $4.22 at $50.84

The coffee chain raised its profit forecast for its current fiscal year and said that it will accelerate store openings.

Dendreon Corp., up 62 cents at $4.47

The biotechnology company said that revenue from its prostate cancer therapy Provenge grew 27 percent in the third quarter.

Glu Mobile Inc., down 70 cents at $2.56

The mobile game maker posted a smaller loss than analysts expected due to the popularity of Deer Hunter Reloaded and other games.

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