Starbucks, Beam, Boston Beer are market movers
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:
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.
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.