Thursday, 13 February 2014

Time Warner Cable, CBS are big market movers


Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:


NYSE


Time Warner Cable Inc., up $9.50 to $144.81


Comcast Corp., the cable and media company, said it agreed to buy rival Time Warner Cable for about $45.2 billion in stock.


CBS Corp., up $2.76 to $64.61


The media company's shares hit an all-time high Thursday after reporting fourth-quarter earnings and revenue growth that beat expectations.


Skechers USA Inc., up $5.78 to $35.76


The footwear maker reported fourth-quarter earnings that beat Wall Street expectations due to higher demand for its shoes.


Orbitz Worldwide Inc., up $1.99 to $8.90


The online travel company posted a fourth-quarter profit, after posting a loss the year before, as customers booked more hotel rooms on its websites.


Cabela's Inc., down $5.55 to $64.26


The outdoor sporting goods company posted fourth-quarter results that missed Wall Street expectations as ammunition sales weakened.


Nasdaq


Whole Foods Market Inc., down $4 to $51.46


The organic and natural grocery chain reported fiscal first-quarter profit and revenue that fell below analysts' forecasts.


Cisco Systems Inc., down 58 cents to $22.27


The seller of routers and software said weaker revenue and special charges weighed down second-quarter profitability.


LiveDeal Inc., up $2 to $9.88


The online deals company expanded its website into New York, offering discounts for restaurants and bars in the city.



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