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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