Dillard's among market movers |
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Thu, 28 Jun 2007 19:10
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NEW YORK (AP) - Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:NYSEDillard's Inc., up $2.77 at $36.70.An investment group representing minority shareholders said it plans to press the department store chain to boost profits.Constellation Brands Inc., up $1.17 at $25.30.Fiscal first-quarter profits at the world's largest winemaker fell 64 percent amid a drop in shipments to U.S. wholesalers and heightened competition in Britain. Results nevertheless proved better than expected.General Mills Inc., down 68 cents at $58.77.The maker of Wheaties and Cheerios and Yoplait yogurt said its fiscal fourth-quarter profit edged higher amid a 7 percent jump in sales. The company said it planned to try to offset rising prices with productivity gains and price increases.NASDAQNovellus Systems Inc., down 90 cents at $29.The semiconductor equipment maker warned its second-quarter results will come in at the low end of its forecast amid weakness in the chip market.Bed Bath & Beyond Inc., down $1.59 at $35.97.The home goods chain lowered its full-year profit target, citing uncertain economic trends.Digital River Inc., down $5.65 at $45.02.The e-commerce outsourcing company lowered its second-quarter and full-year forecasts.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Dillard's profits drop 30 percent 