cnbc/ crmb/ UPDATE: TRW jumps on bid talk; CBS lags in Emmy race
2:46p ET July 10, 2014 (MarketWatch) Share
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UPDATE: TRW jumps on bid talk; CBS lags in Emmy race
By Sue Chang and Ben Eisen, MarketWatch
SAN FRANCISCO (MarketWatch) -- These are the stocks making notable moves on Thursday.
Gainers
TRW Automotive Holdings Corp.(TRW): The auto-parts maker confirmed it has received a nonbinding buyout offer and said it is evaluating the bid as well as other options.
Zumiez Inc. (ZUMZ): Same-store sales rose 3.1% in June, up from 1% growth a year earlier. Analysts had projected comparable sales growth of 1.8% for the specialty clothing retailer, according to a Thomson Reuters survey.
United Continental Holdings Inc.(UAL): Revenue per available seat mile, a closely watched sales metric in the airline industry, increased by 3.5% in the second quarter from a year earlier.
Archer Daniels Midland Co.(ADM):
The grain company's shares hit a fresh 52-week high. Earlier this week it said it is buying food-ingredients provider Wild Flavors GmbH in a deal valued at roughly $3 billion.
Crumbs Bake Shop Inc.(CRMB): An investor group told CNBC it plans to provide financing to the defunct cupcake chain.
Decliners
CBS Corp. (CBS): CBS has only one show, "The Big Bang Theory," nominated for an Emmy, lagging behind HBO and FX.
Potbelly Corp. (PBPB): The restaurant chain forecast weaker-than-expected sales in the second quarter and lowered its 2014 per-share earnings outlook to range of 18 cents to 21 cents versus 43 cents to 46 cents.
WD-40 Co.(WDFC): The cleaning and maintenance products company's third-quarter earnings edged up to $10.4 million, or 69 cents a share, from $10.3 million, or 66 cents as share.
The company also forecast earnings per-share of $2.70 to $2.83 in fiscal 2014.
Tractor Supply Co. (TSCO): The home-improvement and maintenance company issued a weaker full-year outlook.
Lumber Liquidators Holdings Inc.(LL): The flooring retailer late Wednesday projected second-quarter earnings that were significantly below analysts' estimate.
Tickers to watch
Amazon.com Inc.(AMZN): The Federal Trade Commission sued the company for in-app charges incurred by children without the authorization of their parents and other Amazon account holders.
Cynk Technology Corp. (CYNK):
The stock has rallied almost 25,000% over the past few weeks, pushing its nosebleed valuation toward $5 billion.
Yet the company has no assets, no revenue and just one employee.
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-Sue Chang; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 10, 2014 14:46 ET (18:46 GMT)
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