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The Canadian Press - ONLINE EDITION

Staples, Big Lots, Best Buy, American Eagle Outfitters are big market movers on Wednesday

By: The Associated Press

Wednesday, Mar. 6, 2013 at 4:58 PM | Comments: 0

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

American Eagle Outfitters Inc., down $2.28 at $20.27

The teen retailer said that its fiscal fourth-quarter net income jumped 85 per cent as it reduced inventory and sales improved.But its first-quarter outlook disappointed.

Maidenform Brands Inc., down $1.67 at $16.96

The intimate-apparel maker posted a disappointing 2013 outlook and said it will make changes to the business as competition increases.

Big Lots Inc., up $2.08 at $35.97

The discount retailer said its fourth-quarter net income rose 5 per cent on strong sales in U.S. and Canadian stores.

Best Buy Co. Inc., up 35 cents at $18.75

A Jefferies analyst upgraded the electronics retailer's stock, predicting that it will cut costs and fix its business model.

BankUnited Inc., down $1.57 at $27

A regulatory filing revealed that the bank's CEO and other investors plan to sell 19.6 million shares in an underwritten offering.

Nasdaq

The Fresh Market Inc., down $4.13 at $38.42

The grocery chain's fiscal fourth-quarter results and fiscal 2013 earnings forecast were below Wall Street expectations.

Staples Inc., down 95 cents at $12.34

Due to charges related to store closings, the office supplies company said its fourth-quarter net income fell 72 per cent.

AeroVironment Inc., down $2.12 at $19.57

The defence company posted lower-than-expected third-quarter results and a weak outlook for the year due to government order delays.

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