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Rite Aid, Millennium Big Market Movers

By Associated Press April 10, 2008 Comments (0)

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Stocks that are moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Rite Aid Corp., down 14 cents at $2.60

The nation's third biggest drugstore chain posted a fourth-quarter loss on spending to integrate more than 1,800 stores acquired last year.

Wal-Mart Stores Inc., up 52 cents at $54.66

The world's largest retailer raised its first-quarter profit forecast and said April sales should top prior expectations.

DuPont Co., up 60cents at $49.64

Strong performance in both emerging markets and its agricultural business caused the chemicals company to hike its first-quarter profit outlook.

Pier 1 Imports Inc., up 65 cents at $7.54

Improved gross profit margins, higher same-store sales and lower expenses helped the home furnishings retailer swing to a fiscal fourth-quarter profit.

NASDAQ

Millennium Pharmaceuticals Inc., up $7.99 at $24.34

Japan's top drug maker Takeda Pharmaceutical Co. bid $8.8 billion, or $25 per share, for the biotechnology company.

Focus Media Holding Ltd., down $3.11 at $31.53

Expectations of poor text-message advertising revenue in China caused the digital media company to cut its 2008 outlook.

Yahoo Inc., up 82 cents at $28.59

A Citi Investment Research analyst said Microsoft Corp. will likely succeed in its efforts to buy the Internet portal, but at a higher per-share price.

Costco Wholesale Corp., up 49 cents at $66.52

Same-store sales rose 7 percent in March and topped Wall Street's expectations, the warehouse club operator said.

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DocumentId: 618723, ~/articles/articlehandler.aspx, 7/24/2008 1:36:04 AM,

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