Movers roundup: Cheesecake Factory, Linktone
By
Associated Press
May 23, 2008
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Among the stock activity stories for Friday, May 23, from AP Financial News:
NEW YORK (AP) _ Cheesecake Factory Inc.'s stock slid Friday after a Goldman Sachs analyst downgraded the casual dining chain operator due to economic concerns about the sector.
NEW YORK (AP) _ Shares of Linktone Ltd. sank Friday after the Shanghai-based mobile content provider said its first-quarter revenue rose but its loss widened as interest income declined and the company reported an income tax expense in the period.
NEW YORK (AP) _ Shares of Brinker International Inc. fell on Friday, after an analyst said the restaurant operator is facing a tough environment and downgraded the stock.
NEW YORK (AP) _ Shares of athletic footwear retailer Foot Locker Inc. rose Friday after the company maintained its fiscal-year 2008 guidance and its adjusted profit met Wall Street expectations.
NEW YORK (AP) _ Shares of Dillard's Inc. fell on Friday, after the department-store operator reported weak first-quarter earnings due to a decline in same-store sales amid a difficult environment.