La-Z-Boy, Adobe, Tetra Tech are big movers
La-Z-Boy, Adobe Systems, Tetra Tech, DreamWorks Animation are big market movers Wednesday
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Alcatel-Lucent SA, up 6 cents at $1.93
The telecommunications equipment manufacturer said that it launched a major effort to shed businesses and jobs to cut costs.
FedEx Corp., up $1.10 at $100.58
The package delivery company's fourth-quarter profit fell 45 percent, but the results beat Wall Street expectations.
The Men's Wearhouse Inc., down 43 cents at $37.04
The men's clothing company said that it fired the founder and face of the company, executive chairman George Zimmer.
La-Z-Boy Inc., down 51 cents at $19.77
The Monroe, Mich.-based furniture maker reported that its fiscal fourth-quarter net income fell compared with last year's quarter.
Nasdaq
Adobe Systems Inc., up $2.42 at $45.78
The software maker said profit shrank in its fiscal second quarter, but its Creative Cloud subscriptions kept rising.
DreamWorks Animation SKG Inc., up 64 cents at $24.95
The animation studio, known for its "Shrek" and "Madagascar" films, said it expects revenue from TV shows to double.
Tetra Tech Inc., down $3.64 at $23.09
The engineering services company said it will take a loss in the fiscal third quarter as it absorbs about $95 million in charges.
Pool Corp., down $3.15 at $51.57
The distributer of supplies for swimming pools cut its profit estimate for the year because cool, wet weather hurt sales.
