Expedia, CSX rise; Target, Hershey fall
NEW YORK (AP) -
Stocks that moved heavily or traded substantially on Thursday:
Target Corp., down $2.98 to $103.86.
The retailer warned that costs to support employees and a sales shift to lower margin items will hurt its quarterly profits.
The Hershey Co., down $6.37 to $136.91.
The chocolate maker reported weak first-quarter earnings and pulled its financial forecast for the year.
Expedia Group Inc., up $1.95 to $63.37.
The online travel company is raising $3.2 billion in financing.
CSX Corp., up 58 cents to $61.47.
The railroad operator's first-quarter profit beat Wall Street forecasts as it cut costs to offset declining freight volume.
Lam Research Corp., down $7.82 to $263.96.
The chipmaker said supply constraints hurt it during the fiscal third quarter, and its revenue fell short of analyst forecasts.
Las Vegas Sands Corp., up $4.93 to $45.96.
The casino operator said it expects a healthy business recovery in Asia by fall.
Kinder Morgan Inc., down 46 cents to $14.21.
The oil and natural gas pipeline and storage company's first-quarter profit fell short of Wall Street forecasts.
Boston Beer Co., up $8.45 to $434.78.
The brewer reported weak first-quarter profit and revenue and pulled its financial forecast for the year.