Big Movers in the Stock Market – Total Report

NEW YORK (AP) — Some of the stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange, Nasdaq Stock Market, and American Stock Exchange.


Digital Equipment, down 5 3/8 at 29

The computer maker reported a bigger-than-expected loss of $66 million, or 48 cents per share, in the first quarter of its fiscal year. Maynard, Mass.-based Digital said a reorganization of its sales force got the quarter off to a slow start.

Philip Morris Companies, down 1 at 92 1/2

The company reported a 14.9 percent increase in third-quarter profits, led by higher cigarette sales volume worldwide and gains in its North American food business. The profit of $1.65 billion, or $2.01 a share, matched Wall Street expectations. Revenue rose 4.3 percent to $17.4 billion.

Salomon, down 3 1/4 at 45 3/8

The brokerage firm’s third-quarter profit dropped an unexpectedly sharp 59 percent, hurt by lower trading revenue and a loss on stock sales. The profit of $112 million, or 88 cents per share, was well below analyst estimates. Global investment banking revenues rose 46 percent to $187 million.

Monsanto, up 3/4 at 42 1/2

The St. Louis-based company’s third-quarter earnings jumped 21 percent, boosted by strong showings from agricultural products such as Roundup herbicide, as well as the chemical business it may exit. Monsanto earned $170 million, or 28 cents a share, in the July-September quarter, topping Wall Street expectations.

UAL, up 7/8 at 45 3/8

The parent of United Airlines and Shuttle by United reported a 31 percent increase in third-quarter profits as higher ticket prices and more passengers offset higher fuel costs. For the three months ended Sept. 30, earnings rose to $437 million, or $3.29 a share, meeting analyst expectations.

Fruit Of The Loom, up 2 5/8 at 34

The Chicago-based apparel maker nearly doubled its third-quarter profit, earning $47.8 million, or 63 cents a share, exceeding analyst forecasts. Fruit Of The Loom attributed the improvement to better profit margins and a lower tax rate.


Microsoft, down 1 1/2 at 132 1/2

The company’s profit for its first quarter jumped 23 percent to a record $614 million, or 95 cents a share, strengthened by solid demand for its computer operating systems and software products. Revenue rose 14 percent to $2.3 billion. The report after the close of Monday’s trading exceeded analyst forecasts, but not by as wide a margin as many investors hoped.

CompuServe, down 1 1/4 at 9 1/4

The nation’s second-largest online service said its quarterly loss will be about double earlier predictions because of a delay in shipping its new software to subscribers. Shipments to nearly 3 million subscribers that were to begin in September were delayed until this month.

Urban Outfitters, down 2 1/2 at 15 1/8

The Philadelphia-based apparel retailer said its third-quarter earnings would be shy of Wall Street expectations due to sluggish back-to-school sales and delays in opening new Urban Retail stores. Urban Outfitters added it expects to recover in the fourth quarter, with the opening of two new Urban Retail stores in December and the arrival of holiday merchandise.

Medaphis, down 6 3/8 at 10 3/8

The Atlanta-based computer services concern posted a large third-quarter loss and said it doesn’t expect to meet analyst forecasts for 1997. Medaphis also said it would restate its financial results downward for the fourth quarter and year ended Dec. 31, 1995 by about $5 million due mostly to fees associated with a license agreement.

HMT Technology, down 4 7/16 at 15 1/8

The maker of film for computer disk drives reported that excluding a one-time tax benefit of $2.6 million, its second-quarter earnings fell. HMT, based in Fremont, Calif., earned $17.5 million, or 38 cents a share, for the three months ended Sept. 30.

Garden Ridge, down 4 7/8 at 8 5/8

The Houston-based retailer of home accessories expects its third-quarter earnings to fall below year-ago levels. Garden Ridge also warned late Monday its fourth-quarter profit could come in below analysts’ expectations.


International Remote Imaging Systems, down 1 1/2 at 4 1/2

The designer of medical imaging systems said it expects to report an operating loss for the third quarter, and announced plans to cut its work force by 20 percent and take a $900,000 charge against fourth quarter earnings to cover severance and other restructuring costs. Chatsworth, Calif.-based International Remote attributed much of the third-quarter loss to growth in operating expenses outpacing growth in sales.

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