RH and Mastercard rise while XL Group, Barnes & Noble drop
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
RH, up $22.12 to $71.54
The furniture and housewares retailer raised its annual forecasts after a strong second-quarter report.
Eli Lilly & Co., up $1.03 to $81.54
The drugmaker said it will eliminate 3,500 jobs as it aims to cut $500 million in annual spending.
Mastercard Inc., up $3.64 to $136.53
The debit and credit card payment processor raised its 2017 revenue forecast and its growth forecast for next year.
Barnes & Noble Inc., down 75 cents to $7.10
The company had a weaker-than-expected first quarter as online and Nook revenue fell.
XL Group Ltd., down $1.97 to $36.48
Insurance and reinsurance companies took losses as powerful Hurricane Irma hit the northern Caribbean and headed toward Florida.
Conn’s Inc., up $2.70 to $21.75
The retailer surpassed analyst estimates in the second quarter.
Leggett & Platt Inc., down $3.04 to $43.50
The engineered component manufacturer cut its profit forecast because of higher steel costs and weak demand from the furniture and bedding markets.
Cabela’s Inc., up $7.62 to $61.06
Banking regulators approved the sale of Cabela’s credit card unit, clearing the way for its sale to Bass Pro Shops.