MetroPCS, Limited Brands, Amex, Buckle, P&G are among big market movers Thursday

By AP
Thursday, August 6, 2009

MetroPCS, Limited Brands, Amex are big movers

NEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange:

NYSE:

MetroPCS Communications Inc., down $3.70 at $8.99

The low-cost wireless carrier had higher operating costs in the second quarter, and said its customer turnover rate increased.

Brinker International Inc., down $3.21 at $15.12

The restaurant company posted profit partly due to the sale of its Romano’s Macaroni Grill chain, but its outlook disappointed Wall Street.

MBIA Inc., up 66 cents at $6.19

The bond insurer posted a quarterly profit due to unrealized gains on derivatives and estimated recoveries from mortgage securitizations.

Limited Brands Inc., up $1.65 at $14.39

The owner of Victoria’s Secret and Bath and Body Works said same-store sales fell 7 percent last month, better than analysts had forecast.

Buckle Inc., down $4.69 at $26.26

The denim retailer, which has had better sales growth than many other clothing stores, disappointed with last month’s same-store sales.

Procter & Gamble Co., down $2.45 at $51.46

The consumer products company posted drops in revenue and profit, and said it will cut prices on some items to spur sales.

American Express Co., up 95 cents at $31.31

A Citi analyst upgraded the credit card lender, saying the rate of delinquencies on payments was improving, and write-offs are slowing.

Wendy’s/Arby’s Group, up 32 cents at $5.07

The fast-food chain said profit grew compared with how its two companies would have performed last year if they had already combined.

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