Gannett, Safeway, Men's Wearhouse are big movers

Gannett, Safeway, Men's Wearhouse, PVH, Ceres are big market movers on Thursday

Associated Press

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

The Men's Wearhouse Inc., up $2.02 at $37.61

The men's clothing retailer said that its fiscal first-quarter profit increased 23 percent because of an earlier prom season.

PVH Corp., up $11.32 at $122.60

The parent company of Tommy Hilfiger reported a loss for its fiscal first quarter, but the results were stronger than expected.

Gannett Co. Inc., up $6.75 at $26.60

The news company reached a deal to buy TV station owner Belo Corp. for about $1.5 billion, boosting Gannett's presence in broadcasting.

Safeway Inc., up $1.71 at $24.82

The grocer said that it is selling its supermarket operations in Canada to food retailer Sobeys for $5.7 billion.

Nasdaq

Coffee Holding Co. Inc., down 60 cents at $6.46

The wholesale coffee roaster, which sells private label and branded coffee products, said its second-quarter loss widened.

Sigma Designs Inc., down 30 cents at $4.94

The maker of chips for TV and set-top boxes offered a second-quarter revenue forecast that indicated growth may slow.

Spreadtrum Communications Inc., up $2.02 at $20.97

The maker of smartphone chips and other electronics raised its second-quarter revenue expectations well above analysts' expectations.

Ceres Inc., up 36 cents at $4.26

A Raymond James analyst said he expects the agricultural biotechnology company's stock to rise after an important crop data report.

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