Nike, Carnival, Ariad, BlackBerry and Fastenal are big market movers

The Associated Press 0

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Nike Inc., down 92 cents to $77.34

Shares of the athletic wear company were extremely volatile after its quarterly results topped profit expectations but fell short on revenue.

Carnival Corp., up 80 cents to $38.85

The cruise operator closed out a tough year of high-profile mishaps with a surprisingly strong fourth-quarter profit.

Red Hat Inc., up $7.10 to $56.10

The Linux technology company’s stock hit a new high for the year after posting a 49 per cent surge in profit during its third quarter.

CarMax Inc., down $4.97 to $48.08

The used-car dealership chain’s third-quarter profits jumped 12 per cent, but that was still less than investors expected.

Nasdaq

BlackBerry Ltd., up 97 cents to $7.22

The smartphone maker reported a $4.4 billion quarterly loss but new CEO John Chen said profits could return by fiscal 2016.

Tibco Software Inc., down $2.47 to $22.01

The infrastructure software company was downgraded by UBS after its guidance for the first quarter came in shy of expectations.

Ariad Pharmaceuticals Inc., up 91 cents to $6.43

The pharmaceutical company received approval to relaunch its leukemia drug after addressing federal regulators’ safety concerns.

Fastenal Co., down $2.39 to $45.62

The fastener and tool company said its fourth-quarter profit will be less than expected because of slowing heavy manufacturing sales.

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