News

Southwest Airlines, eBay, Discover, Verizon and SanDisk are big market movers

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

NYSE

Southwest Airlines Co., up $3.52 to $45.35

The airline reported better-than-expected quarterly results on cheaper fuel costs and a boost in passenger traffic.

Discover Financial Services, down $3.52 to $57.32

The financial services company’s quarterly profit fell short of expectations as several one-time charges cut into gains in credit card and loan revenue.

American Express Co., down $3.30 to $84.37

The financial services company said it will cut more than 4,000 jobs this year as part of a companywide efficiency drive.

Verizon Communications Inc., down 45 cents to $47.80

The cellphone carrier reported a fourth-quarter loss, but its earnings and revenue still topped Wall Street expectations.

Nasdaq

eBay Inc., up $3.77 to $57.15

The online auctioneer reported a boost in quarterly profit and plans to cut 2,400 jobs, or about 7 per cent of its workforce.

SanDisk Corp., down $1.54 to $78.90

The flash-memory chip maker reported worse-than-expected fourth-quarter profit and revenue and gave a weak outlook.

Dollar Tree Inc., up $2.44 to $70.25

Family Dollar Stores Inc. shareholders approved the sale of the company to the discount store operator for about $8.5 billion.

Land’s End Inc., down $8.74 to $41.97

The apparel retailer provided a weaker-than-expected fourth-quarter profit and revenue outlook, citing disappointing sales.