Lennar, Wachovia, Cache among big movers
Tuesday, September 23, 2008 2:07 AM
Symbols: APD, ARM, CACH, COMS, FDS, WB, WCN
(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Lennar Corp., down $1.03 cents at $12.71

Third-quarter loss narrowed from a year ago as the homebuilder cut costs, though revenue dropped as falling home prices continue to hurt demand.

Waste Connections Inc., down $2.90 at $34.15

The waste hauler cut its third-quarter revenue outlook and will sell 10 million shares, raising shares outstanding by as much as 17 percent.

FactSet Research Systems Inc., up $1.16 at $54.22

The financial information and analytics company posted a 9 percent rise in fiscal fourth-quarter profit on an increase in subscriptions.

Air Products & Chemicals Inc., down $7.06 at $73.22

Hurricane-related issues and costs associated with a fire at a production facility caused the company to cut its fiscal fourth-quarter profit outlook.

ArvinMeritor Inc., up 3 cents at $14.79

Performance will be better than expected despite a weak economy, the auto parts retailer said, lifting its operating profit outlook above estimates.

Wachovia Corp., down 6 cents at $14.75

Oppenheimer & Co. analyst Meredith Whitney cut her estimates on the bank, citing deteriorating credit and expected third-quarter charges.

NASDAQ

3Com Corp., up 7 cents at $2.16

The computer networking gear maker swung to a quarterly profit on higher sales, a benefit from a patent dispute settlement, and lower costs.

Cache Inc., down $2.38 at $7.12

The apparel retailer cut its full-year profit and revenue outlook below analyst estimates, citing hurricane-related store closures and weak sales.


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