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Netflix, Panera, Corning are market movers

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

NYSE

Corning Inc., down $1.26 at $12.15

The glass and ceramics maker said that it will likely cut costs, including job eliminations, to support profit in a weakening economy.

Lorillard Inc., down $4.08 at $111.70

The maker of Newport and Kent cigarettes said its third-quarter net income rose 6 percent, but its results missed analysts' expectations.

Norfolk Southern Corp., down $4.92 at $61.09

The railroad said that a weak economy contributed to a 27 percent drop in profits as it hauled less coal and other merchandise.

Tempur Pedic International Inc., down $6.21 at $25.66

The maker of mattresses and pillows posted disappointing results for its third quarter. It also slashed its outlook for the year.

Fortune Brands Home & Security Inc., up $2.23 at $29.20

The maker of Moen faucets and Master locks posted sharply higher third-quarter net income, thanks to an improving housing market.

Nasdaq

Netflix Inc., down $8.10 at $60.12

The online video and DVD subscription service cut its outlook for how many U.S. streaming subscribers it would add this year.

Panera Bread Co., up $8.09 at $168.43

The bakery-cafe chain reported that its third-quarter net income rose 27 percent on strong demand for its soups and sandwiches.

iRobot Corp., down $4.32 at $18.32

The maker of the Roomba vacuum cleaner said that its third-quarter profit rose, but it said it will lose money in the fourth quarter.

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NFLX
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GLW
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LO
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NSC
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FBHS
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IRBT
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PNRA
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