Merck, Panasonic, Brink's are market movers

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Associated Press

Posted on February 1, 2013 at 7:01 PM

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

NYSE

Merck & Co. Inc., down $1.42 at $41.83

The drugmaker said that its fourth-quarter profit fell 7 percent because of hits from generic competition and one-time charges.

Panasonic Corp., up 27 cents at $6.88

The Japanese electronics maker returned to a profit in the third quarter as it cut costs. A weaker yen also helped results.

National Oilwell Varco Inc., down $2.88 at $71.26

Shares of the oil rig parts and services firm fell even though its fourth-quarter profit rose 16.4 percent on higher demand.

Legg Mason Inc., down 86 cents at $26.79

The money manager posted a loss for its fiscal third quarter after it wrote down the value of some of its assets.

LyondellBasell Industries NV, down $2.05 at $61.37

The company, which refines oil and makes chemicals and plastics, said that it returned to a profit in its fourth quarter.

The Brink's Co., down $2.07 at $27.75

The armored car company cautioned that it will be hard to match its 2012 earnings this year because of more productivity investments.

Nasdaq

Bebe Stores Inc., down 23 cents at $3.95

The teen fashion retailer swung to a loss in its fiscal second quarter from a profit a year ago as it discounted more goods.

Perrigo Co., up $4.77 at $105.28

The drugmaker said that its fiscal second quarter earnings climbed 6 percent, topping Wall Street's expectations.

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