Wall Street Movers and Shakers for Thursday

Blockbuster Inc (NYSE:BBI)- The movie rental chain said its performance over the holiday was “well below expectations” and expects a net loss for 2009 of $183 million to $193 million. Adjusted earnings before interest, taxes, depreciation and amortization are forecast at $195 million to $205 million.

Price:
0.48
change/change%
-0.25/-33.78

Continental Airlines Inc (NYSE:CAL)- The airline carrier swung to a fourth-quarter profit of 60 cents a share from a loss of $2.35 in the prior-year period on lower revenue, which fell 8% to $3.18 billion, and lower operating expenses, which dropped 9%.

Price:
19.98
change/change%
-0.64/-3.10

Estee Lauder Cos Inc (NYSE:EL)- The cosmetics maker revised upwards its second-quarter earnings to $1.23 to $1.30 a share. It also sees net sales growing 10% to 11%, citing robust sales, favorable product mix and cautious spending.

Price:
53.21
change/change%
+4.17/+8.50

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SLM Corp (NYSE:SLM)- The student loan guarantor swung to fourth-quarter net income of 52 cents a share from a loss of 52 cents. Core earnings were 41 cents a share, improved from 8 cents.

Price:
12.52
change/change%
+0.55/+4.59

First Niagara Financial Group (Nasdaq GS:FNFG)- The company posted a fourth quarter operating earning in line with market expectations and said it was comfortable with analyst estimates for 2010 earnings, sending shares up to a 52 week high

Price:
14.60
change/change%
+0.13/+0.90

NORDSTROM INC (NYSE: JWN)- News that competitor Macy’s plans on opening four outlets in this year sent shares down as investor see the added competition harmful to the high end boutiques profits

Price:
34.75
change/change%
-0.84/-2.36

KEYCORP (NYSE: KEY)- The bank announced today that its losses narrowed in the fourth quarter and the regional bank holding company set aside $756 million for bad loans.

Price:
7.51
change/change%
+0.53/+7.61

MACY’S INC (NYSE: M)- The retailer announced today that it plans on opening four Bloomingdale’s outlets as well as Macy outlets in 2010.

Price:
15.87
change/change%
+0.44/+2.68

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