Midday movers: BlackBerry, Deckers Outdoor

Stocks are higher and if the S&P's level holds into the close, the index will set a new all-time closing record.

By MSN Money Partner Mar 28, 2013 1:26PM
Image, Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

BlackBerry (BBRY) posted an adjusted profit for its most recent quarter, when a loss was expected, and said it shipped 6M smartphones, including approximately 1 million BlackBerry 10 units.

 The company also reported a gross margin of 40% in the quarter and said its cash position grew to $2.9B. Shares of the mobile device maker gained 2% near noon following the report and associated conference call.

Among the notable gainers were shares of Repros Therapeutics (RPRX), which rose 71% after the company announced its Androxal drug for the treatment of secondary hypogonadism reached its primary endpoints in a study. 

Also higher was Deckers Outdoor (DECK), which advanced over 7% after a Jefferies analyst increased his price target on the shares to $100 from $65. 

Among the noteworthy losers following their earnings reports were Five Below (FIVE), UTi Worldwide (UTIW) and PVH Corp. (PVH), which all fell around 4%.
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