Yum Brands and Adobe are big market movers NEW YORK- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Anheuser-Busch InBev, up $1.36 to $110.96. The owner of KFC, Pizza Hut and Taco Bell cut its outlook for the year, citing a slower-than-expected comeback for its China unit.
Source: The Associated Press
Who's next after Yum, NuSkin China shockers? Investors are worried about companies exposed to China as Yum Brands and Nu Skin reported surprisingly negative results due to a slowdown for the Asian country.
| By: Tae Kim
UPDATE 1-Nu Skin cuts revenue estimate on strong dollar, weak China sales Oct 6- Nu Skin Enterprises Inc, a direct seller of skin care and nutritional products, cut its revenue estimate for the third quarter, blaming a strong dollar and weak sales of its cosmetic oils in China. Nu Skin estimated revenue of $570 million- $573 million for the quarter ended Sept. 30, much below the average analyst estimate of $621.5 million.