HEADLINE STOCKS-U.S. stocks on the move on April 16
(Updates to afternoon trade, adds Regions Financial, Rosetta
Stone and Xilinx)
NEW YORK, April 16 (Reuters) - Some U.S. stocks on the move
on Thursday:
JPMORGAN CHASE
The bank reported first-quarter earnings that beat
expectations and revenue growth of 45 percent. [nN16542451]
Shares of the company, a Dow component, rose 1.7 percent to
$33.11.
SUN MICROSYSTEMS
INTERNATIONAL BUSINESS MACHINES
IBM said it was no longer interested in buying Sun at any
price. [nN16261538]
Shares of Sun rose 3.8 percent to $6.36 while shares of
IBM, a Dow component, rose 1.6 percent to $100.40.
AMERICAN EXPRESS
JPMorgan forecast a loss of 4 cents a share for the credit
card company. It previously saw earnings of 15 cents a share.
[nWNAB3931]
Shares of the company, a Dow component, slid 3 percent to
$20.01.
SHERWIN-WILLIAMS
Shares rose 8 percent to $55.24 after the company reported
first-quarter earnings that beat expectations. [nBNG279133]
BAXTER INTERNATIONAL
Shares rose 3.2 percent to $50.81 after it reported
first-quarter earnings that topped its own estimate.
[nN14453268]
ROSETTA STONE
Shares of the company advanced 41 percent to $25.40 in its
trading debut after its IPO was priced at $18, exceeding the
estimate range. [nN16131770]
SOUTHWEST AIRLINES
Shares of the airline fell 10 percent to $6.86 after it
reported a first-quarter loss on weak demand. [nN16544656]
REGIONS FINANCIAL
Shares surged 29 percent to $6.44 after it forecast a
surprise first-quarter profit. [nN16238968]
ACTIVISION BLIZZARD
Shares of the video game publisher rose 2.2 percent to
$10.26 after it forecast first-quarter results that were better
than expected. [nN16546439]
XILINX
Shares rose 3.8 percent to $21.38 after it said it would
cut 200 jobs and freeze salaries to cut costs. [nN15357238]
ILLINOIS TOOL WORKS
Shares rose 7 percent to $33.34 after it reported reported
an adjusted profit that beat expectations. [nN16549399]
HARLEY-DAVIDSON
The motorcycle company reported first-quarter results and
affirmed its full-year shipment outlook, saying it was "mildly
encouraged" that the rate at which sales declined in the U.S.
slowed during the quarter. [nN14443324]
Shares rose 8.7 percent to $18.64.
PARKER-HANNIFIN
Shares of the motion control technology company rose 7.4
percent to $38.97 after it reported its third-quarter results.
[nWNAB3984]
AMERICAN INTERNATIONAL GROUP
AIG is close to selling its U.S. auto insurance unit to
Swiss insurer Zurich Financial Services for about $1.5 billion,
a source familiar with the matter said late Wednesday.
[nN15531541]
Shares rose 5.6 percent to $1.69.
GENERAL MOTORS
GM has told U.S. dealers it is accelerating its timetable
for closing about 1,700 dealerships as it rushes to meet a June
1 deadline to restructure under U.S. government oversight,
according to people with knowledge of the discussions.
[nN15356622]
Shares of GM, a Dow component, were up about 0.5 percent to
$1.90.
STANLEY FURNITURE
The furniture company reported a first-quarter loss that
was wider than expected. [nBNG422509]
Shares tumbled 4.4 percent to $8.10.
MACROVISION SOLUTIONS
The software company agreed to buy Muze for $16.5 million
in cash. It also raised its 2009 revenue outlook.
[nBNG388374]
Shares rose 2.7 percent to $19.64.
POLYCOM INC
The video conferencing products maker reported a drop of
nearly 44 percent in first-quarter profit and forecast
lower-than-expected revenue for the second quarter.
[nBNG448618]
Shares fell 3.7 percent to $16.30.
(Reporting by Ryan Vlastelica; Editing by James Dalgleish)
((ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014;
Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net))
Keywords: MARKETS STOCKS HEADLINES
Keywords: MARKETS STOCKS HEADLINES
Keywords: MARKETS STOCKS HEADLINES
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