HEADLINE STOCKS-U.S. stocks on the move on April 22
(Updates to afternoon trade, adds Northrop, Caterpillar and
Temple-Inland )
NEW YORK, April 22 (Reuters) - Some U.S. stocks to on the
move on Wednesday:
AT&T INC
Shares of the communications company, a Dow component, rose
3.3 percent to $26.11 after it reported first-quarter results
that beat expectations. For more see [nN22461975].
BOEING CO
Shares of the plane maker, a Dow component, rose 1.9
percent to $37.38 after it reported its first-quarter results
and affirmed its production schedule. [nN21472694]
MORGAN STANLEY
Shares fell 6.5 percent to $23 after the financial services
company reported a first-quarter loss and cut its dividend to 5
cents in a move to enhance its capital. [nN22534760]
WELLS FARGO
Shares of the bank rose 2.7 percent to $19.34 after it
reported a first-quarter profit in line with its prior outlook.
[nN22525562]
MCDONALD'S CORP
Shares of the fast food chain, a Dow component, fell 1.7
percent to $54.66 after it reported its first-quarter results.
[nN22406912]
CATERPILLAR
Shares rose 6.1 percent after JPMorgan upgraded the company
to "overweight" from "neutral." [nBNG366642]
ALTRIA GROUP
The tobacco company reported first-quarter earnings that
topped expectations by a penny. [nN22413495]
Shares rose 3 percent to $17.23.
KIMBERLY-CLARK
The company reported first-quarter earnings that were down
from the prior year but beat expectations by a penny.
[nBNG438236]
Shares fell 0.5 percent to $49.70.
FREEPORT-MCMORAN COPPER & GOLD
Shares of the metal company rose 0.6 percent to $40.95
after it reported its first-quarter results. [nN22411505]
TEMPLE-INLAND
Shares of the packaging and building products maker soared
19 percent to $8.66 after it reported first-quarter results
that beat estimates. [nN22529755]
NORTHROP GRUMMAN
Shares of the defense contractor rose 1.3 percent to $48.49
after it raised its full-year outlook. [nN22529127]
RYDER SYSTEM
Shares of the shipping company rose 8.8 percent to $26.45
after it reported adjusted first-quarter results that beat
expectations. [nN22525503]
INGERSOLL-RAND
Shares advanced 15 percent to $19.16 after it reported a
quarterly loss that was narrower than expected.
[nN21289251]
T ROWE PRICE GROUP
Shares rose 3.8 percent to $37.62 after the money manager
reported first-quarter results and said it would cut 5.5
percent of its work force. [nN21484394]
IMATION
Shares rose 10 percent to $10.38 after it reported its
first-quarter results. [nWNAB6054]
P.F. CHANG'S CHINA BISTRO
Shares of the restaurant operator surged 24 percent to
$33.48 after it reported first-quarter earnings that beat
expectations and increased its full-year earnings forecast.
[nN22523861]
CHEMED CORP
Shares fell 3.1 percent to $40.75 after it reported its
first-quarter results. [nWNAB6057]
Keywords: MARKETS STOCKS HEADLINES
WELLPOINT
The health insurance company reported first-quarter
earnings that trumped expectations but were down from the prior
year. [nN20404010]
Shares rose 0.3 percent to $41.90.
CONTINENTAL AIRLINES
The airline reported its fifth straight quarterly loss,
hurt by weaker travel demand. [nN22518780]
Shares fell 9.8 percent to $13.53.
PEPSI BOTTLING GROUP
The company reported its first-quarter results and raised
its full-year earnings outlook. [nN22463721]
The stock rose 1.5 percent to $30.61.
AIRTRAN HOLDINGS
Shares rose 25 percent to $6.98 after the airline reported
first-quarter results and said it expects to remain profitable
every quarter this year. [nWNAB6048]
BANK OF AMERICA
Citigroup raised its 2009 earnings outlook on the bank to
65 cents a share from 57 cents a share. [nWNAB6080]
Shares of the Dow component fell 1.7 percent to $8.61.
FORD MOTOR CO
Shares of the automaker surged 10 percent to $4.19 after
Goldman Sachs added the stock to its conviction buy list.
[nWNAB6086]
FEDEX CORP
Shares of the shipping company rose 3.9 percent to $54.57
after Bank of America-Merrill Lynch upgraded the company to
"neutral" and lifted its price target to $56 from $48.
TUPPERWARE BRANDS
Shares of the food storage container company advanced 15
percent to $24.56 after it reported first-quarter results above
its forecast and raised its 2009 outlook. [nN21484570]
YAHOO INC
Shares of the Internet company rose 3.5 percent to $14.87
after it reported first-quarter earnings that met expectations
and said it would cut 5 percent of its work force late Tuesday.
[nN21506492]
GILEAD SCIENCES
Shares of the biotechnology company rose 7.1 percent to
$46.83 after it reported first-quarter earnings that beat
expectations late Tuesday. [nN21496038]
RC2 CORP
The toymaker posted a surprise first-quarter profit and
affirmed its full-year earnings outlook. [nBNG492410]
Shares rose 47 percent to $9.40.
C.H. ROBINSON WORLDWIDE INC
The third-party logistics provider posted a
better-than-expected quarterly profit. [nBNG425903]
Shares rose 8 percent to $52.98.
SOUTH FINANCIAL GROUP INC
The financial services firm posted a quarterly loss that
was wider than expected, hurt by high credit costs.
[nBNG493554]
Shares dropped 7.6 percent to $1.70.
WASTE SERVICES INC
The solid waste disposal company reported quarterly results
and forecast higher-than-expected full-year earnings.
[nBNG493526]
Shares rose 8 percent to $5.02.
FULTON FINANCIAL CORP
The financial holding company reported an 81 percent fall
in first-quarter profit, hurt by a rise in provisions for bad
loans. [nBNG494099]
Shares fell 6.5 percent to $7.
PHARMACEUTICAL PRODUCT DEVELOPMENT
The clinical research service provider posted first-quarter
earnings that missed market estimates by a cent, and forecast
2009 profit below analysts' expectations. [nWEN7536]
Shares dropped 14 percent to $18.93.
MANHATTAN ASSOCIATES INC
The developer of supply chain management software cut its
2009 revenue view and eliminated 100 positions. [nWNAB5763]
Shares rose 5.9 percent to $15.51.
(Reporting by Ryan Vlastelica; Editing by Leslie Adler)
((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
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nN22540888
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