HEADLINE STOCKS-U.S. stocks on the move on April 17
(Updates to after the open, adds GameStop)
NEW YORK, April 17 (Reuters) - Some U.S. stocks on the move on Friday:
CITIGROUP (C.N)
The bank reported a first-quarter loss that was narrower than expected. It also said it would delay the proposed exchange of billions of dollars of preferred shares into common stock until the government completed its "stress test" of large banks. [ID:nN17310824]
Shares of the company, a Dow component, fell 2.2 percent to $3.92.
GENERAL ELECTRIC (GE.N)
The industrial conglomerate on Friday reported first-quarter results that were better than expected and said that its order backlog was steady at its industrial arm. [ID:nN17446745]
Shares of the company, a Dow component, rose 0.2 percent to $12.30 a share.
GOOGLE INC (GOOG.O)
The Internet search company late Thursday reported first-quarter earnings that beat expectations, but also said that the economic environment remained difficult. [ID:nN16272680]
Shares rose 2.6 percent to $398.71.
MATTEL MAT.N
The toy company reported a first-quarter loss that was a penny wider than expectations. Sales were down 15 percent in the quarter. [ID:nN17188731]
Shares of Mattel rose 10.6 percent to $14.41.
JPMORGAN CHASE (JPM.N)
KBW on Friday raised its price target on the bank to $38 from $30, though it lowered its 2009 earnings outlook on the company to $1.25 a share from $1.50 a share, citing higher credit costs. [ID:nWNAB4321]
Shares of JPMorgan, a Dow component, fell 1.6 percent to $32.70.
GAMESTOP CORP (GME.N)
Shares fell more than 3 percent to $28.65 after it affirmed its first-quarter outlook. [ID:nWNAB4500]
BB&T CORP (BBT.N)
The company reported first-quarter results that beat expectations. [ID:nN17272631]
Shares rose 1.3 percent to $21.34.
MEDIA GENERAL (MEG.N)
The company reported a first-quarter loss and a drop in ad sales. [ID:nN17309724]
Shares tumbled 15.8 percent to $2.50.
SWS GROUP INC (SWS.N)
The company gave a third-quarter outlook for its earnings and revenue and forecast loan loss provision of about $4 million in its June quarter. [ID:nWNAB4478]
Shares fell 7.3 percent to $13.92.
ICU MEDICAL INC (ICUI.O)
The maker of disposable medical connection systems, posted better-than-expected quarterly results and affirmed its outlook for 2009. [ID:nBNG444353]
Shares rose 6 percent to $34.
DRYSHIPS INC (DRYS.O)
The Greek dry bulk carrier said it has completed its at-the-market equity offering of $500 million, strengthening its balance sheet and helping the company to reduce debt. [ID:nBNG387977]
Shares rose 13.8 percent to $6.32.
CYTEC INDUSTRIES INC (CYT.N)
The specialty chemical maker reported worse-than-expected quarterly results, forecast full-year earnings below market estimates and slashed its dividend by 90 percent. [ID:nBNG443727]
Shares dropped 25.6 percent to $13.57.
TEMPUR-PEDIC INTERNATIONAL INC (TPX.N)
The mattress maker reported a better-than-expected first-quarter profit on lower costs and backed its 2009 profit outlook. [ID:nBNG383240]
Shares rose 16.3 percent to $10.66.
PEOPLE'S UNITED FINANCIAL INC (PBCT.O)
The company posted first-quarter earnings that missed expectations. [ID:nBNG443109]
Shares fell about 2.1 percent to $16.70.
VASCULAR SOLUTIONS INC (VASC.O)
The medical device maker forecast 2009 earnings below market estimates. [ID:nBNG443918]
Shares fell 3.6 percent to $6.36. (Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)
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