HEADLINE STOCKS-U.S. stocks to watch on April 15
NEW YORK, April 15 (Reuters) - Some U.S. stocks to watch on Wednesday:
INTEL CORP (INTC.O)
Intel late Tuesday reported quarterly results that beat expectations and said that the worst was over for a battered tech sector, though it declined to give a revenue outlook, citing economic uncertainty. [ID:nN14455703]
Shares of Intel, a Dow component, slid 4.5 percent to $15.29 in premarket trade.
ABBOTT LABORATORIES (ABT.N)
The company reported its first-quarter results and gave a second-quarter outlook. [ID:nN15486909]
Shares slid 4.3 percent to $42.75 on light volume in premarket trade.
AT&T INC (T.N)
APPLE INC (AAPL.O)
AT&T is in talks with Apple to extend its exclusive agreement to sell the iPhone from 2010 to 2011, according to a report in the Wall Street Journal. [ID:nN14314588]
Shares of AT&T, a Dow component, slid 4 cents to $25.24 in premarket trade while Apple shares slid 0.5 percent to $117.75 before the bell.
YAHOO INC (YHOO.O)
The Internet company is preparing to lay off several hundred workers, according to a source with knowledge of the situation. [ID:nLF374601]
Shares of Yahoo fell 1.4 percent to $13.88 in premarket trade.
WAL-MART STORES (WMT.N)
The retailer's CEO on Wednesday said he didn't anticipate a quick end to the recession. [ID:nWEN7200]
Shares of Wal-Mart, a Dow component, slid 1 percent to $50.62 in premarket trade.
AMERICAN INTERNATIONAL GROUP (AIG.N)
AIG's Financial products unit will miss its self-imposed deadline for winding down by the end of the year and may suffer more losses, unit head Gerry Pasciucco told Bloomberg in an interview. [ID:nBNG213928]
EBAY INC (EBAY.O)
The online auction company is planning to spin off its Skype unit through an initial public offering. [ID:nN14463453]
Shares of eBay rose 2.9 percent to $14.80 in premarket trade.
CAPITAL ONE FINANCIAL (COF.N)
The credit card company said its credit card defaults rose in March as unemployment rose in the United States. [ID:nN15432648]
Shares slid 7.4 percent to $15.80 in premarket trade.
BRIDGEPOINT EDUCATION (BPI.N)
The company's initial public offering was priced at $10.50 per share, below the online and campus university operator's estimated range of $14 to $16 a share, a source with knowledge of the matter said on Tuesday. [ID:nN14460748]
RAYMOND JAMES (RJF.N)
Fox-Pitt on Wednesday cut its price target on Raymond James to $17 from $21, saying that long-awaited credit problems at Raymond James bank had finally emerged.
Shares tumbled 13 percent to $16.50 in premarket trade.
GENOMIC HEALTH INC (GHDX.O)
The molecular diagnostics company said a validation study of a test that predicts the possibilities of recurrence of stage II colon cancer met the main trial goal. However, the trial, which was testing the company's Oncotype DX colon cancer assay, failed to meet a secondary endpoint. [ID:nBNG493550]
Shares fell 4 percent in trading after the bell.
SOAPSTONE NETWORKS INC SOAP.O
The telecom equipment maker is slashing about 40 percent of its work force to cut expenses. [ID:nBNG2480]
Shares fell 3 percent in after-hours trade. (Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)
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