Microsoft, Hershey, Arch Coal are big movers
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Hershey Co., down 83 cents at $40.97
An analyst upgraded the candy maker on renewed advertising and sales efforts, while another analyst downgraded it on its stock price.
Arch Coal Inc., up $1.27 at $18.14
Arch Coal slumped to a second-quarter loss much larger than expected, citing a 20 percent drop in sales and production cutbacks.
Schlumberger Ltd., down 43 cents at $57.34
The oil and gas producer's second-quarter earnings tumbled 57 percent as it offered an uncertain outlook for the rest of 2009 and beyond.
Capital One Financial Corp., up $2.24 at $30.07
Analysts raised their estimates a day after the credit card issuer posted second-quarter results ahead of Wall Street expectations.
Eastman Chemical Co., up $2.88 at $48.06
The company, which makes coatings and specialty plastics, reported second-quarter earnings that beat analyst expectations.
NASDAQ:
Microsoft Corp., down $2.11 at $23.45
Microsoft will offer computer users a choice of Web browsers after the European Commission charged the company with monopoly abuse.
Palm Inc., up 31 cents at $14.47
A software update to Palm's Pre phone allows it to again connect to Apple's iTunes software, just a week after Apple Inc. shut it out.
Broadcom Corp., down $1.98 at $27.20
Analysts said the chip maker's second-quarter results showed disappointing sales in its most-profitable unit and weak profit margins.
Copyright 2009  AP News
