Yahoo, Morgan Stanley, US Airways among big movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Coca-Cola Co., up 84 cents at $54.08
Coca-Cola sold more soft drinks and juices in North America for the first time in four years during the second quarter.
US Airways Group Inc., up 29 cents at $9.21 Returning business travelers who paid more for their tickets helped it earn $279 million in the second quarter.
Morgan Stanley, up $1.58 at $26.80
Morgan Stanley's net income easily topped forecasts as its Smith Barney brokerage helped the bank recover from a loss a year ago.
Stryker Corp., down $4.54 at $46.75
The medical device maker's second-quarter revenue fell as analysts said they were concerned about sales of spinal devices.
Wells Fargo & Co., up 15 cents at $26.06
Wells Fargo's second-quarter profit rose 12 percent, and the results show signs that bad loans are easing.
EMC Corp., down 76 cents at $19.48
Shares fell, even as EMC's net income more than doubled in the second quarter as corporations opened the spigot on spending for more data storage.
NASDAQ
Yahoo Inc., down $1.29 at $13.91
The company's second-quarter results disappointed investors as it cut costs and took shareholder-friendly steps like buying back stock.
Cephalon Inc., up 55 cents at $61.03
The biotechnology company said strong product sales will push its second-quarter earnings per share higher than it anticipated.
Copyright 2010  AP Features
