News Column

Delta and Apple are big market movers

July 23, 2014



NEW YORK (AP) Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Delta Air Lines Inc., up $1.47 to $39.15

The airline's second-quarter earnings topped analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined.

GlaxoSmithKline Plc., down $3.18 to $50.04

The drug developer cut its full-year earnings forcast after reporting a decline in quarterly profit, partly on lower sales.

Puma Biotechnology Inc., up $174.40 to $223.43

The biotechnology company reported positive results from a key late-stage study of a potential breast-cancer treatment.

Nasdaq

Apple Inc., up $2.47 to $97.19

The technology company said quarterly profit rose at its highest rate in two years as shipments of iPhones jumped 13 percent.

Xilinx Inc., down $6.89 to $41.26

The technology company reported lower-than-expected revenue and set its revenue guidance below Wall Street expectations.

Biogen Idec Inc., up $33.93 to $337.60

The biotechnology company's financial results topped expectations on multiple sclerosis drug sales and it boosted its guidance.

Intuitive Surgical Inc., up $69.47 to $461.63

The maker of surgical systems and devices reported a drop in quarterly profit, but the results topped Wall Street expectations.


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Source: Associated Press


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