Midday movers: Exxon Mobil, SanDisk, Yelp

Stocks are higher and the S&P crossed above 1,700 for the first time after jobless claims fell to lowest level in nearly 6 years.

By MSN Money Partner Aug 1, 2013 1:53PM
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Exxon Mobil (XOM) slid 2% after reporting second quarter earnings per share that came in well short of the consensus analyst estimate. Another giant, Procter & Gamble (PG), rose a bit over 1% after its "core" earnings beat expectations and the company guided for core EPS to grow 5% to 7% in the coming fiscal year. 

Among the notable gainers was SanDisk (SNDK), which rose 4% after the company initiated a quarterly dividend of 22.5 per share and authorized $2.5B in additional stock repurchases. 

Also higher following their earnings reports were Trulia (TRLA), which gained 26%, and Yelp (YELP), which advanced 23%. 

Among the noteworthy losers was Halozyme Therapeutics (HALO), which sunk 18% after its partner ViroPharma (VPHM) discontinued a Phase 2 study of a drug following discussion with the FDA. ViroPharma shares also fell over 6% after the news. 

Lower following their earnings reports were Sally Beauty (SBH), down 11%, and BJ's Restaurants (BJRI), which fell 9%. 
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