Midday movers: Apple, AT&T, Boeing

Stocks are mixed, with the S&P barely clinging to gains, the Nasdaq weighed on by a post-earnings decline in Apple, and the Dow dragged on by the under-performance of AT&T and P&G.

By MSN Money Partner Apr 24, 2013 1:04PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

After Tuesday's close, Apple (AAPL) reported earnings and revenue above consensus, but its revenue guidance for the upcoming quarter came in well below expectations. The company also increased its share buyback authorization by $50B and raised its quarterly dividend by 15%. Despite the capital return plans, several Wall Street firms cut their price targets on Apple shares, which slid about 1% at midday.

While AT&T (T) and Procter & Gamble (PG) were the Dow's worst performers following their reports, Boeing (BA) led all blue chips with a 3.5% gain after its earnings beat expectations and the company affirmed its full-year outlook for financial results and plane deliveries. 

Among the notable gainers was Buckeye Technologies (BKI), which rose 25.5% to trade near $37.58 after agreeing to be acquired by Georgia-Pacific for $37.50 per share. 

Also higher were shares of Prolor Biotech (PBTH), up over 8% to $6.32 after agreeing to be acquired by OPKO Health (OPK) in an all-stock deal valued at $7.00 per Prolor share. OPKO shares fell a bit more than 3% following the announcement. Also lower were shares of Edwards Lifesciences (EW), down 23%, and DeVry (DV), down 21% after their earnings reports and subsequent downgrades at Wall Street research firms. 
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