Midday movers: Coca-Cola, First Solar, Zynga

Stocks rise as the IMF raises its view on US and global growth prospects.

By MSN Money Partner Apr 17, 2012 12:54PM
All but one Dow component was higher near noon Tuesday, led by shares of Coca-Cola (KO), which rose 2.7% after its better-than-expected earnings report.

The only Dow decliner was Johnson & Johnson (JNJ), which reported adjusted earnings that beat expectations but revenue below the Street's forecast.

Goldman Sachs (GS) was nearly flat despite earnings and revenue that beat expectations, and an increase in its quarterly dividend to 46 cents  from 35 cents.

Among the notable gainers were First Solar (FSLR), up nearly 13%, after it announced plans to cut its global workforce by approximately 2,000 positions, or about 30%, in response to conditions in Europe, and Denison Mines (DNN), up almost 15%, after agreeing to sell its mining assets and operations located in the U.S. to Energy Fuels.

Noteworthy losers included Apollo Residential Mortgage (AMTG), down 6%, after filing to sell 13.9 million shares of its common stock, and Zynga (ZNGA), down more than 3% amid reports that its newly acquired Draw Something game has seen its daily active use fall off. 

Theflyonthewall.com is an online financial news provider covering analyst recommendations, rumors, events, hot stocks and more.
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