Midday movers: Zynga, Facebook, Whole Foods

Stocks climb as the European Central Bank commits to saving the euro.

By MSN Money Partner Jul 26, 2012 1:20PM
Information provided by Theflyonthewall.com

Zynga (ZNGA) plunged almost 40% after it missed quarterly expectations and slashed its full year outlook. 

Facebook (FB) shares dropped 6% in sympathy, with the social network giant preparing to report results -- for the first time since going public -- after the bell Thursday. 

Among Dow components, Exxon Mobil (XOM) reported quarterly results that were benefited $7.5 billion from divestments and tax-related items. Excluding these items, Q2 profits fell short of consensus expectations, but shares were still up marginally near noon.

 Among other large caps reporting earnings, Visa (V), Colgate-Palmolive (CL), United Technologies (UTX) and 3M (MMM) advanced, while Dow Chemical (DOW), Las Vegas Sands (LVS) and Mead Johnson (MJN) declined.

Among the notable gainers were Whole Foods Market (WFM), up nearly 10%, and Western Digital (WDC), up over 20%, following their better than expected results and bullish outlooks. Also higher were Sprint (S), up about 18%, after reporting it added 442,000 net postpaid customers during Q2. 

Among the noteworthy losers were Quality Systems (QSII), down over 33%, as it was downgraded by at least three firms after its quarterly report, and Timken (TKR), down 19%, after its results and guidance came in below the Street's view.
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