Midday movers: GM, Green Mountain, Zillow

Stocks drift lower despite an improvement in the weekly jobless claims data.

By MSN Money Partner May 3, 2012 12:48PM
Information provided by Theflyonthewall.com

General Motors (GM) reported earnings and revenue that beat expectations but slid about 2% as its European unit suffered losses. 

Among other companies reporting earnings Thursday, advancers included Teradata (TDC), Whole Foods (WFM), Scripps Networks (SNI) and Allstate (ALL); decliners included Weight Watchers (WTW), Atmel (ATML), Prudential (PRU) and Cablevision (CVC).

Among the notable market gainers were Walter Energy (WLT), up more than 5%, as takeover speculation again circulated regarding the company, and Zillow (Z), up nearly 14%, after its earnings, revenue and guidance all beat expectations. 

Noteworthy market losers Thursday included Green Mountain Coffee Roasters (GMCR), down 50%, after the company's sales disappointed and it reduced its growth expectations, and KIT digital (KITD), down 32%, following its warning that longer-than-anticipa​ted sales cycles and higher personnel costs will result in a loss in the first quarter. 
Tags: CVCgmGMCRPRUWFMWTWZ
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