Information provided by Theflyonthewall.com
Earnings reports from a trio of Dow components helped power that average higher, as Microsoft
) led the blue-chip companies with a 5.4% gain after its earnings and revenue beat consensus.
) also beat on both the top and bottom line and shares moved higher by 1.9%.
Results from McDonald's
) were generally in line with expectations. The company said global comparable sales increased 7.3%, driven by an 8.9% increase in the U.S. and its stock rose 2% near noon.
Among other companies reporting earnings, advancers included Hanesbrands
) and Honeywell
); decliners included SanDisk
) and Altera
Among the notable market gainers Friday were Ixia
), up over 13%, following an upgrade at Wunderlich, which cited the company's first-quarter results, and Great Wolf
), up 8%, after an affiliate of Apollo Global Management
) increased its offer to acquire the company to $7.85 per share from $7.00.
Noteworthy losers included Riverbed
), down more than 26%, following downgrades by at least seven firms after the company's first-quarter revenue missed consensus and it said it sees 15% revenue growth for FY12, and Tempur-Pedic
), down over 21%, after its guidance fell short of expectations.