Midday movers: Hewlett Packard, AIG, WebMD

Stocks are higher, bouncing back from two down days fueled by worries that the Fed might pull back on its easing actions sooner than expected.

By MSN Money Partner Feb 22, 2013 1:53PM
 Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Hewlett-Packard (HPQ) surged 10% higher and led the Dow Jones Industrial Average after its Q1 results topped estimates on both the top and bottom lines. HP's earnings guidance for the current quarter was also better than expected. 

Fellow Dow component American International Group (AIG) also reported better-than-expected results and saw its shares rise. The insurer's operating earnings were better than forecast and its stock advanced over 2%. 

Among the other notable gainers following their earnings reports were WebMD (WBMD), up 24%, Aruba Networks (ARUN), up 21% and Sourcefire (FIRE), up 14%. 

Among the noteworthy losers was Merit Medical (MMSI), which fell 19% and was downgraded at Raymond James following its quarterly report. 

Also lower were shares of Frontline (FRO), which declined nearly 14% after the company provided preliminary Q4 earnings, said it expects the following quarter's operating results to be lower and announced it will will not pay a dividend for Q4.
 
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