Midday movers: AIG, LinkedIn, Dolby Labs
Stocks slide on a disappointing nonfarm payrolls report.
Insurer American International Group (AIG) reported earnings that beat estimates but its stock slid almost 4% during today's session after rising fairly steadily during the past week.
Among other companies reporting earnings Friday, advancers included LinkedIn (LNKD) and CareFusion (CFN); decliners included Southwestern Energy (SWN), Warnaco (WRC) and CF Industries (CF).
Among the notable market gainers Friday were Dolby Labs (DLB), up 19%, after its earnings beat consensus and it announced a new partnership with Microsoft (MSFT), and LeapFrog (LF), up 15%, after its quarterly losses were not as steep as expected and its guidance exceeded expectations. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
Noteworthy losers included Body Central (BODY), down 44%, after downgrades from at least three firms following its results and guidance, and Rovi (ROVI), down over 6%, after reporting in-line earnings and backing its full-year guidance but also announcing the departure of its CFO.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Why are stronger numbers considered bad news? Investors are worried about the impact on inflation and interest rates.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.