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.
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Bill Stiritz has experienced an estimated $145 million in paper losses on his investment in the company.
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