Midday movers: Apple, Boeing, Caterpillar

Better-than-expected earnings from Apple give stocks a boost.

By MSN Money Partner Apr 25, 2012 1:09PM
Information provided by Theflyonthewall.com
 
Apple's (AAPL) results handily beat expectations, as sales rose to $39.2 billion, earning per share grew to $12.30 and the company reported it sold 35.1 million iPhones in the second quarter.

Two Dow components reported quarterly results with opposite investor reactions, as Boeing (BA) led all Dow advancers, up almost 4% after its report, while Caterpillar (CAT) fell over 4% after its revenues missed expectations on China sales that were lower than last year.

Among other companies reporting earnings, advancers included Unisys Corporation (UIS), GNC Holdings (GNC), Corning (GLW), Edwards Lifesciences (EW) and AFLAC (AFL); decliners included Hess (HES), CH Robinson (CHRW), National Oilwell (NOV) and Owens Corning (OC).

Among the notable gainers were Cray (CRAY), up 23%, after agreeing to sell its interconnect hardware assets to Intel (INTC) for $140M, and GeoResources (GEOI), up 20%, following an agreement to be acquired by acquired by Halcon Resources (HK) for a cash and stock package valued at $37.97 per share.

Noteworthy losers included Inphi (IPHI) down 28%, which was downgraded to Neutral at Piper Jaffray citing the company's first-quarter miss and weak guidance, and Accretive Health (AH), down over 25%, after Minnesota's attorney general alleged that the company improperly posted debt collectors in hospitals.


0Comments

DATA PROVIDERS

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.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
267
267 rated 2
467
467 rated 3
605
605 rated 4
645
645 rated 5
691
691 rated 6
617
617 rated 7
459
459 rated 8
313
313 rated 9
130
130 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
BIDUBAIDU Inc10
BXTHE BLACKSTONE GROUP L.P10
CELGCELGENE CORP10
More

VIDEO ON MSN MONEY

ABOUT

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.