Mattel, General Electric, AMD, Cardinal Health are among big market movers Friday
By APFriday, October 16, 2009
Mattel, General Electric, AMD big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
Mattel Inc., up 88 cents at $20.46
The toymaker reported a profit decline of just 3 percent despite a steeper drop in sales, voicing hopes for the upcoming holiday season.
General Electric Co., down 71 cents at $16.08
The company’s troubled financial unit dragged down earnings 44 percent, despite gains in appliances and broadcast television shows.
Advanced Micro Devices Inc., down 45 cents at $5.74
The chip maker pared its revenue outlook for the fourth quarter while analysts remained bearish on the stock.
Bank of America Corp., down 84 cents at $17.26
The nation’s second-largest bank lost more than $2.2 billion in the third quarter as loan losses kept rising.
Estee Lauder Cos., up $1.99 at $41.11
The cosmetics company forecast fiscal first-quarter earnings “significantly” higher than it anticipated.
Callaway Golf Co., down 44 cents at $8.31
The golf equipment retailer predicted a bigger third-quarter loss amid waning consumer spending that has dampened demand.
Alliance Data Systems Corp., up $1.58 at $66.48
The company said defaults on its private-label credit cards fell and analysts looked favorably on recent trends.
Cardinal Health Inc., up 77 cents at $28.68
An analyst raised his rating on the stock, saying prescription trends are getting better and sale prices should hold steady.
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