Mattel, General Electric, AMD, Cardinal Health are among big market movers Friday

By AP
Friday, 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.

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :