Palm, BP, Motorola, Eastman Kodak, Time Warner Cable among big market movers Thursday
By APThursday, April 29, 2010
Palm, BP, Time Warner Cable are active movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Motorola Inc., up 24 cents to $7.16
The second-largest U.S. cellphone maker reported a surprise quarterly profit and brighter-than-expected outlook.
Eastman Kodak Co., down $1.41 to $6.94
Inkjet printer sales and a legal settlement helped the photography pioneer return to a quarterly profit but results missed expectations.
Time Warner Cable Inc., up $4.02 to $57.15
The nation’s second-largest cable TV provider posted a 30 percent jump in profit on growth in subscribers and advertising revenue.
BP PLC, down $4.78 to $52.56
Days after its rig exploded, the company said it needs more help to stop a massive oil leak that threatens the Louisiana coast.
NASDAQ:
Palm Inc., up $1.21 to $5.84
The struggling smart phone maker is being bought by Hewlett-Packard Co. for about $1.4 billion in cash.
Baidu Inc., up $88.49 to $709.87
China’s most popular Internet search engine reported a surge in quarterly profit in the wake of rival Google’s exit from the market.
First Solar Inc., up $22.74 to $150.87
The solar panel maker reported better-than-expected quarterly earnings and raised its outlook for the full year.
Akamai Technologies Inc., up $6.45 to $39.63
Higher-margin services helped the online content delivery company’s quarterly profit exceed Wall Street expectations.
