Chipotle, Schlumberger among big market movers

AP News
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Posted: Oct 22, 2010 4:55 PM
Chipotle, Schlumberger among big market movers

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Chipotle Mexican Grill Inc., up $26.52 at $205.77

The restaurant chain's third-quarter income rose 40 percent as more consumers felt comfortable about spending to eat out.

Schlumberger Ltd., up $3.46 at $67.77

The oilfield services company said third-quarter profits more than doubled because of higher drilling activity on land in the U.S. and Canada.

NASDAQ

Riverbed Technology Inc., up $8.40 at $54.27

A 2-for-1 stock split and doubled profits brought an upgrade from Wedbush. The news gave Riverbed a new 52-week high.

Penn National Gaming Inc., up 97 cents at $33.81

Penn's third-quarter earnings more than doubled as consumers felt more secure about their finances and willing to gamble.

Cheesecake Factory Inc., up $2.13 at $29.20

The restaurant chain reported a 35 percent jump in third-quarter earnings and had several upgrades from industry analysts.

Columbia Sportswear Co., down $4.98 at $52.53

The company had record sales of $504 million in the third quarter, but its earnings fell below expectations because of higher marketing costs.

Baidu Inc., up $4.80 at $107.28

The company, which operates China's leading search engine, said its third-quarter profit more than doubled and revenue rose 76 percent.

Athenahealth Inc., up $6.93 at $37.42

The billing and records software company beat earnings forecasts after adding more than 1,400 physicians to its web-based billing and management product.