McDonald's, SanDisk, AMD are big market movers

AP News
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Posted: Jul 22, 2011 4:36 PM
McDonald's, SanDisk, AMD are big market movers

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

NYSE

Advanced Micro Devices Inc., up $1.25 at $7.75

The chip maker posted a second-quarter profit and said there were early signs of sucess for a new chip with graphics capabilities.

Caterpillar Inc., down $6.45 at $105.15

The heavy equipment maker's quarterly profit jumped 44 percent, but Wall Street had expected more growth.

General Electric Co., down 12 cents at $19.04

The industrial and financial conglomerate said profit increased as its lending arm continued to recover from the recession.

Schlumberger Ltd., up $2.85 at $93.81

The oil services company got a boost in the second quarter from a pickup in drilling in North America.

Ruby Tuesday Inc., down $1.55 at $9.50

The restaurant chain's profit forecast for 2012 fell short of analyst estimates. The company is spending more on advertising.

McDonald's Corp., up $2.02 at $88.56

The world's largest burger chain said quarterly net income rose 15 percent on rising sales around the world. Shares hit a record high.

Nasdaq

Coinstar Inc., down $4.40 at $54.23

The president of the company's Redbox DVD rental kiosks unit resigned, and its quarterly revenue forecast was short of expectations.

SanDisk Corp., up $4 at $45.57

The flash memory storage maker reported second-quarter results that were well above Wall Street's estimates.