Apple, Corning, Delta are big movers

AP News
|
Posted: Jan 25, 2012 4:59 PM
Apple, Corning, Delta are big movers

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

NYSE

McDermott International Inc., up $1.19 at $13.13

The company, which builds offshore drilling sites, said it won a $2 billion contract for a project off the shore of Australia.

WellPoint Inc., down $3.30 at $66.10

The health insurer said its fourth-quarter earnings fell 39 percent and its full year earnings outlook missed expectations.

Delta Air Lines Inc., up 58 cents at $9.96

The Atlanta-based airline carrier said that its fourth-quarter profit soared as higher fares offset a larger fuel bill.

US Airways Group Inc., up $1.11 at $7.52

A bigger fuel bill lowered the carrier's fourth-quarter net income 35 percent, but the results still beat Wall Street expectations.

Nasdaq

Apple Inc., up $26.25 at $446.66

The iPhone maker's first-quarter earnings beat analyst estimates. Apple said iPhone sales more than doubled from a year ago.

Corning Inc., down $1.57 at $13.05

The maker of liquid-crystal-display glass posted a 53 percent slump in fourth-quarter profit citing falling glass prices.

SkyWest Inc., down $1.12 at $12.64

The regional airline said that it expects to post a fourth-quarter loss because of aircraft maintenance issues and other costs.

Textron Inc., up $3.15 at $24.76

The diversified manufacturer posted a $19 million fourth-quarter loss, but its results still beat Wall Street's expectations.