Hanesbrands, Microsoft, Intuit are market movers

AP News
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Posted: Apr 20, 2012 5:01 PM
Hanesbrands, Microsoft, Intuit are market movers

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

NYSE

Hanesbrands Inc., up $3.08 at $30.02

The maker of socks, T-shirts, underwear and other clothing basics reported a smaller-than-expected loss in the first quarter.

Schlumberger Ltd., up $1.90 at $71.70

Thanks to strong drilling activity, the oil services company said that its profit rose almost 38 percent in the first quarter.

Honeywell International Inc., up $1.39 at $59.39

The technology and manufacturing company said that its first-quarter profit rose as strength in the U.S. offset weakness in Europe.

Royal Caribbean Cruises Ltd., down $1.95 at $26.92

The cruise company's first-quarter earnings fell 40 percent from last year, hurt by another company's ship grounding early this year.

Tempur Pedic International Inc., down $17.22 at $66.53

The mattress maker's first-quarter profit rose 16 percent, but it posted a full-year forecast that fell short of expectations.

Nasdaq

Microsoft Corp., up $1.41 at $32.42

The company posted third-quarter results that beat Wall Street predictions, due to higher sales of its Windows operating system.

E-Trade Financial Corp., up 60 cents at $10.48

The online broker reported a 40 percent jump in first-quarter profit, beating Wall Street estimates thanks to a large tax benefit.

Intuit Inc., down $3.65 at $57.25

The maker of tax preparation software TurboTax said it expects third-quarter revenue will be closer to the low end of its guidance.