CBS, Toyota, Zipcar are market movers

AP News
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Posted: Aug 03, 2012 6:27 PM
CBS, Toyota, Zipcar are market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

CBS Corp., up $2.02 at $35.06

The media company said that its net income rose 8 percent in the second quarter, beating the expectations of Wall Street analysts.

Procter & Gamble Co., up $1.99 at $65.50

The maker of Tide detergent and Crest toothpaste said that its fourth-quarter net income rose after it sold its snacks division.

Toyota Motor Corp., up $4.03 at $81.06

The Japanese automaker raised its sales target for the year to a record 9.76 million vehicles and posted a strong quarterly profit.

Nasdaq

Zipcar Inc., down $3.88 at $6.75

The car-sharing company posted lower-than-expected second-quarter revenue and cut its 2012 estimates. Shares fell to an all-time low.

Kraft Foods Inc., up $1.57 at $40.51

The maker of Oreo cookies, Oscar Mayer lunch meat and other foods reported second-quarter earnings that beat market expectations.

OpenTable Inc., up $5.40 at $39.55

The provider of online restaurant reservations reported second-quarter results that topped what Wall Street was expecting.

Casella Waste Systems Inc., up 25 cents at $5.37

The waste management company said that it has a deal to sell one of its facilities in Maine to the state's city of Biddeford.

Skullcandy Inc., up 82 cents at $14.67

The maker of colorful headphones and other accessories posted second-quarter results that beat Wall Street expectations.