UPS and Starbucks are big market movers

AP News
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Posted: Jan 23, 2015 4:49 PM

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

NYSE

United Parcel Service Inc., down $11.32 to $102.93

The shipping company cut its 2014 profit outlook, citing the cost of ensuring timely deliveries during the holiday season.

Celanese Corp., down $4.81 to $53.65

The chemical company's quarterly earnings adjusted for one-time items topped Wall Street forecasts but its revenue fell short of expectations.

Kimberly-Clark Corp., down $7.33 to $111.65

The maker of consumer products including diapers and tissues reported worse-than-expected fourth-quarter results.

Deere & Co., down $1.16 to $88.35

The agricultural equipment maker plans a mix of indefinite and temporary layoffs in Iowa and Illinois to adjust for demand.

Nasdaq

Starbucks Corp., up $5.48 to $88.22

The coffee shop chain reported a sharp rise in first-quarter profit that matched Wall Street expectations, while its revenue topped forecasts.

E-Trade Financial Corp., up $1.91 to $24.56

The online brokerage reported a drop in fourth-quarter profit, but the results exceeded Wall Street expectations.

Infinera Corp., up $2.59 to $16.99

The communications equipment maker reported a fourth-quarter profit and the results beat Wall Street expectations.

Array BioPharma Inc., up $2.06 to $7.11

The biotechnology company reached a deal to acquire worldwide rights to a potential cancer treatment from Novartis Pharma AG.