Biogen and Hess rise, Apple and Boeing fall

AP News
|
Posted: Jan 27, 2016 10:02 PM

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

NYSE

Boeing Co., down $11.43 to $116.58

The aerospace and defense giant's 2016 outlook fell short of Wall Street estimates.

Textron Inc., down $5.04 to $32.69

The maker of Cessna planes and Bell helicopters reported disappointing fourth-quarter results.

Tupperware Brands Corp., down $7.51 to $43.97

The company's fourth-quarter profit and sales fell far short of estimates.

Total System Services Inc., down $6.78 to $39.22

The electronic payment services provider reported a smaller-than-expected profit and gave a weak forecast.

Hess Corp., up $2.04 to $36.85

The oil and gas producer said it will cut more costs, slashing exploration and production further.

Nasdaq

Apple Inc., down $6.57 to $93.42

The tech titan said growth in iPhone sales slowed down and forecast its first decrease in quarterly revenue since 2003.

Biogen Inc., up $13.39 to $273.26

The biotech drugmaker's fourth-quarter earnings were stronger than expected as sales of Tecfidera improved.

Expedia Inc., down $5.40 to $99.53

The travel site operator fell after Goldman Sachs said investors' hopes for growth and profitability for Expedia and competitors may be too high.