Twitter and Akamai skid; Apple and Edwards climb

AP News
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Posted: Jul 27, 2016 4:35 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:

Apple Inc., up $6.28 to $102.95

The tech giant's results were better than expected and investors were pleased with its third-quarter guidance.

Twitter Inc., down $2.68 to $15.77

The messaging company's user growth remained weak, and demand from advertisers wasn't as good as it expected.

Akamai Technologies Inc., down $7.58 to $50.51

The cloud services company said some major customers, like Apple and Google, are moving more traffic to networks they've made themselves.

Edwards Lifesciences Corp., up $6.09 to $114.44

The medical device maker's net income and sales were stronger than excepted and gave a more optimistic forecast for the year.

Analog Devices Inc., up 46 cents to $63.33

The chipmaker agreed to buy competitor Linear Technology for $60 a share in cash and stock, or $14.8 billion.

Robert Half International Inc., down $4.59 to $36.86

The staffing company's net income and sales fell short of analyst estimates.

Garmin Ltd., up $5.40 to $51.79

The navigation device company reported strong quarterly results and raised its projections for the year.

Lumber Liquidators Holdings Inc., down $1.88 to $15.10

The flooring retailer posted a larger-than-expected loss and said fewer people came to its stores as it offered fewer discounts.