AmEx, Apple, Assured Guaranty, UAL are big movers
Posted By ap 1 year, 4 months ago in Business & FinanceNEW YORK (AP) _ Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
American Express Co., dpwn $3.94 at $36.96
The credit card company's quarterly profit tumbled well below estimates as it set aside more money to cover souring loans.
Wachovia Corp., up 83 cents at $14.01
Charges and reserves for bad mortgages caused a $9 billion loss, though shares of the bank rose on hopes the worst is over.
Texas Instruments Inc., down $4.57 at $23.95
Weak sales of cell phone chips and slower orders from distributors caused the technology company to miss second-quarter Wall Street estimates.
Assured Guaranty Ltd., down $8.98 at $9.77
The bond insurer expects a drop in earnings, excluding some items, and a ratings agency put its credit on review for a possible downgrade.
Domino's Pizza Inc., up $1.70 at $12.09
Quarterly profit soared from a period that was hurt by one-time items, and the pizza chain operator said it is cutting costs amid a U.S. slowdown.
UPS Corp., up $1.99 at $61.45 The world's largest shipping carrier said profit fell 21 percent on higher fuel costs and weaker volume, though easing oil prices helped the shares.
NASDAQ
Apple Inc., down $11.72 at $154.57
While sales and profit beat estimates, the computer, iPod and iPhone maker gave a weaker-than-expected outlook for the current quarter.
UAL Corp., up $2.42 at $7.41
A drop in oil prices boosted the shares, as fuel is one of an airline's biggest costs, offsetting its report of an almost $3 billion loss.
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