Sponsored by
Associated Press
  •  

Google, Citigroup, AT&T among big market movers Friday

By Associated Press April 18, 2008 Comments (0)

0 Recommendations

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq:

NYSE

Google Inc., up $89.87 to $539.41

First-quarter results easily surpassed analysts' predictions, as the Internet search icon cut back on hiring to lower expenses.

Citigroup Inc., up $1.08 at $25.11

The country's largest bank posted a $5.1 billion quarterly loss because of poor bets on mortgages, but investors expected much worse.

AT&T Inc., down 6 cents at $37.51

The nation's biggest telecommunications company will cut about 4,600 jobs, or 1.5 percent of its staff, with the layoffs mostly among managers.

Caterpillar Inc., up $6.69 at $85.28

Global demand for the heavy equipment maker's mining products lifted first-quarter earnings 13 percent and above expectations.

Office Depot Inc., up 40 cents at $11.87

A dissident shareholders group dropped its proxy battle against the office products retailer and withdrew nominees for candidates to the board.

Honeywell International Inc., up $3.59 at $60.99

First-quarter profit rose 22 percent on higher sales and contracts from Embraer, Gulfstream and Airbus, the diversified manufacturer said.

Intuitive Surgical Inc., down $60 at $288.50

Quarterly profit soared 88 percent on strong sales of its da Vinci robotic surgical system, but the company's 2008 sales outlook missed expectations.

NASDAQ

E-Trade Financial Corp., up 35 cents at $3.97

Although the online broker posted a first-quarter loss, the company added 60,000 new customers _ the biggest increase since the 2005 fourth quarter.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 625141, ~/articles/articlehandler.aspx, 7/5/2008 9:44:38 AM, No ticker

FREE 1-Step Fool.com Access!

Already registered? Login Here

No, thanks

Simply enter your email address below to get:

  • Instant access to this article and all in-depth Motley Fool news and analysis.
  • A FREE FoolWatch Weekly email subscription — save time by getting the very best Motley Fool features and market coverage handpicked by Fool.com editors and delivered to you each week.

Related Tickers

Citigroup, Inc.

C Down! $16.82 -0.02 (-0.12%) 1:02 PM
CAPS Rating:
4548 Outperforms
1368 Underperforms
Rate This Stock

Major Indices

S&P 5001,262.90+0.11%
DJIA11,288.54+0.65%
RSL 2K665.78 -0.98%
NASD2,245.38 -0.27%
Updated: 1:04:33 PM
Sponsored by:

The Motley Poll

Will the U.S. economy fall into recession?

Sponsored by: