Here's a look at the main movers at 2:45 p.m. in New York on Friday:
RISERS
Hewlett Packard (NYSE:HPQ) gained 1.5% to $27.78, paring an earlier rally, after reporting adjusted earnings of $0.88 per share, $0.03 above consensus. But the world’s second-largest PC seller issued current-quarter forecasts below market expectations as it continues to struggle amid technology shift toward mobile and cloud computing.
Salesforce.com (NYSE:CRM) rose 2.7% to $69.66. The world's biggest maker of online sales software boosted its full-year revenue guidance again, as it posted increases in subscription and services revenue.
New York & Co. (NYSE:NWY) surged 28% to $2.70 after the women's apparel retailer reported higher-than-expected sales in its fiscal second quarter and guided for upbeat outlook for the full year.
FALLERS
Deere & Co (NYSE:DE) fell 8% to $83.36 after the world’s largest farm equipment maker provided downbeat outlook for the current quarter and fiscal 2015, hurt by lower demand for agricultural and construction equipment.
ADRs of GlaxoSmithKline (NYSE:GSK) slumped 2.9% to $41.45. The global drugs giant agreed to sell its rights to a multiple sclerosis drug to Swiss rival Novartis for up to $1.03bn.
Foot Locker (NYSE:FL) declined 2.5% to $69.96. The athletic shoe and clothes giant posted a better-than-expected 29% jump in profit in its second quarter amid broad-based sales growth.
Intuit (NASDAQ:INTU) tumbled 12% to $90.54. The maker of TurboTax said it plans to divest its Demandforce, QuickBase and Quicken operations. The planned exit is expected to lower its profit for the year ending in July by about $0.10 per share and $250mln in revenue.
Gap (NYSE:GPS) dropped 3% to $32.66. The apparel retailer reported a profit that met market expectations in its fiscal second quarter, weighed down by currency headwinds.
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Here's a first look at the main movers in early deals in New York on Friday:
RISERS
Hewlett Packard (NYSE:HPQ) gained 5.6% to $28.82 after reporting adjusted earnings of $0.88 per share, $0.03 above consensus. The world’s second-largest PC seller issued current-quarter forecasts below market expectations as it continues to struggle amid technology shift toward mobile and cloud computing.
Salesforce.com (NYSE:CRM) rose 2.3% to $69.32. The world's biggest maker of online sales software boosted its full-year revenue guidance again, as it posted increases in subscription and services revenue.
FALLERS
Deere & Co (NYSE:DE) fell 6.7% to $84.63 after the world’s largest farm equipment maker provided downbeat outlook for the current quarter and fiscal 2015, hurt by lower demand for agricultural and construction equipment.
ADRs of GlaxoSmithKline (NYSE:GSK) slumped 1.7% to $41.98. The global drugs giant agreed to sell its rights to a multiple sclerosis drug to Swiss rival Novartis for up to $1.03bn.
Foot Locker (NYSE:FL) fluctuated and was last down 2.8% at $69.70. The athletic shoe and clothes giant posted a better-than-expected 29% jump in profit in its second quarter amid broad-based sales growth.
Intuit (NASDAQ:INTU) tumbled 11% to $91.51. The maker of TurboTax said it plans to divest its Demandforce, QuickBase and Quicken operations. The planned exit is expected to lower its profit for the year ending in July by about $0.10 per share and $250mln in revenue.