Intel, Dean Foods, PulteGroup are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Quest Diagnostics Inc., down $3.62 at $59.75
Third-quarter earnings slipped 5 percent as restructuring costs and a drop in clinical testing revenue hurt the medical laboratory's performance.
Dean Foods Co., up $1.92 at $16.96
The food maker has filed with regulators for an initial public offering of its WhiteWave Foods unit.
St. Jude Medical Inc., down $2.09 at $40.85
CEO Dan Starks said during an earnings conference call that the medical device maker could get a letter from the FDA related to its manufacturing facilities in California.
PulteGroup Inc., up 88 cents at $17.44
The homebuilder's shares hit an all-time high following a report from the Commerce Department showing a surprisingly large surge in construction starts.
International Business Machines Corp., down $10.37 at $200.63
The technology company reported disappointing third-quarter revenue and suggested demand in key markets may be slowing.
Intel Corp., down 56 cents at $21.79
The chipmaker said the usual bounce in sales due to the holiday season is likely to be cut in half this year due to a weak global economy.
Cree Inc., up $2.73 at $28.92
The maker of light-emitting diode products reported a profit increase last quarter, breaking a four-quarter stretch of year-over-year profit losses.
Apollo Group Inc., down $6.09 at $21.40
Fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix. Apollo will close 115 locations.