Caterpillar and 3M jump while Whirlpool tumbles
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Caterpillar Inc., up $6.56 to $138.24
The construction equipment company raised its profit forecast after a strong third-quarter.
3M Co., up $13.10 to $234.65
The maker of Post-it notes and industrial coatings forecast a larger profit and better sales for this year.
Biogen Inc., down $12.82 to $315.73
Sales of some of the company’s multiple sclerosis drugs fell short of analysts’ estimates.
Whirlpool Corp., down $19.24 to $163.26
The appliance maker had a weak third quarter and cut its profit forecast as its costs rose.
Stanley Black & Decker Inc., up $7.55 to $165.74
The tools maker gave a more optimistic profit forecast.
Eli Lilly & Co., down $2.01 to $85.17
The drugmaker said it may sell its Elanco animal health division.
McDonald’s Corp., up 54 cents to $163.88
The fast food chain said cheap burger and soda promotions helped its earnings in the third quarter.
HNI Corp., down $7.91 to $34.38
The office furniture maker said its fourth-quarter profit will fall because of weaker sales and higher costs.