Biogen and Hess rise, Apple and Boeing fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:
Boeing Co., down $11.43 to $116.58
The aerospace and defense giant’s 2016 outlook fell short of Wall Street estimates.
Textron Inc., down $5.04 to $32.69
The maker of Cessna planes and Bell helicopters reported disappointing fourth-quarter results.
Tupperware Brands Corp., down $7.51 to $43.97
The company’s fourth-quarter profit and sales fell far short of estimates.
Total System Services Inc., down $6.78 to $39.22
The electronic payment services provider reported a smaller-than-expected profit and gave a weak forecast.
Hess Corp., up $2.04 to $36.85
The oil and gas producer said it will cut more costs, slashing exploration and production further.
Apple Inc., down $6.57 to $93.42
The tech titan said growth in iPhone sales slowed down and forecast its first decrease in quarterly revenue since 2003.
Biogen Inc., up $13.39 to $273.26
The biotech drugmaker’s fourth-quarter earnings were stronger than expected as sales of Tecfidera improved.
Expedia Inc., down $5.40 to $99.53
The travel site operator fell after Goldman Sachs said investors’ hopes for growth and profitability for Expedia and competitors may be too high.