Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.
Clear Channel Communications Inc., down $1.16 at $32.75
The radio and advertising company lost $4.7 billion in the fourth quarter due to a one-time accounting charge to comply with federal requirements.
H&R Block Inc., up $4.46 at $51.50
The company’s client base and revenue-per-client grew in the most recent quarter, although it also had an expected slide in profits.
The Washington Post Co., down $17.52 at $908.98
The newspaper and media company saw its profits rise 21 percent for the quarter, but missed Wall Street forecasts by 19 cents per share.
Microsoft Corp., down 12 cents at $25.25
European antitrust regulators met with the company’s rivals to ensure the software giant is complying with the European Union’s ruling against it.
Synaptics Inc., up $3.32 at $24.33
The company revealed in a regulatory filing that its touchpad technology will be used in future generations of Apple Computer Inc.’s iPod music players.
Tekelec, down $2.65 at $17.04
The communications equipment maker posted an 82 percent jump in fourth-quarter profits, but still failed to meet Wall Street’s expectations.