Costco Wholesale and Hess rise; Oracle and CSX tumble
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
Oracle Corp., down $1.89 to $48.30
Analysts were disappointed with results from the software maker’s cloud business and its forecasts.
Adobe Systems Inc., up $2.51 to $177.51
The software company surpassed Wall Street’s forecasts in its latest quarter.
Costco Wholesale Corp., up $6.20 to $192.73
The wholesale club company had a better quarter than analysts expected.
CSX Corp., down $4.38 to $52.93
The railroad operator said CEO Hunter Harrison is on leave because of health problems.
Hess Corp., up 98 cents to $43.40
Reuters said activist investment firm Elliott Management plans to push for changes at the oil and gas company.
Discovery Communications Inc., up $1 to $21.04
Company director John Malone disclosed that he had bought more stock in the cable channel operator.
Snyder’s-Lance Inc., up $2.37 to $46.79
CNBC reported that the snack food company has had talks with Campbell Soup and another company about a possible sale.
Jabil Circuit Inc., up 42 cents to $27.87
The electronics manufacturer posted a bigger profit and better revenue than analysts had anticipated.