Capital One and Abbott fall while IBM and Comcast jump
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
IBM Corp., up $10.37 to $132.89
The technology and consulting company gave strong forecasts for 2019 after reporting its fourth-quarter results.
Procter & Gamble Co., up $4.40 to $94.84
The consumer products giant gave a more optimistic annual forecast and disclosed strong quarterly sales.
United Technologies Corp., up $5.98 to $117.04
The elevator and jet engine maker’s profit and sales both handily surpassed Wall Street estimates.
Comcast Corp., up $1.92 to $36.89
The media company said it picked up more internet subscribers in its latest quarter.
Synchrony Financial, up $2.85 to $29.40
The consumer credit company said it’s settling a lawsuit with Walmart and extending a deal with Sam’s Club.
Capital One Financial Corp., down $5.20 to $78.20
The credit card issuer’s earnings and revenue were weaker than analysts expected.
Abbott Laboratories, down $1.58 to $69.91
The infant formula, drug and medical device company reported disappointing quarterly sales.
Anadarko Petroleum Corp., down $1.20 to $45.88
Energy companies fell as oil prices slipped for the third time in four days.