Caterpillar, 3M and Paccar tumble while McDonald’s rises
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Caterpillar Inc., down $9.73 to $118.98
The construction equipment maker backed its annual forecasts and investors worried that it’s due for a weak fourth quarter.
Waters Corp., down $4.86 to $181.22
The maker of products used in drug discovery and development reported lower-than-expected revenue and gave a disappointing fourth-quarter forecast.
Paccar Inc., down $3.10 to $57.40
The truck maker posted lower sales than analysts expected.
McDonald’s Corp., up $10.52 to $117.15
The fast food chain sales continued to rise and it posted a larger profit than analysts expected.
3M Co., down $8.81 to $192.55
The maker of Post-it notes and ceramic coatings reported disappointing revenue as sales for several divisions fell.
Verizon Communications Inc., up $2.23 to $57.21
The cellphone carrier’s profit and revenue surpassed Wall Street estimates.
PulteGroup Inc., up $1.52 to $22.40
The homebuilder said buyer interest is still high and it recovered some of its recent losses.
Phillips 66, down $3.35 to $98.80
Energy companies slumped along with oil prices.