UPS, RealD, WebMD Stocks Move Big
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
United Parcel Service Inc., down $5.33 at $86.12
The package delivery and logistics company says its second-quarter earnings will be hurt as customers use cheaper options.
Wells Fargo & Co., up 74 cents at $42.63
Lower expenses and fewer bad loans helped lift the bank’s second-quarter profit by 20 percent.
RealD Inc., down $1.34 at $12.17
The company, which licenses 3-D movie equipment to theaters, reported box office figures for June that disappointed investors.
Infosys Ltd., up $2.13 at $46.17
The Indian software outsourcing company reported slightly higher quarterly profit and maintained its revenue growth forecast.
Spansion Inc., down 31 cents at $12.91
The flash memory products maker raised its second-quarter profit expectations, but said its revenue will be lower than expected.
Sprint Nextel Corp., up 17 cents at $6.45
The wireless carrier is introducing a new plan that guarantees new and existing subscribers unlimited voice, text and data plans.
Spreadtrum Communications Inc., up $3.31 at $29.76
The smartphone chip maker said that it has agreed to be acquired by China’s Tsinghua Holdings Co. for approximately $1.5 billion.
WebMD Health Corp., up $6.86 at $33.82
The medical website operator raised its guidance for the year after a strong second quarter, citing better demand from advertisers.