Market Commentary and Intraday News

Research In Motion, Tesla, WSP are market movers

235 days ago

(AP:NEW YORK) Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Nike Inc., down $1.09 at $94.91

The athletic footwear and clothing company said that its net income fell 12 percent in the fiscal first-quarter on higher costs.

Accenture PLC, up $4.65 at $70.03

The consulting firm reported that its profit in the fourth quarter fell due to higher tax rates, but it still beat expectations.

WSP Holdings Ltd., up 8 cents at $1.65

The Chinese company, which makes tubing and drill pipes for the oil and gas sectors, said that its second-quarter loss narrowed.

Watson Pharmaceuticals Inc., up $1.45 at $85.16

The generic drug company said that it is selling $3.75 billion in company debt to help fund its purchase of a European competitor.

Nacco Industries Inc., up $6.50 at $125.41

The holding company said that it has completed the spinoff of its materials-handling business Hyster-Yale Materials Handling Inc.

Nasdaq

Research In Motion Ltd., up 36 cents at $7.50

The BlackBerry maker posted a quarterly loss in its fiscal second quarter, but the results still beat Wall Street expectations.

Tesla Motors Inc., up 79 cents at $29.28

The electric car maker priced an offering of 6.9 million shares of common stock at $28.25 per share, slightly under Thursday's close.

Adtran Inc., down $1.87 at $17.28

The maker of equipment that links homes and businesses to the Internet posted third-quarter results that missed expectations.

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