Surprising results: General Electric climbed 3.9 percent to $14.54 Friday after the conglomerate reported quarterly results that beat Wall Street’s expectations and said it expects to book as much as $10 billion in proceeds from divesting industrial assets this year.
Big drop: Philip Morris shares dropped 15.6 percent to $85.64 Thursday after it disclosed weak quarterly sales and said sales of its iQos device in Japan were slower than expected. The stock closed the week at $84.27.
Strong lift: Textron jumped 7.8 percent to $64.63 Thursday after the plane and helicopter maker delivered quarterly results that beat analysts’ forecasts and said it will sell its tools and test division to Emerson for $810 million. Shares closed the week at $65.59.
On track: CSX climbed 6.4 percent to $60.21 Thursday after the railroad operator said its latest quarterly profit almost doubled as the company slashed costs. The stock finished the week at $60.04.
Icahn’s gamble: Gaming and hotel operator Tropicana saw its shares rise 27.3 percent to $70 and resorts firm Eldorado jumped 20.2 percent to $42.90 Monday after Carl Icahn’s company said it has struck a deal that would fuse the two companies. Tropicana shares finished Friday at $70.30; Eldorado closed the week at $40.40.
Bingeworthy: Netflix jumped 9.5 percent to $336.90 Tuesday after the video streaming service said it gained 7.4 million subscribers in the first quarter, more than analysts expected. The stock closed Friday at $327.77.