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Google, Coach, CSX are market movers

  • Associated Press
  • January 23, 2013 - 4:04 PM

NEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Coach Inc., down $9.93 at $50.75

The upscale handbag seller said a challenging economy and heavy price-cutting by competitors weighed on its second-quarter results.

CSX Corp., up 87 cents at $21.68

The railroad operator posted a 3 percent decline in fourth-quarter net income, but the results still beat Wall Street expectations.

Advanced Micro Devices Inc., up 28 cents at $2.73

The Sunnyvale, Calif.-based chipmaker reported results for the fiscal fourth quarter that beat Wall Street expectations.

International Business Machines Corp., up $8.64 at $204.72

The technology company reported stronger-than-expected earnings and revenue for the fourth quarter and issued a positive outlook.

RPC Inc., up 58 cents at $14.26

The oil and gas exploration company said its fourth-quarter profit fell 26 percent, but it still beat Wall Street expectations.

Praxair Inc., down $3.25 at $110.77

The industrial gas company's net income slipped 1 percent in the fourth quarter, due to unfavorable foreign currency exchanges.

Nasdaq

Google Inc., up $38.63 at $741.50

The Internet search firm said its fourth-quarter earnings rose as online advertisers spent more money in pursuit of holiday shoppers.

MAP Pharmaceuticals Inc., up $9.13 at $24.71

Allergan Inc., the specialty drugmaker, is buying the headache drug developer for $882.5 million to expand into migraine treatments.

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