NEW YORK (MarketWatch) — Shares of the following companies were among those making notable moves in Wednesday’s U.S. stock market:
Advancers
Amphenol Corp.’s APH +10.35% shares rallied 9.7% after the maker of fiber-optic cables forecast 2012 earnings that topped analysts’ estimates and reported fourth-quarter and 2011 results.
Goldman Sach posts lower profitFourth-quarter earnings slump 58% as the investment bank records its second-lowest quarterly revenue since the financial crisis amid rocky capital markets.
Linear Technology Corp. LLTC +10.04% shares rose 10% a day after the integrated-circuit manufacturer projected third-quarter revenue above estimates and hiked its quarterly dividend by more than 4%, to 25 cents a share. Linear Technology’s forecast boosted other semiconductor stocks,
with Altera Corp. ALTR +7.18% rising 6.7%; Texas Instruments TXN +7.52% climbing 6.6%; Fairchild Semiconductor International Inc. FCS +12.07% rallying 12% and Avago Technologies Ltd. AVGO +7.74% jumping 7.4%.
OfficeMax Inc.’s OMX +7.96% shares rose 7.6% after Barclays analysts hiked their rating on the office-supplies retailer to equal weight from under weight.
Decliners
Majesco COOL -27.85% shares dropped 27% a day after the video-game publisher reported fourth-quarter results below expectations.
State Street Corp.STT -6.67% fell 7% after the Boston-based trust bank reported fourth-quarter net income that more than quadrupled as well as operating earnings that came in short of estimates. Read more on State Street’s results. |