Gainers:
Boeing Co. (BA: Quote) is rising more than 2 percent to $75.25. The company's first quarter profit increased 58 percent from the previous year period and was above Wall Street view. Revenues rose 30 percent and also topped analysts' estimate.
Eli Lilly & Co. (LLY: Quote) is rising 1 percent to $40.48. The company's first quarter profit and total revenue declined from the previous year period, but were above Wall Street view. The company also raised its 2012 earnings per share guidance.
Sprint Nextel Corp. (S: Quote) is up more than 5 percent to $2.60. The company's first quarter loss widened from the year-ago quarter. Net operating revenues improved 5 percent. The company said it recorded more than 1.5 million iPhone sales in the first quarter with 44 percent going to new customers. In addition, the company noted that its Network Vision initiative remains on track.
GeoResources, Inc. (GEOI: Quote) is jumping 21 percent to $37.24 as it agreed to merge into a wholly-owned subsidiary of Halcón Resources in a cash and stock transaction that values company at approximately $1.0 billion.
Apple Inc. (AAPL: Quote) is up 10 percent to $617.07. The company's second quarter profit jumped 94 percent from the year-ago quarter and was above the Wall Street view. March quarter sales of iPhones improved 88 percent, iPads surged 151 percent, Macs increased 7 percent, while sales of iPods declined 15 percent. However, the company guided its third quarter results below consensus.
Corning Inc. (GLW: Quote) is increasing 7 percent to $14.35. The company's first quarter profit declined from the year-ago quarter, but was above analysts' expectation. Net sales were flat and topped consensus.
Harley-Davidson, Inc. (HOG: Quote) is up more than 3 percent to $52.22. The company's first quarter profit and revenue increased from the previous year and were above Wall Street view. In addition, the company raised full-year shipment guidance.
Decliners:
Iconix Brand Group, Inc. (ICON: Quote) is plunging 17 percent to $14.01. The company's first quarter profit declined from the year-ago quarter and was below analysts' estimate. Total revenue declined 4 percent and missed the consensus estimate. In addition, the company lowered its 2012 guidance primarily due to the continued softness of the men's brands, specifically Rocawear, Ecko and Ed Hardy, and certain international initiatives that it no longer expects to complete in 2012.
Trading halt:
Trading in shares of Heartware International Inc. (HTWR: Quote) was halted. The FDA's Circulatory System Devices Advisory Committee meets on April 25 to review the company's Premarket Approval application for the HeartWare Ventricular Assist System as a bridge to heart transplantation for patients with end-stage heart failure.
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by RTT Staff Writer
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