3M and Altria tumble while Facebook and Comcast rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Microsoft Corp., up $4.14 to $129.15
The software maker’s efforts to push businesses onto its cloud computing platform fueled better-than-anticipated third quarter results.
Facebook Inc., up $10.68 to $193.26
Investors shrugged off a hefty charge for a potential regulatory fine as the social media company’s quarterly results beat forecasts.
United Parcel Service Inc., down $9.30 to $105.13
The package delivery service’s first quarter results fell short of Wall Street forecasts as revenue flat-lined
3M Co., down $28.36 to $190.72
The maker of Post-it notes, industrial coatings and ceramics reported weak first-quarter results and expects slower growth 2019.
Shutterstock Inc., down $3.72 to $42.05
The online marketplace for royalty-free images and videos reported weaker-than-anticipated first quarter profit and revenue.
World Wrestling Entertainment Inc., down $13.12 to $85.38
The professional wrestling events company reported a surprise first quarter loss on a decline in ratings and revenue.
Comcast Corp., up $1.08 to $42.93
The cable provider kept shedding cable customers and adding home internet customers, beating Wall Street’s profit forecasts for its most recent quarter.
Altria Group Inc., down $3.30 to $51.41
The nation’s largest cigarette maker reported weak first quarter results on lower sales and a hefty investment in cannabis company Cronos.