Microsoft and Honeywell rally while Skechers and GE slip
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Microsoft Corp., up $1.87 to $106.27
The technology company had a strong fiscal fourth quarter as its cloud computing business kept growing.
Skechers USA Inc., down $6.98 to $26.27
The shoe company’s quarterly forecasts fell far short of Wall Street estimates.
State Street Corp., down $6.87 to $85.87
The financial services company said it will buy Charles River Development for $2.6 billion.
General Electric Co., down 61 cents to $13.12
The industrial company had a solid second quarter overall but said its power business is still struggling.
Honeywell International Inc., up $5.59 to $153.13
The industrial conglomerate raised its annual profit and revenue forecasts.
Everest Re Group Ltd., down $9.48 to $224.82
The reinsurance company said it will take a $250 million charge mostly related to three major hurricanes in 2017.
Cintas Corp., up $9.89 to $203.57
The uniform supplier reported a larger profit and greater sales than analysts had projected.
V.F. Corp., up $3.70 to $92.94
The apparel company had a strong first quarter as sales of Vans shoes jumped.