Friday, February 15, 2013 5:24 pm
CBS, Orbitz, Transocean are market movers
The Associated Press
CBS Corp., up $1.70 at $44.64
The media company said that revenue and earnings grew modestly in the fourth quarter, helped by the presidential election.
Herbalife Ltd., up 47 cents at $38.74
A regulatory filing showed that billionaire investor Carl Icahn holds a 12.98 percent stake in the nutritional supplement company.
Transocean Ltd., down $3.04 at $56.26
A Deutsche Bank analyst cut his rating on the oil drilling company to "Sell," partly because of rising costs and increasing downtime.
Orbitz Worldwide Inc., up 18 cents at $3.33
The online travel company's fourth-quarter revenue exceeded expectations, and there were signs its hotel business was improving.
V.F. Corp., up $5.07 at $157.88
The clothing company, whose brands include Wrangler and Nautica, said fiscal fourth-quarter net income rose 30 percent.
Agilent Technologies Inc., down $2.33 at $42.25
The maker of medical electronic measurement and diagnostic machines cut its net income and sales outlook saying demand is volatile.
IPG Photonics Corp., down $6.72 at $62.76
The maker of lasers used to process industrial materials posted higher fourth-quarter profit, but analysts expected stronger growth.
Brocade Communications Systems Inc., down 14 cents at $5.86
The networking technology company reported a loss in its fiscal first quarter because of a $78 million charge related to tax laws.