McGraw-Hill, AZZ, CalAmp are market movers

[October 01, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Ingersoll-Rand PLC, down $3.87 at $28.09

The Irish industrial manufacturer lowered its third-quarter and full-year financial outlook, citing slower-than-expected business.

AZZ Inc., down $1.42 at $38.77

The electrical equipment maker posted second-quarter profit that was flat despite a 15 percent increase in sales.

McGraw-Hill Cos. Inc., down $1.31 at $41.00

The Wall Street Journal reported that the company plans to merge its S&P indexes business with CME Group Inc's Dow Jones indexes.

CubeSmart, down 30 cents at $8.53

A FBR Capital Markets analyst downgraded the real estate investment trust saying recent initiatives may hurt the company's growth.

Trina Solar Ltd., down 32 cents at $6.08

A monthly China manufacturing index showed that activity was flat and contracting in September, pushing many Chinese stocks lower.

Nasdaq

Global Crossing Ltd., down 12 cents at $23.91

Regulators have approved the proposed acquisition of the communications solutions company by Level 3 Communications.

Micron Technology Inc., down 83 cents at $5.04

The flash memory chipmaker posted a $135 million loss, badly missing Wall Street analyst's expectations for a slight profit.

CalAmp Corp., up 36 cents at $3.21

The wireless products maker posted a second-quarter profit as revenue climbed 15 percent, thanks to its wireless datacom division.

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.