Google, IBM, Treehouse Foods are big movers

[January 21, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Treehouse Foods Inc., down $6.10 at $56.76

The maker of canned soup, instant oatmeal and powdered coffee creamer said warm weather drove down sales volumes in December.

International Business Machines Corp., up $8 at $188.52

The tech company's fourth-quarter earnings beat Wall Street's expectations on higher revenue from its software and services unit.

CoreLogic Inc., up 65 cents at $14.43

The data aggregator expects to report better-than-anticipated results for 2011, citing cost cuts and a rise in mortgage lending.

Capital One Financial Corp., down $2.74 at $46.03

The bank said that its net income fell 41 percent in the fourth quarter as expenses for marketing and operations rose sharply.

Nasdaq

Google Inc., down $53.58 at $585.99

The Internet search company said earnings growth slowed in the fourth quarter. Its results were way below analyst's expectations.

Fifth Third Bancorp, down 39 cents at $13.17

The regional banking company's fourth-quarter net income rose 13 percent, but analysts had expected slightly stronger growth.

Microsoft Corp., up $1.59 at $29.71

Despite a weak PC market, the technology company's earnings beat expectations thanks to higher sales of servers and Xbox games.

NCI Inc., down $3.66 at $7.80

The government contractor said it expects lower earnings and revenue in 2012 due to uncertainty over its federal contracts.

[Associated Press]

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