Apple, Boeing, Corning are market movers

[April 26, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

The Boeing Co., up $3.87 at $77.08

The aircraft maker said its first-quarter earnings jumped 58 percent on higher revenue from sales of its commercial airplanes.

Harley-Davidson Inc., up $3.13 at $53.49

The motorcycle maker said that its first-quarter profit jumped 44 percent, as improving economic conditions boosted U.S. sales.

The Jones Group Inc., down 99 cents at $11.25

The company, whose brands include Nine West and Anne Klein, said it lost money in the first quarter due to costs of closing stores.

Lorillard Inc., down $5.29 at $129.53

The maker of Newport and Kent cigarettes said its net income fell 10 percent in the first quarter as sales of cigarettes dropped.

Corning Inc., up 95 cents at $14.30

The specialty glass maker's first-quarter net income dropped 38 percent, but its results still beat Wall Street expectations.

Nasdaq

Apple Inc., up $49.72 at $610

The company said that it sold a better-than-expected 35 million iPhones in the second quarter, twice as many as it sold a year ago.

Iconix Brand Group Inc., down $2.49 at $14.53

The clothing company, which owns the Candie's and London Fog brands, reported that its first-quarter net income fell 12 percent.

Cray Inc., up $1.47 at $8.51

Technology company Intel Corp. said that it agreed to buy the company's supercomputing assets for $140 million.

[Associated Press]

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