05/02/2001
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Procter & Gamble Co., up $4.13 at $64.18
The consumer goods company reported third-quarter earnings increased 19 percent, beating Wall Street expectations. A drop in net sales was blamed on unfavorable exchange rates.
Pulte Homes Corp., down $4.28 at $42.50; Dell Webb Corp., up $4.60 at $38.40
Pulte Homes Corp. is acquiring Arizona-based retirement community pioneer Del Webb Corp. for stock worth about $800 million.
McDonald's Corp., up 28 cents at $27.78
The fast-food restaurant chain is reshuffling its management team, according to published reports.
Dell Computer Corp., down 53 cents at $25.76
Citing worries about the company's performance in the weakened economy, Merrill Lynch increased its risk rating of the stock and lowered earnings estimates.
Priceline.com Inc., up $1.74 at $6.59 in regular trading; up 73 cents at $7.32 in the extended session
The online travel agent's rating was upgraded by Goldman Sachs to "market outperformer" from "market performer" in anticipation of the release of first-quarter results. Those results, which were reported after regular trading ended, beat Wall Street expectations and sent the stock up even higher in the extended session.
Expedia Inc., up $4.11 at $30.12
The online travel agency's chief executive told Dow Jones the company sees fiscal 2002 revenue growing by about 50 percent. The company said Monday it turned a profit a year ahead of expectations.
(c) 2001 Associated PressThe views and opinions expressed in these articles do not necessarily reflect those of College Central Network, Inc. or its affiliates. Reference to any company, organization, product, or service does not constitute endorsement by College Central Network, Inc., its affiliates or associated companies. The information provided is not intended to replace the advice or guidance of your legal, financial, or medical professional.