Dallas 4/29/2010 10:52:08 PM
News / Business

US Stocks Movers After Results (BIDU, MKC, COP, EK)

Stocks Movers

 

Baidu, Inc.(ADR) (NASDAQ:BIDU) soared 14.15% to $709.32 after The company beat by $0.52 a share on better than expected revenue that grew at a 59.9% year over year. Online marketing revenues for the first quarter of 2010 jumped 59.6% from the same period a year ago. Baidu also announced a 10:1 ADS split.

 

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Burger King Holdings, Inc. (NYSE:BKC) climbed 4.74% to $21.66 after its fiscal third-quarter earnings fell to 30 cents a share from 34 cents in the year-ago period. Analysts polled by FactSet projected 29 cents a share. Revenue slipped 1% to $596.9 million, while global same-store sales fell 3.7%. Same-store sales in North America fell 6.1%. The Miami fast-food chain maintained its current full-year guidance.

 

ConocoPhillips (NYSE:COP) rose 1.91% to $59.67 after its first-quarter earnings more than doubled to $2.1 billion, or $1.40 a share, from $800 million, or 54 cents a share, in the year-ago period. Adjusted earnings totaled $1.47 a share. Wall Street analysts expected $1.36 a share, according to FactSet

 

Eastman Kodak Company (NYSE:EK) plunged 13.41% to $7.23 after it swung to a first-quarter profit from continuing operations of $119 million, or 40 cents a share, from a loss of $360 million, or $1.34, a year earlier. Sales rose 31% to $1.93 billion from $1.48 billion. The company projected a loss of $50 million to $150 million this year, including charges for early retirement of debt.

 

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