Friday, February 22, 2013 5:07 pm
AIG, HP, Abercrombie, Zynga are big movers
By The Associated Press
American International Group Inc., up $1.17 at $38.45
The insurer posted a $4 billion loss at the end of 2012 on costs from Sandy, but its operating profit topped Wall Street expectations.
Hewlett-Packard Co., up $2.10 at $19.20
The latest quarter showed some progress at the PC maker, which has been struggling with a shift toward smartphones and tablets.
Abercrombie & Fitch Co., down $2.19 at $46.86
The teen clothing retailer's profit rose during the holiday quarter, but sales trends deteriorated. It plans to close up to 50 U.S. stores.
Rackspace Hosting Inc., down 74 cents at $54.59
The website hosting company is cutting prices for its cloud bandwidth by one-third and setting tiered prices for other services.
Zynga Inc., up 23 cents at $3.19
The online games maker could be closer to offering lucrative gambling games in the U.S. after a Nevada law legalized online gambling.
Aruba Networks Inc., up $4.60 at $25.40
The maker of equipment for wireless networks reverted to a profit and posted higher revenue in its latest quarter as demand grew.
WebMD Health Corp., up $4.14 at $20.44
The health website predicted another sales decline for this year, but the drop was not as steep as Wall Street expected.
Charter Communications Inc., up $7.99 at $85.02
New customers and more video and advertising sales helped the cable TV provider narrow its fourth-quarter loss.