Xerox, Merck, Schlumberger, Hovnanian, Acura Pharmaceuticals among market movers Friday

Xerox, Merck, Schlumberger are active movers

NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Xerox Corp., up 87 cents at $11.32

The company’s first-quarter results and outlook topped analyst expectations as revenue from a recently acquired unit picked up.

Hovnanian Enterprises Inc., up 57 cents at $7.14

The homebuilder’s shares surged as the government said sales of new homes jumped 27 percent from February to March.

Schlumberger Ltd., up $4.50 at $72.68

Quarterly profit fell 28 percent, but the oilfield services provider said it sees signs of improving demand for its services.

DeVry Inc., down $4.79 at $69.46

The for-profit education provider’s earnings topped expectations, but student enrollment in its medical school is expected to slow.

NCR Corp., down $1.61 at $14.32

The ATM maker’s quarterly loss grew because of pension expenses and the cost of relocating its headquarters from Ohio to Georgia.

Merck & Co., up $1.69 at $35.46

The drugmaker said the federal health care overhaul will reduce its revenue in the next few years, but maintained its guidance.

NASDAQ:

Acura Pharmaceuticals Inc., down $1.88 at $4.02

A panel of Food and Drug Administration experts said the company’s experimental painkiller is not effective enough to warrant approval.

Rambus Inc., up $1.52 at $25.04

A gain from a legal settlement with Samsung Electronics Co. helped the memory chip maker return to a profit in its latest quarter.