Alcatel-Lucent, Arch Coal, American Axle, Coinstar among big market movers Friday

Friday, July 30, 2010

Alcatel-Lucent, Arch Coal among big movers

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


Alcatel-Lucent, up 38 cents at $2.98

The French-U.S. telecommunications equipment supplier said its net loss in the second quarter was wider than expected.

MEMC Electronic Materials Inc., down $1.70 at $9.56

The maker of computer chip wafers and solar cell silicon posted weak quarterly results and expects to miss its full-year forecast.

American Axle & Manufacturing Holdings Inc., up 21 cents at $9.31

American Axle turned to a second-quarter profit and its revenue more than doubled on a resurgence of the auto industry.

Arch Coal Inc., up $1.19 at $23.69

The miner reversed losses from a year ago, beating Wall Street’s expectations on the strength of global markets and a jump in sales.

Pactiv Corp., down $1.12 at $30.42

The maker of Hefty garbage bags and packaging material said its second-quarter income fell but it still beat expectations.

BorgWarner Inc., up $1.38 at $43.86

The auto parts maker raised its outlook for the year after posting a quarterly profit, driven by demand for its powertrain products.


Coinstar Inc., down $2.59 at $45.50

The operator of coin-counting machines and Redbox DVD rental kiosks said its second-quarter profit rose as revenue grew.

Thoratec Corp., down $5.76 at $36.78

The heart device maker issued full-year forecasts mostly below expectations as it expects seasonal softness in the third quarter.

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