Friday's biggest gaining and declining stocks
7/27/12 4:25 PM ET (MarketWatch)
CHICAGO (MarketWatch) -- Shares of the following companies made notable moves in U.S. trade on Friday:
Shares of Aon PLC(AON) rose 6% to $49.31 after the insurance giant posted a drop in second-quarter profit on a jump in expenses, but also recorded higher revenue for the same period.
Coventry Health Care Inc. (CVH) shares rallied 11% to $34.07 after the company posted a decline in second-quarter profit, but still managed to exceed Wall Street's expectations. It also said it remains on track to reach its full-year earnings target.
Expedia Inc. (EXPE) shares rallied more than 20% to $54.90. The travel website late Thursday reported second-quarter earnings and revenue that exceeded market expectations.
The news from Expedia also helped boost shares of Priceline.com Inc. (PCLN) by 9% to $683.99.
Online retail giant Amazon.Com Inc. (AMZN) surged 8% to $237.32. Amazon posted a drop in second-quarter earnings Thursday, but the company's North American sales rose and gross margin came in at 26%, its highest level in seven years.
Acme Packet Inc. (APKT) shares dropped 7% to $15.03, with the data-delivery firm late Thursday reducing its full-year forecast. It also reported a loss for the second quarter.
CA Inc. (CA) fell 7% to $24.43 after reporting drops in second-quarter revenue, backlog and bookings.
Facebook Inc. (FB) shares slumped 12% to $23.70. The social-networking company late Thursday reported a 32% rise in second-quarter revenue, but didn't provide a forecast for the current quarter or the year. Investors are also worried about how the company will generate significant revenue from mobile products.
Newmont Mining Corp. (NEM) shares fell 3% to $44.52 after the company reported second-quarter declines in profit and revenue. It also cut its output target.
Starbucks Corp. (SBUX) shares dropped 9% to $47.47. The coffee chain late Thursday lowered its profit targets for the current quarter, citing the difficult global economic environment.