Photo: Celine.Q via flickr
Only 64 of the 500 companies that make up the S&P 500 are trading in positive territory today, as all the major U.S. indexes take losses.For those in the green, it’s a good day. Check out the major movers below:
Genworth Financial (GNW): Up 15.4% — Net income at the financial giant fell to $29 million, while operating income jumped to $104 million, which excludes earnings on investments. Genworth reported that loan losses continued to decline and that it would sell part of its Australian unit to balance capital needs with its mission.
Starbucks Corp. (SBUX): Up 6.7% — The brewer reported profits increased 29% during the quarter to $358 million, or $0.47 a share, toppling analyst expectations for EPS of $0.36. U.S. same-store sales gained 10%, while international operated store-sales grew by 6%. Management expects to add 800 net new stores in fiscal 2012. They also expect earnings to jump 15-20%.
First Solar (FSLR): Up 6.2% — First Solar announced it would consolidate manufacturing facilities to cut costs and maintain margins. The company released earnings last week earlier than anticipated after its CEO abruptly resigned. Revenue of $1 billion was in line with consensus, but net income missed.
Microchip Technologies (MCHP): Up 3.5% — Microchip earnings fell during the third quarter and the company forecast lower for the fourth quarter, to EPS between $0.40 and $0.44, below expectations for $0.44. But 14 analyst notes today reiterated positions of mostly buy and hold ratings. Jefferies analyst Mark Lipacis even guided higher, increasing his price target by $3 to $41.