(Source: Providence Journal)
General Motors Corp., down 84 cents at $10.26 Credit rating agency Moody's downgraded the automaker's credit ratings, citing its challenges "in reestablishing a competitive position" in the U.S. market.
Deere & Co., down $4.49 at $64.86 While high crop prices spurred stronger sales of farm equipment, lower consumer, construction and forestry equipment revenue hurt quarterly profit.
Macy's Inc., up 2 cents at $20.29 Shares were up, even though the department store operator predicted full-year earnings below analyst estimates and reported lower quarterly revenue on slower consumer spending.
Dr Pepper Snapple Group Inc., up $1.25 at $22.91 The soft drink maker forecast better-than-expected 2008 profit, though second- quarter income fell on costs related to its recent spin-off from Cadbury Schweppes PLC.
Liz Claiborne Inc., down $2.31 at $12.60 The apparel maker trimmed its full-year profit outlook amid a slowdown in discretionary spending and posted a second-quarter loss from a year- ago profit.
Applied Materials Inc., up 88 cents at $19.35 Quarterly profit dropped 65 percent on tough industry conditions, but the chip equipment maker thinks the period marked a bottom for orders and revenue.
Canadian Solar Inc., down $2.58 at $28.33 The solar cell maker swung to a quarterly profit and raised its 2008 sales outlook, but investor expectations were high, an Oppenheimer analyst says.
Brocade Communications Systems Inc., up 17 cents at $7.40 Third- quarter profit nearly doubled to beat Wall Street estimates, partly due to higher services revenue, the networking equipment maker reported.
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