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SMALL BUSINESS
Movers roundup: Chesapeake Energy, TriQuint
AP
-Among the stock activity stories for Thursday, Oct. 22, from AP Financial News:
NEW YORK (AP) — Shares of Chesapeake Energy fell as an analyst downgraded the natural gas company, saying its stock has appreciated to a fair level, having rallied 53 percent in the past six months.
HILLSBORO, Ore. (AP) — Shares of TriQuint Semiconductor Inc. plunged after the mobile phone chip maker's third-quarter revenue fell below estimates and it said a key customer was cutting orders.
BOSTON (AP) — Shares of Alliance Data Systems Corp. tumbled after analysts offered mostly negative assessments of the company's third-quarter results and earnings outlook for next year.
ALISO VIEJO, Calif. (AP) — Shares of network equipment maker QLogic Corp. rose more than 5 percent after the company's results beat fiscal second-quarter profit estimates and it gave a conservative forecast.
BOSTON (AP) — Shares of Ameriprise Financial Inc. surged to a new year-high after the financial services company posted a third-quarter profit that beat Wall Street's expectations, prompting an analyst to upgrade the stock.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-22 18:14:54
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