April 22, 2016 / 2:17 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Microsoft, Alphabet, Kimberly-Clark, Starbucks

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes were flat on Friday after poor quarterly reports from technology bellwethers Microsoft and Alphabet outweighed gains from steadying oil prices. The Dow Jones industrial average was up 0.12 percent at 18,003.54, the S&P 500 was up 0.02 percent at 2,091.93 and the Nasdaq Composite was down 0.77 percent at 4,907.96.

** ALPHABET INC, $737.1, -5.50 pct

Google’s parent company missed Wall Street targets for first-quarter profit and revenue on Thursday as it spent more money to build traffic for its mobile advertising services.

** MICROSOFT CORP, $51.03, -8.52 pct

The software company reported results that fell short of analysts’ expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market.

** KIMBERLY-CLARK CORP, $125.66, -4.62 pct

The personal care product maker reported lower-than-expected first-quarter sales, hurt by a strong dollar.

** STARBUCKS CORP, $57.7608, -4.75 pct

The world’s largest coffee chain posted quarterly cafe sales that missed analysts’ growth estimates for every region where it operates and issued a disappointing full-year forecast.

** VISA INC, $78.43, -2.92 pct

The world’s largest payments network operator lowered its full-year revenue forecast blaming lack of improvement in cross-border spending.

** CATERPILLAR INC, $78.26, -0.51 pct

The world’s largest construction and mining equipment maker lowered its 2016 sales and earnings outlook and posted a lower first-quarter net profit on Friday as revenues declined in the company’s construction, oil and gas, mining and rail business segments.

** MCDONALD’S CORP, $126.23, +0.35 pct

The world’s biggest restaurant chain reported higher-than-expected quarterly sales and profit as its all-day breakfast and promotional offerings attracted more customers to its U.S. restaurants.


** PERRIGO CO PLC, $125.19, -2.71 pct

Drugmaker Valeant is seeking to appoint Perrigo boss Joseph Papa as its new chief executive, a source familiar with the matter said.

** LAKELAND INDUSTRIES INC, $9.5, -12.84 pct

The hazardous materials suit maker reported a 19 percent decline in fourth-quarter on Thursday.

** ADVANCED MICRO DEVICES INC, $3.48, +32.82 pct

The struggling chipmaker’s forecast implied that the company could post a surprise rise in current-quarter revenue, ending a run of six quarters of declines, helped by strong demand for its chips and a new licensing deal.

** GENERAL ELECTRIC CO, $30.52, -1.48 pct

The U.S. conglomerate reported a higher-than-expected first-quarter profit on Friday, but organic revenue fell 1 percent, raising questions about the company’s full-year revenue target.

** AUTONATION INC, $47.44, -1.27 pct

The largest U.S. auto dealership chain reported a 14 percent fall in quarterly profit as costs rose.

** HONEYWELL INTERNATIONAL INC, $112.74, -1.90 pct

The aircraft equipment maker posted a 6.3 percent rise in quarterly profit, helped by strength in its automation and climate control systems businesses. (Compiled by Sruthi Shankar in Bengaluru; Editing by Don Sebastian)

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