News

Caterpillar, Microsoft, Procter & Gamble, Silicon Image and J&J Snack are big market movers

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Caterpillar Inc., down $6.18 to $79.85

The construction equipment company reported worse-than-expected quarterly results and issued a weak outlook for 2015.

Freeport-McMoRan Inc., down $1.18 to $18.38

The mining company swung to a loss during the fourth quarter and its results fell short of Wall Street expectations.

The Procter & Gamble Co., down $3.09 to $86.49

The consumer products company reported a profit drop on a stronger U.S. dollar and expects exchange rates to remain challenging.

Packaging Corp. of America, down $5.23 to $76.33

The packaging company reported worse-than-expected quarterly results and provided a weaker-than-expected outlook.

Nasdaq

Microsoft Corp., down $4.35 to $42.66

The technology company provided a lacklustre fiscal third-quarter forecast and its Windows software business is facing difficulties.

Silicon Image Inc., up $1.39 to $7.29

Lattice Semiconductor Corp. will buy the semiconductor maker for about $600 million in a cash deal expected to close in March.

American Airlines Group Inc., down $2.75 to $52.70

The airline reported record profit, beating expectations, as it gets a lift from lower fuel prices and steady travel demand.

J&J Snack Foods Corp., down $16.09 to $98.53

The snack foods and beverages maker reported a quarterly profit, but the results fell short of Wall Street expectations.