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Xerox and Amazon are big market movers

Created: 04/24/2015 5:53 PM WNYT.com
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Xerox Corp., down $1.15 to $11.99

The copier company cut its earnings estimate for the full year amid sliding sales and a rising dollar.

Time Warner Cable Inc., up $6.50 to $155.26

Rival Comcast dropped its $45 billion buyout bid for the cable company after pushback from the Federal Communications Commission.

3D Systems Corp., down $2.92 to $27.23

The maker of 3-D printing products warned that a stronger U.S. dollar and the slumping energy market will weigh on its first-quarter results.

AstraZeneca PLC, down $1.34 to $71.79

The drugmaker reported a 7 percent drop in first-quarter profit as generic versions of its top-selling drugs cut into revenue.

Nasdaq

Amazon.com Inc., up $55.11 to $445.10

The e-commerce company reported better-than-expected quarterly results, partly on cloud-computing contributions.

Biogen Inc., down $28.57 to $401.71

The biotechnology company reported worse-than-expected first-quarter results on slower growth of multiple sclerosis drug sales.

Starbucks Corp., up $2.41 to $51.84

The coffee chain reported strong fiscal second-quarter profit and revenue on sales of pricier beverages and baked goods.

Houghton Mifflin Harcourt Co., down 13 cents to $24.21

The education content and technology company is buying Scholastic Corp.'s education technology unit for $575 million in cash.

(Copyright 2015 by The Associated Press. All Rights Reserved.)

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