Textron and eBay skid while Adobe and Verizon jump

AP News
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Posted: Oct 19, 2017 4:49 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:

United Continental Holdings Inc., down $8.21 to $59.78

The parent of United Airlines said that weak prices will continue the rest of this year

Textron Inc., down 47 cents to $53.10

The company lowered its profit forecast after revenue from its aviation business slipped.

Genuine Parts Co., down $8.33 to $89.71

The auto parts retailer said costs rose and its quarterly profit fell short of Wall Street estimates.

Blue Apron Holdings Inc., down 13 cents to $5.17

The meal kit company said it will cut 320 jobs, or 6 percent of its staff positions.

American Express Co., down 18 cents to $91.90

The credit card issuer and payments company said Chairman and CEO Kenneth Chenault will retire after 16 years.

Adobe Systems Inc., up $18.73 to $171.73

The software maker gave a strong profit forecast for 2018.

Verizon Communications Inc., up 56 cents to $49.21

The cellphone carrier had a strong third quarter and analysts said its wireless business did well.

eBay Inc., down 68 cents to $37.29

The e-commerce company returned some of its recent gains as its earnings and forecasts didn't excite investors.

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