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Fri, 12/14/2018 - 2:35pm

Johnson & Johnson, Adobe and Starbucks dip; Sealed Air rises

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Adobe Inc., down $18.08 to $230 The software company gave a disappointing profit forecast for the current fiscal year. Alaska Air Group Inc., up 96 cents to $62.30 The airline said it flew more passengers and revenue improved in November. Sealed Air Corp., up $1.54 to $33.94 The industrial gas company announced a new restructuring program, including job cuts, aiming to save about $200 million a year. Starbucks Corp., down $1.57 to $65.34 The coffee company's forecasts fell short of Wall Street expectations. Costco Wholesale Corp., down $19.45 to $207.06 The warehouse club operator's membership revenue and sales were weaker than analysts expected. Johnson & Johnson, down $14.84 to $133 Reuters reported that the health care giant knew for decades that its baby powder was sometimes contaminated with asbestos. Nucor Inc., up 69 cents to $56.39 The steelmaker gave a strong profit forecast for the fourth quarter. Schlumberger Ltd., down $1.92 to $39.10 Energy company stocks and oil prices fell after reports showed China's retail sales and industrial output slowed in November. Read more on NewsOK.com

 

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