Microsoft And Honeywell Rally While Skechers And Ge Slip

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Microsoft Corp., up $1.87 to $106.27 The technology company had a strong fiscal fourth quarter as its cloud computing business kept growing. Skechers USA Inc., down $6.98 to $26.27 The shoe company's quarterly forecasts fell far short of Wall Street estimates. State Street Corp., down $6.87 to $85.87 The financial services company said it will buy Charles River Development for $2.6 billion. General Electric Co., down 61 cents to $13.12 The industrial company had a solid second quarter overall but said its power business is still struggling. Honeywell International Inc., up $5.59 to $153.13 The industrial conglomerate raised its annual profit and revenue forecasts. Everest Re Group Ltd., down $9.48 to $224.82 The reinsurance company said it will take a $250 million charge mostly related to three major hurricanes in 2017. Cintas Corp., up $9.89 to $203.57 The uniform supplier reported a larger profit and greater sales than analysts had projected. V.F.

 

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