CHICAGO (MarketWatch) — Here are some of Wednesday’s biggest gaining and declining stocks:
Altera /zigman2/quotes/205871240/composite ALTR -1.97% gained 14%. The company posted a steep drop in earnings for its latest quarter but said things are turning around with new products driving growth. It raised its revenue outlook for the current three-month period.
BioFuel Energy Corp. /zigman2/quotes/209013335/delayed BIOF +9.62% soared 47% after news that the renewable chemicals and biofuel company had signed a pact with Gevo Inc. /zigman2/quotes/208747069/composite GEVO +0.25% to explore the large-scale production of isobutanol.
Broadcom Corp. shares added 8%. While second-quarter earnings fell, the maker of chips for smartphones and networking applications posted record revenue for the period as it benefited from strong sales across various business units. See story: Broadcom revenue jumps
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Juniper Networks /zigman2/quotes/207361368/composite JNPR -0.89% bounced 13%. Late Tuesday, the company posted a drop in second-quarter profit but exceeded its own forecast. See story: Juniper shares jump
Symantec Corp. shares added 13%. The maker of security software reported profit dropped nearly 10% for the first quarter of fiscal 2013, as higher costs offset a slight rise in revenue. Symantec also said Enrique Salem has stepped down as chief executive and will be succeeded by Chairman Steve Bennett. See story: Symantec shares jump on results, CEO change
Thermo Fisher Scientific /zigman2/quotes/201150432/composite TMO -1.58% rose 8% after reporting solid increases in profit and revenue for its second quarter with the help of higher market share and lower expenses.
Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.82% shares fell about 4%. The company saw sales of its popular iPhone come in below investors’ expectations for the June quarter, and it said that sales were crimped by “rumors and speculation” about the next version of the device. See story: Piper Jaffray cuts Apple estimates.
International Game Technology /zigman2/quotes/202670793/composite IGT -3.53% shares fell 21%. Third-quarter earnings fell 46% despite higher revenue as the slot-machine maker suffered a sharp increase in expenses.
Lorillard fell 5% after the tobacco company came up shy of Wall Street profit estimates in its latest reported quarter.
Netflix Inc. /zigman2/quotes/202353025/composite NFLX -2.96% shares tumbled 24%. The company reported second-quarter earnings that surpassed analysts’ forecasts late Tuesday, but the shares declined due to a forecast for a coming loss and the possibility that it might not reach its targets for signing up new subscribers. See story: Netflix on hot seat.
Radio Shack Corp. shares fell 30% after the electronics retailer said it lost 21 cents a share in its second quarter, falling short of the consensus that had called for a profit of 3 cents a share, according to data compiled by FactSet. Radio Shack said its business performed below expectations in the quarter. See story: RadioShack slumps to an all-time low
TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP +0.24% shares shed 16%. The travel website’s second-quarter revenue fell short of Wall Street estimates. Second-quarter revenue rose to $197.1 million from $169.2 million last year, but analysts surveyed by FactSet had been looking for $203 million.
WellPoint Inc. shares shed 13%. The company reported second-quarter earnings that fell about 8% as litigation and acquisition costs heightened the impact from lower medical enrollments. The health-benefits provider also lowered its full-year earnings estimate again, to a range between $7.30 and $7.40 a share from its June forecast of at least $7.57 a share. See story: WellPoint full-year outlook cut