After the close of trading,
(PALM) reported a third-quarter loss of 61 cents a share and sales that rose to $366 million, beating its own guidance for sales in a range of $300 million to $320 million. Analysts had been looking for a third-quarter loss of 42 cents a share. The stock lost 12 cents, or 2.1%, to $5.53 in after-hours trading.
Transportation was the session's strongest sector with
(BA) topping the Dow followed by
(FDX - Get Report) beat analysts' estimates with a 76-cent fiscal third-quarter profit, and raised fiscal fourth-quarter guidance. Shares gained $2.87, or 3.2%, to $92.67. Shares of rival
United Parcel Service
(UPS) added $1.54, or 2.5%, to $64.42.
and commodity-related sectors were the worst performing sectors, with
Bank of America
serving as the Dow's biggest laggards.
(C - Get Report)
(F - Get Report)
Bank of America
were the most heavily traded shares on the
New York Stock Exchange
, which had a listed volume of 4.2 billion. The Dow, meanwhile, saw volume of 153 million, compared with an average of 200 million.
Sirius XM Radio's
stock lost 3.6% and seeing heavy trading on the Nasdaq after the exchange gave it a delisting warning.
(TSL - Get Report)
lost $2.54, or 11%, to $20.54 as investors spurned the company's plans to sell 7.9 million shares in a secondary offering.
, the world's largest mobile operator by users, recorded 2009 profit growth of 2.3% as margins increased nearly 26%.
(NKE - Get Report)
reported third-quarter earnings that more than doubled from a year ago. The stock gained $3.78, or 5.3%, to $74.66 on Thursday.
Read on for details on trading in gold and energy markets.