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Merck, Starbucks, Deckers Are Market Movers

NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Merck & Co. Inc., up $1.76 at $45.10

The drugmaker said that its second-quarter net income fell 11.4 percent, but the company still beat Wall Street expectations.

Arch Coal Inc., up $1.54 at $6.80

The coal producer reported a second-quarter loss on mine closures and weak demand, but its results topped Wall Street predictions.

Nasdaq

Starbucks Corp., down $4.93 at $47.47

The coffee chain cut its outlook for the current quarter citing a slowdown in customer traffic and challenges in Europe.

Expedia Inc., up $9.19 at $54.90

The online travel agency said that its second-quarter profit fell 25 percent, but its results easily beat analysts' expectations.

Deckers Outdoor Corp., up $2.49 at $44.62

The maker of Ugg boots and Teva shoes posted a smaller-than-expected second-quarter loss helped by strong e-commerce sales.

Coinstar Inc., down $8.06 at $51.16

The Redbox DVD kiosk owner posted a 2012 outlook that fell short of Wall Street expectations because of costs to replace kiosks.

Ruth's Hospitality Group Inc., up 95 cents at $6.70

The Ruth's Chris Steak House owner posted second-quarter results that beat expectations, thanks to higher sales at its restaurants.

Netgear Inc., down 56 cents at $34.44

The networking equipment maker posted a rise in its second-quarter net income and offered a disappointing third-quarter forecast.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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