Thursday's Winners & Losers: Security Capital Assurance

Qualcomm(QCOM Quote) gained $3.78, or 10.3%, to $40.41, a day after it reported that its first-quarter profit had jumped 18%. Qualcomm posted an adjusted income of $872 million, or 52 cents a share, up 21% from a year ago.

Analysts were looking for pro-forma profit of around 53 cents a share. Sales totaled $2.44 billion in the quarter, about 20% higher than the year before, and beat expectations of $2.41 billion.

MiddleBrook Pharmaceuticals(MBRK Quote) received approval from the FDA on Thursday for its anti-infective Moxatag to treat pharyngitis and tonsillitis secondary to strep throat. The drug is the first once-daily amoxicillin therapy approved in the U.S. ...