Company News

After the close of trading, Palm ( 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 Boeing ( BA) topping the Dow followed by 3M ( MMM) and DuPont ( DD).

Earlier, FedEx ( FDX) 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.

Financial and commodity-related sectors were the worst performing sectors, with Alcoa ( AA), Bank of America ( BAC) and Caterpillar ( CAT) serving as the Dow's biggest laggards.

Citigroup ( C), Ford Motor ( F) and 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 ( SIRI) stock lost 3.6% and seeing heavy trading on the Nasdaq after the exchange gave it a delisting warning.
Fed Ex

Shares of Trina Solar ( TSL) 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.

China Mobile ( CHL), the world's largest mobile operator by users, recorded 2009 profit growth of 2.3% as margins increased nearly 26%.

Late Wednesday, Nike ( NKE) 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.

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