Google Inc. (NASDAQ:GOOG) shares climbed $33.04 or 5.91% to $592.03 in the morning session after the company late Thursday said that it earned $2.7 billion, or $8.33 a share and adjusted earnings of $3.18 billion, or $9.72 per share, well ahead of analysts’ estimates.
Sprint Nextel Corporation (NYSE:S) climbed 3.60% to $2.88, off day’s high of $3.01. The stock is reacting after analyst at Credit Suisse made a buy call on the stock, stating print has access to the capital it needs and the “cash drag and funding gap is less than many feared.
Adobe Systems Incorporated (NASDAQ:ADBE) added 96 cents or 3.72% to $26.76 after rising 7.50% earlier in the session. The world’s largest maker of graphic-design software is best positioned to take advantage of HTML5, Roger McNamee, co-founder of private equity firm Elevation Partners LP, told CNBC.
Harman International Industries Inc./DE/ (NYSE:HAR) gained $2.59 or 7.58% after Relational Investors LLC lifted its stake in the company to 3.86 percent and urged the company to add independent directors.
Navistar International Corporation (NYSE:NAV) surged 8.38% to $41.92 after the company said Billionaire Carl has acquired 9.80% in the company , making him the second-biggest shareholder, according to a regulatory filing.
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