Market Focus


AT&T reported profits that topped consensus after the closing bell. Even though revenue was below expectations, investors were pleased that the company added nearly a half a million core subscribers. Also the rate at which customers left the network decreased. Shares popped initially after the bell. Before the close, the stock was up a fraction to $32.86.


eBay followed suit with a big earnings beat. The e-commerce company’s strong quarter was driven by transaction growth and corporate cost control. eBay shot up as much as five percent right after that report. Shares ended the regular trading day a fraction higher to $56.75.


Easier credit and lower fuel prices helped AutoNation post earnings and revenue that topped estimates. Shares were about 1.5 percent higher to close at $65.83.

Bank of New York Mellon

Bank of New York Mellon posted a stronger-than-expected profit in its first quarter, helped by higher revenue and lower expenses. Also, revenue from trading foreign currencies surged from year-ago levels. Shares popped more than three percent to $42.43.

Abbott Laboratories 

Abbott Laboratories also posted an earnings beat, helped by its strong sales of generic drugs. The company did say the strong dollar shaved some off its top line. Still, shares were up 2.5 percent to $48.35.


Omnicare saw its shares pop on a Bloomberg report that it’s exploring a sale. The company supplies drugs and services to nursing homes. This comes amid lots of deals in the health care space. Shares closed four percent higher at $84.52.

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