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Movers roundup: Sun Microsystems, McAfee



By AP
01 November 2008 @ 08:56 am AEST

Among the stock activity stories for Friday, Oct. 31, from AP Financial News:

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NEW YORK (AP)--Shares of Sun Microsystems Inc. tumbled Friday, one day after the server and business-software maker posted a $1.7 billion loss for its first quarter, with adjusted results below Wall Street's expectations.

NEW YORK (AP)--Shares of McAfee Inc. surged Friday after the computer security software maker posted better-than-expected third-quarter results showing, as one analyst put it, "no signs of economic weakness."

WASHINGTON (AP)--Shares of Assurant Inc. recovered from a fresh 52-week low Friday as the specialized insurance provider reported it swung to a third-quarter loss as the value of its investments dropped and hurricane-related catastrophe losses soared.

NEW YORK (AP)--Shares of pharmacy-benefits manager Express Scripts Inc. jumped Friday after the company said its third-quarter profit surged, prompting a boost to its 2008 profit expectations and beyond.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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