Take a look at some of Friday's morning movers:
Darden Restaurants - The parent of Olive Garden and Red Lobster matched estimates with quarterly profit of $1.15 per share, but announced a 16 percent dividend increase to $0.50 per share. CEO Clarence Otis told CNBC that sales growth is not as robust as he would like, as consumers remain cautious about the overall economy.
Big Banks - Financial stocks are in the spotlight after Moody’s downgraded 15 global banks, including Goldman Sachs, JPMorgan Chase, Morgan Stanley, Citigroup, and Bank of America. Morgan Stanley shares are getting a boost as its rating is cut only two notches instead of the three that Moody’s had previously warned was possible.
Electronic Arts - Citi has downgraded the videogame maker's shares to "neutral" from "buy," saying several of its previous hopes for EA haven't panned out. That includes strong revenue from its “Star Wars” multiplayer online games, and continuing traction on the social/mobile front.Page 1 of 3 | Next Page