CHICAGO (MarketWatch) — Shares of these companies are making notable moves in U.S. trading on Tuesday:
Accretive Health Inc. AH+35.66% surged 37%. The company said late Monday it will pay $2.5 million to settle a case brought against it by the Minnesota attorney general and stop all operations in the state.
Asian markets ended higher on hopes Europe will solve its debt crisis with expectations in the air that the U.S. Federal Reserve and European Central Bank are moving toward actions to spur growth.
Cirrus Logic Inc. CRUS+23.22% rallied 23%. The chip maker on Monday reported a drop in fiscal-first-quarter profit, but its forecast for second-quarter revenue exceeded analyst expectations.
Cummins Inc. CMI+5.99% rose 7% after the firm turned in second-quarter profit that handily topped Wall Street’s forecasts and said its gross margin hit record levels.
Herbalife Ltd. shares HLF+6.19% climbed 6% after the nutrition firm reported a rise in second-quarter profit and raised its full-year earnings forecast.
U.S. Steel Corp. X+9.14% rallied 9% after the company’s second-quarter results topped analyst estimates.
CafePress Inc. PRSS-40.95% plunged 42% after the company posted jumps in profit and revenue for its latest complete quarter, but issued a cautious outlook for the second half due to “the current political cycles and macro weakness in Europe.”
Coach Inc. COH-18.57% shares tumbled 17% after the handbag designer’s fiscal fourth-quarter sales missed expectations. The company described its new fiscal year as an “investment year.” That also helped pull down shares of Tiffany & Co. TIF-3.99% by almost 5%.
Facebook Inc. FB-6.22% fell 6% to $21.74 after analyst Carlos Kirjner of Bernstein upgraded the stock to market-perform from underperform, but noted that “valued just as a display advertising business gaining market share due to its fundamental competitive advantages based on scale, user data, and identity,” the company is worth just $19 a share.
Humana Inc. HUM-12.69% dropped 14%. The health insurer late Monday reported a drop in second-quarter profit and lowered its full-year profit outlook.
Lowe’s Cos. LOW-5.55% fell 5% after Rona, CA:RON+13.73% the Canadian retailer of home-improvement and gardening products, said it rejected an unsolicited takeover proposal from its U.S. rival.