PepsiCo and Intel rise while IBM and T-Mobile slip

PepsiCo and Intel rise while IBM and T-Mobile slip

NEW YORK -- Stocks that moved substantially or traded heavily on Wednesday:

PepsiCo Inc., up 4.60 to 127.01

Strong sales of its namesake drink helped the beverage company beat first quarter profit and revenue forecasts.

Qualcomm Inc., 8.63 to 79.08

The mobile chip maker added to its gains after settling a bitter financial dispute with Apple.

Intel Corp., up 1.85 to 58.56

The chipmaker said it would exit the market for 5G smartphone modems and will focus on opportunities in computer modems and other devices.

T-Mobile US Inc., down 1.64 to 72.46

Media reports cast doubt on regulatory approval for the telecommunications companys 26.5 billion merger with Sprint.

CSX Corp., up 3.05 to 78.94

The freight railroads first quarter profit beat analysts forecasts on a mix of volume growth and lower costs.

International Business Machines Corp., 6.03 to 139.11

The technology companys first quarter revenue fell short of forecasts on lower sales throughout its businesses.

United Continental Holdings Inc., up 4.07 to 89.24

The airlines first quarter profit doubled and beat forecasts as it carried more passengers and limited costs.

PolyOne Corp., down 2.01 to 28.86

The maker of resins for plastic products reported weak first quarter profit and revenue results because of lower demand.