Microsoft and Alphabet tumble, Skechers and AMD climb

NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:

NYSE

Skechers USA Inc., up $1.93 to $32.73

The shoe company reported a bigger profit and greater sales than expected in the first quarter.

Norfolk Southern Corp., up $8.70 to $91.33

The railroad's quarterly profit rose as it slashed costs, and its revenue fell a bit less than expected.

Boston Beer Co., down $13.90 to $159.41

The brewer cut its annual forecast and said sales competition is up and consumers are more interested in variety and innovation.

Hanesbrands Inc., up 37 cents to $28.55

The underwear, T-shirt and sock maker posted a bigger profit than investors expected.

Nasdaq

Advanced Micro Devices Inc., up $1.37 to $3.99

The chipmaker's sales were stronger than analysts expected and it forecast solid results for the current quarter.

Alphabet Inc., down $42.23 to $737.77

The Google parents' first-quarter results disappointed investors as the average price of its ads fell.

Microsoft Corp., down $4 to $51.78

The tech giant reported a surprise drop in profit and revenue as its business software and Internet-based services did worse than expected.

Starbucks Corp., down $2.96 to $57.68

The coffee chain's sales growth disappointed and it warned that its transition to a new consumer rewards program could be bumpy.