Apple and Perrigo slip while Delphi and Straight Path climb

MarketsAssociated Press

Stocks that moved substantially or traded heavily Wednesday:

Apple Inc., down 45 cents to $147.06

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The tech giant's iPhone sales and quarterly guidance were a bit weaker than investors hoped.

Akamai Technologies Inc., down $9.70 to $52.80

The cloud services provider forecast weak revenue in the second quarter as demand from gaming customers slows.

Perrigo Co., down $3.88 to $72.35

The Irish company said its offices were searched as part of an investigation into pricing by generic drug companies.

Molson Coors Brewing Co., down $4.47 to $90.89

The beer maker's first-quarter profit fell far short of expectations as costs increased and sales in the U.S. fell at the beginning of the year.

Delphi Automotive PLC, up $8.56 to $87.01

The vehicle parts maker said it will spin off its powertrain systems business into a separate publicly traded company.

Etsy Inc., down 88 cents to $10.51

The online crafts marketplace posted a weak first quarter, replaced its chairman and CEO and said it will cut jobs.

Hanesbrands Inc., down $1.34 to $20.72

The underwear, T-shirt and sock maker disappointed Wall Street with its first-quarter results and second-quarter estimates.

Straight Path Communications Inc., up $29.38 to $155.20

The wireless spectrum license company said it's received an all-stock offer worth $135.96 per share from an undisclosed buyer.