Afternoon Market Update (HAR, ALK, RYAAY, JBLU, DAL, CGNX)

Shares of Harman International Industries Inc

surged about 15% after the company swung to FQ1 profit. The company's net income from continuing operations came in at $0.35 per share, compared with a net loss from continuing operations of $0.08 per share, in the year-ago period. The company's sales jumped 12% y/y to $837 million. US Airline stocks moved up with Alaska Air

and Ryanair Holdings

as the top gainers in the list. However, the shares of JetBlue Airways

and Delta Air Lines

were slightly down. The benchmark NYSE Arca Airline Index (XAL) gained about 0.4%. Shares of Cognex Corp

advanced about 11% after the company reported better-than-expected Q3 results and issued upbeat projections for the current period. The company projects Q4 revenue between $83 million and $85 million, up from analysts' estimates of $76 million. Read more