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 $127.01Strong sales of its namesake drink helped the beverage company beat first quarter profit and revenue forecasts.Qualcomm Inc., $8.63 to $79.08The mobile chip maker added to its gains after settling a bitter financial dispute with Apple.Intel Corp., up $1.85 to $58.56The 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 $72.46Media reports cast doubt on regulatory approval for the telecommunications company’s $26.5 billion merger with Sprint.CSX Corp., up $3.05 to $78.94The freight railroad’s first quarter profit beat analysts’ forecasts on a mix of volume growth and lower costs.International Business Machines Corp., $6.03 to $139.11The technology company’s first quarter revenue fell short of forecasts on lower sales throughout its businesses.United Continental Holdings Inc., up $4.07 to $89.24The airline’s first quarter profit doubled and beat forecasts as it carried more passengers and limited costs.PolyOne Corp., down $2.01 to $28.86The maker of resins for plastic products reported weak first quarter profit and revenue results because of lower demand.The Associated Press read more

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