On the upside
Research in Motion (Nasdaq: RIMM) impressed with higher third quarter earnings that topped analyst estimates as sales surged prompting upgrades.
Oracle (Nasdaq: ORCL) reported higher second quarter earnings that beat expectations due to favorable exchange rates.
Although Take-Two Interactive (Nasdaq: TTWO) widened fourth quarter losses, investors expect current quarter revenue to top estimates.
On the downside
Palm (Nasdaq: PALM) narrowed second quarter losses but a drop in smartphone sales weighed on investors.
RBC Capital Markets downgraded Career Education (Nasdaq: CECO).
LDK Solar (NYSE: LDK) modified its offering to approximately 16.5 million American Depository Shares to raise $108 million.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 607.
