On the upside
Sanmina-SCI (Nasdaq: SANM) reversed year ago losses to post a first quarter profit due to a large legal settlement and higher revenue.
Improving demand lifted fourth quarter earnings for Altera (Nasdaq: ALTR) to surpass analyst expectations.
McClatchy (NYSE: MNI) swung to a fourth quarter profit and negotiated an extension for its debt.
On the downside
GenVec (Nasdaq: GNVC) will offer common shares and warrants to raise approximately $28 million.
Hercules Offshore (Nasdaq: HERO) warned of losses for the fourth quarter.
Fourth quarter earnings for Caterpillar (NYSE: CAT) plunged as revenue tumbled.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 613.
