On the upside
ADC Telecommunications (Nasdaq: ADCT) reported a narrower than expected loss for the first quarter.
Harman International Industries (NYSE: HAR) reversed year ago losses to post a better than expected profit for the second quarter.
News that Germany was crafting a rescue plan for Greece lifted shares of National Bank of Greece (NYSE: NBG).
On the downside
Trident Microsystems (Nasdaq: TRID) blamed a large pre-production inventory write-off for widening quarterly losses.
Atmel (Nasdaq: ATML) widened fourth quarter losses due to write-downs.
Fourth quarter funds from operations plunged for Parkway Properties (NYSE: PKY) due to write-downs. The real estate investment trust also lowered its annual dividend.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 594.
