Upbeat Earnings Lift Markets

Upbeat earnings lifted the markets higher during the midday with the Dow rising 36 points to 11,128. Nasdaq gained 17 points to 2498.

On the upside

Reed's (Nasdaq: REED) expects strong first quarter sales on the heels of a record fourth quarter.

Target (NYSE: TGT) will begin selling Jones Soda's (Nasdaq: JSDA) GABA flavors nationwide beginning late May.

First quarter earnings plunged for Harley-Davidson (NYSE: HOG) but the results topped analyst estimates.

On the downside

BioDelivery Sciences International (Nasdaq: BDSI) will sell $10 million of securities to institutional investors through a registered direct offering.

AK Steel Holding (NYSE: AKS) reversed year ago losses to post a first quarter profit but warned that increasing iron ore prices will negatively impact second quarter results.

First quarter earnings rose for State Street (NYSE: STT) but investors were unimpressed.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 718.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.