On the upside
Netflix (Nasdaq: NFLX) impressed with sharply higher fourth quarter earnings that surpassed analyst estimates as the movie rental subscription company added over 1.1 million customers.
Eastman Kodak (NYSE: EK) reversed year ago losses to post its first profit in more than a year as revenue rose and margins improved.
Fourth quarter earnings rose to top estimates for Nokia (NYSE: NOK) even as sales slipped.
On the downside
While first quarter earnings for Qualcomm (Nasdaq: QCOM) more than doubled, the telecom forecast current quarter results below expectations.
Tetra Tech (Nasdaq: TTEK) reported higher first quarter earnings but cut its full year outlook.
Motorola (NYSE: MOT) reversed year ago losses to post a profit for the first quarter but the company forecast disappointing phone sales for 2010.
In the broad market, declining issues edged out advancers by a margin of more than 5 to 3 on the NYSE by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 612.
