On the upside
Green Mountain Coffee Roasters (Nasdaq: GMCR) reported lower first quarter earnings but the results topped analyst estimates and revenue surged.
Shares of IFM Investments (NYSE: CTC) surged in its market debut.
Solutia (NYSE: SOA) reversed year ago losses to post a profit for the fourth quarter as sales rose and the company expects revenue to increase between 5% to 10% in 2010.
On the downside
National Penn (Nasdaq: NPBC) blamed greater loan loss provisions for widening losses for the fourth quarter.
Although LSI (NYSE: LSI) swung to a profit for the fourth quarter, the company offered a disappointing forecast.
While Textron (NYSE: TXT) narrowed fourth quarter losses, the company forecast 2010 results well below expectations.
In the broad market, declining issues edged out advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 9 points to 608.
