On the upside
Fourth quarter earnings for PMC-Sierra (Nasdaq: PMCS) nearly doubled as revenue rose and the company expects first quarter revenue to top estimates.
Synovus Financial (NYSE: SNV) narrowed fourth quarter losses and forecast a profitable 2010.
Juniper Networks (NYSE: JNPR) reported a small dip in fourth quarter earnings but revenue rose to surpass expectations.
On the downside
Yucheng Technologies (Nasdaq: YTEC) swung to a fourth quarter loss as revenue tumbled.
Seanergy Maritime Holdings (Nasdaq: SHIP) priced its offering of more than 20 million common shares at $1.20 per share, a sharp discount over yesterday's closing price.
SanDisk (Nasdaq: SNDK) reversed year ago losses to post a profit for the fourth quarter that beat expectations by a wide margin but the flash memory maker offered a disappointing outlook.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 611.
