On the upside
ITT Educational Services (NYSE: ESI) fell to an unexpected loss for the fourth quarter but the for profit educator said that a new scholarship program was successful in recruiting in new students.
The National Advertising Division sided with Tempur-Pedic International (NYSE: TPX) and recommended that Serta change or stop advertising claims comparing its products to the iComfort Sleep System.
On the downside
OSI Systems (Nasdaq: OSIS) reported flat second quarter earnings and lowered its full year revenue outlook. OPKO Health (NYSE: OPK) will sell $150 million in convertible senior notes.
McCormick & Co. (NYSE: MKC) blamed higher raw material expenses for fourth quarter earnings that missed expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 1494.