On the upside
While Parexel International (Nasdaq: PRXL) reported flat third quarter earnings as expenses rose, the company raised its full year earnings guidance.
Office Depot (NYSE: ODP) blamed the slumping global economy for swinging to a first quarter loss but the results beat analyst expectations.
Southwestern Energy (NYSE: SWN) cited a significant impairment charge for swinging to a loss for the first quarter but the results surpassed estimates.
On the downside
Although Rent-A-Center (Nasdaq: RCII) reported higher first quarter earnings, revenue slipped to fall short of estimates and the company forecast disappointing second quarter results prompting a downgrade.
Unisys (NYSE: UIS) widened first quarter losses as revenue fell.
Delphi Financial Group (NYSE: DFG) priced its public offering of 3 million shares of common stock at $17.50 per share.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap lost 2 points to 467.
