On the upside
ADC Telecommunications (Nasdaq: ADCT) lifted its third quarter earnings and revenue outlook and will lower costs by extending its restructuring plan.
Stanford University scientist Stephen Quake mapped his entire genome using a Helicos BioSciences (Nasdaq: HLCS) DNA sequencing machine.
While Toll Brothers (NYSE: TOL) warned of a sharp drop in third quarter revenue, the luxury homebuilder said that signed contracts rose and cancellations tumbled.
On the downside
JA Solar Holdings (Nasdaq: JASO) blamed a sharp drop in revenue for widening second quarter losses.
Sara Lee (NYSE: SLE) disappointed with a fourth quarter loss as revenue fell.
The Securities and Exchange Commission is investigating Huron Consulting (NYSE: HURN) over circumstances related four companies Huron acquired between 2005 and 2007.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 12 points to 574.
