On the upside
Internet survey company Greenfield Online (Nasdaq: SRVY) received an all cash acquisition offer from an unnamed party that is higher than the buyout bid from Quadrangle Group.
Ambac Financial (NYSE: ABK) surprised investors with sharply higher second quarter earnings due to accounting related gains.
Reliant Energy (NYSE: RRI) reversed year ago losse to report a profit for the second quarter.
On the downside
Although second quarter earnings surged for Priceline.com (Nasdaq: PCLN), international bookings showed weakness.
National Financial Partners (NYSE: NFP) disappointed with second quarter earnings and revenue that fell short of estimates.
Multi-Fineline Electronix (Nasdaq: MFLX) reversed year ago losses as revenue surged but the results fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 726.
