On the upside
Accuray (Nasdaq: ARAY) reported higher second quarter revenue and forecast full year results ahead of estimates prompting an upgrade.Fourth quarter earnings and revenue as well as full year results surged for CyberSource (Nasdaq: CYBS) prompting an analyst upgrade.
Although earnings and revenue slipped for Digital River (Nasdaq: DRIV), the results surpassed expectations.
On the downside
Data Domain (Nasdaq: DDUP) reported sharply higher fourth quarter results but investors were disappointed with the results.An analyst downgraded NOVA Chemicals (NYSE: NCX) after the company swung to a fourth quarter loss and posted a loss for the full year as well.
Gannett (NYSE: GCI) blamed lower advertising revenue for reporting preliminary fourth quarter earnings that dropped.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 453.