On the upside
Sinclair Broadcast Group (Nasdaq: SBGI) reached a tentative agreement with debt holders to pay down $438 million in senior convertible notes.
Although Mentor Graphics (Nasdaq: MENT) widened second quarter losses, the results topped estimates and the electronics testing software maker forecast third quarter results ahead of expectations.
Second quarter earnings for Salesforce.com (NYSE: CRM) more than doubled as revenue climbed.
On the downside
Verigy (Nasdaq: VRGY) disappointed by swinging to a loss for the third quarter as revenue tumbled.
Second quarter earnings for Hibbett Sports (Nasdaq: HIBB) plunged to fall short of expectations.
Foot Locker (NYSE: FL) blamed lower revenue for reporting break even results for the second quarter that missed estimates.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 11 points to 580.
