On the upside
Procter & Gamble (NYSE: PG) posted higher revenues and profits as the consumer products company raised prices in order to offset rising costs.
Lehman Brothers (NYSE: LEH) may be considering the sale of its entire investment banking unit, according a CNBC report.
Shares of II-VI (Nasdaq:IIVI) surged after the infrared optical components reported record revenues and earnings that surpassed expectations.
On the downside
American Superconductor (Nasdaq: AMSC) posted a wider loss on revenues that doubled, but the results missed analysts' estimates.Rackable Systems (Nasdaq: RACK) reaffirmed its full year after reporting a smaller loss on declining revenues. Analysts downgraded the server maker.
Midway Games (NYSE: MWY) reported a loss that exceeded its revenues as the video game maker continued to languish prior to the holiday season.
In the broad market, advancing issues outpaced decliners by a
margin of 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq.
The Russell 2000 which tracks small cap stocks leaped 11 points to 715.
