On the upside
Elizabeth Arden (Nasdaq: RDEN) swung to a 4th quarter loss and raised its outlook for 2009. The adjusted results met expectations reflecting a one-time charge to begin a global licensing agreement with Liz Claiborne fragrances.
Shares of Ctrip.com International (Nasdaq: CTRP) soared after the China-based travel service provider posted higher revenues and earnings.
Analysts expected wheeled-shoe maker Heelys (Nasdaq: HLYS) to reject the $142.8 million acquisition offer from Skechers USA (NYSE: SKX).
On the downside
Shares of Power Medical Interventions (Nasdaq: PMII) tumbled after surgery equipment maker posted a loss that missed expectations.
Engine maker Briggs & Stratton (NYSE: BGG) set 2009 revenue and profit targets below Wall Street estimates.
Wal-Mart Stores (NYSE: WMT) posted a 17% increase in 2nd quarter profits due to cost-cutting and a product mix that attracted bargain shoppers. Shares of the world's largest retailer slipped.
In the broad market, declining issues outpaced advancers by a slim margin on both the NYSE and Nasdaq. The
Russell 2000 which tracks small cap stocks lost a point to 747.
