On the upside
Strong holiday sales lifted fourth quarter earnings for eBay (Nasdaq: EBAY).
Seagate Technology (Nasdaq: STX) reversed year ago losses to post a stronger than expected profit for the second quarter as gross margin improved.
Fifthe Third Bancorp (Nasdaq: FITB) narrowed fourth quarter losses and posted a profit for the full year.
On the downside
Total Systems Services (NYSE: TSS) reported lower fourth quarter earnings and forecast 2010 results below expectations.
PNC Financial Services (NYSE: PNC) reversed year ago losses to report a stronger than expected fourth quarter profit but the stock price fell.
While Legg Mason (NYSE: LM) reversed year ago losses to post a third quarter profit, revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 642.
