On the upside
Shares of MGM Mirage (NYSE: MGM) rose ahead of its earnings release next week.
Tekelec (Nasdaq: TKLC) reported higher fourth quarter earnings that topped analyst expectations and forecast full year income ahead of estimates.
Fourth quarter earnings slipped for Geeknet (Nasdaq: LNUX) but revenue surged.
On the downside
Fourth quarter earnings for TradeStation Group (Nasdaq: TRAD) plummeted due to lower commissions and fees and the company forecast current quarter income below expectations.
Administaff (NYSE: ASF) blamed greater than expected health care expenses for swinging to a fourth quarter loss.
Although Ecolab (NYSE: ECL) reported higher fourth quarter income, the results fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 9 points to 605.
