On the upside
East West Bancorp (Nasdaq: EWBC) blamed hefty loan loss provisions for reporting a loss for the third quarter.
Skechers (NYSE: SKX) reported lower third quarter earnings but the results topped analyst estimates.
Despite rising loan losses, PNC Financial (NYSE: PNC) reported sharply higher third quarter earnings.
On the downside
Life Time Fitness (NYSE: LTM) reported lower third quarter earnings and warned that new membership growth would continue to be challenging.
Nucor (NYSE: NUE) swung to a loss for the third quarter as material costs rose and demand weakend.
ITT Educational Services (NYSE: ESI) reported higher third quarter earnings but also said that bad debt expenses increased.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 613.
