On the upside
Second quarter earnings for Network Appliance (Nasdaq: NTAP) more than doubled to top analyst estimates despite lower revenue.
Sunrise Senior Living (NYSE: SRZ) completed the sale of 21 of its assisted living communities to Brookdale Senior Living (NYSE: BKD) for approximately $204 million.
While third quarter earnings and revenue fell for Suntech Power Holdings, (NYSE: STP) the results beat expectations by a wide margin.
On the downside
Third quarter earnings for Hot Topic (Nasdaq: HOTT) fell as same store sales dropped and the retailer forecast disappointing fourth quarter results prompting a downgrade.
Microvision (Nasdaq: MVIS) will offer 6.7 million common shares at $3.00 per share.
Dick's Sporting Goods (NYSE: DKS) reported higher third quarter earnings that beat expectations but the company forecast fourth quarter results below estimates.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points to 585.
