On the upside
Republic Airways Holdings (Nasdaq: RJET) reported higher fourth quarter earnings as revenue surged from the company's acquisition of Frontier Airlines.
While fourth quarter earnings fell for Interpublic Group of Companies (NYSE: IPG), the advertising company cut expenses and expects economic conditions to stabilize in 2010.
Fourth quarter earnings for Rosetta Stone (NYSE: RST) more than doubled to surpass expectations.
On the downside
Cleveland BioLabs (Nasdaq: CBLI) raised $5 million through a private placement of common shares and warrants for common shares to institutional investors.
Novatel Wireless (Nasdaq: NVTL) reversed year ago losses to post a profit for the fourth quarter but the company forecast first quarter results well below expectations.
Fourth quarter earnings for SandRidge Energy (NYSE: SD) fell short of estimates and the company trimmed its production outlook for 2010.
In the broad market, advancing issues barely edged out decliners by a slim margin of nearly 5 to 4 on the NYSE while decliners outpaced advancers by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 627.
