On the upside
Sotheby's (NYSE: BID) swung to a profit for the fourth quarter that beat expectations due to lower expenses.
Herculers Offshore (Nasdaq: HERO) narrowed fourth quarter losses more than expected.
KKR Financial (NYSE: KFN) reversed year ago losses to post a profit for the fourth quarter.
On the downside
Xilinx terminated its distribution agreement with Nu Horizons Electronics (Nasdaq: NUHC) effective June 5, 2010.
Allos Therapeutics (Nasdaq: ALTH) blamed higher sales and marketing expenses for its cancer treatment Folotyn for reporting a wider than expected fourth quarter loss.
TRW Automotive Holdings (NYSE: TRW) will offer 11 million shares of common stock that is held by Automotive Investors.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 648.
