On the upside
Jos. A. Bank Clothiers (Nasdaq: JOSB) reported sharply higher full year earnings that topped estimates as sales climbed.Websense (Nasdaq: WBSN) announced that first quarter adjusted earnings will be flat or slightly higher.
Although third quarter earnings for Ruby Tuesday (NYSE: RT) tumbled due to significant charges, the results beat expectations prompting an upgrade.
On the downside
SVB Financial (Nasdaq: SIVB) warned of a first quarter loss prompting a downgrade.
Silicon Motion Technology (Nasdaq: SIMO) lowered its first quarter revenue guidance and gross margin outlook.
Investment Technology (NYSE: ITG) reported a 17% drop in average commissions per share.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 439.
