Disappointing earnings weighed the markets down to a lower open with
the
Dow falling 61 points to 12,662 after European leaders finalized a bailout package for Greece. Nasdaq added a
point to 2835.
On the upside
Advanced Micro Devices (NYSE: AMD) reversed year ago losses to post a profit for the second quarter and forecast current quarter revenue ahead of estimates.
Skyworks Solutions (Nasdaq: SWKS) reported higher third quarter earnings that beat analyst expectations and forecast fourth quarter results that topped estimates.
Second quarter earnings rose for SanDisk (Nasdaq: SNDK) to surpass analyst expectations by a wide margin.
Human Genome Sciences (Nasdaq: HGSI) blamed higher expenses for widening second quarter losses.
Caterpillar (NYSE: CAT) reported sharply higher second quarter earnings but the results fell short of analyst expectations.
Cemex (NYSE: CX) disappointed with a greater than expected loss for the second quarter.