On the upside
Concert promoter Live Nation (NYSE: LYV) reported lower second quarter earnings but revenue rose to surpass expectations.
Although Qwest Communications International (NYSE: Q) reported a slip in second quarter earnings, the results beat estimates prompting an upgrade.
Second quarter earnings for Sapient (Nasdaq: SAPE) surged above expectations as revenue climbed.
On the downside
Anadigics (Nasdaq: ANAD) slashed its third quarter revenue guidance citing weak demand.
Although Cogent Communications Group (Nasdaq: CCOI) narrowed second quarter losses as revenue rose, the results fell short of estimates and the Internet service provider slashed its full year outlook.
Generic drug maker Par Pharmaceutical (NYSE: PRX) swung to a second quarter loss due to pricing pressure and increased competition.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 14 points to 728.
