On the upside
Second quarter earnings for Bucyrus International (Nasdaq: BUCY) more than doubled due to increased demand and the company's acquisition of DBT.
Riverbed Technology (Nasdaq: RVBD) reported higher revenue and better than expected second quarter results as the company reduced expenses.
NuVasive (Nasdaq: NUVA) reported better than expected second quarter results and lifted its full year outlook.
On the downside
Cepheid (Nasdaq: CPHD) blamed disappointing sales for widening second quarter losses and forecasting full year results below expectations.Affymetrix (Nasdaq: AFFX) swung to a loss for the second quarter that missed expectations due to a restructuring charge and lower revenue prompting the company to cut its full year guidance.
Although Western Digital (NYSE: WDC) reported better than expected fourth quarter earnings, the hard disk drive maker forecast first quarter results below estimates prompting a downgrade.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 11 points to 714.
