FinancialContent is the trusted provider of stock market information to the media industry.
April 20, 2012 at 18:12 PM EDT
Mixed Close Over Earnings
Upbeat earnings among blue chip stocks lifted the Dow 65 points to close at 13,029. The tech heavy Nasdaq lost 7 points to 3000 on disappointing results from SanDisk.
On the upside
First quarter earnings slipped for Ixia (Nasdaq: XXIA) but revenue climbed to top analyst expectations and the company forecast current quarter income ahead of estimates.
A.O. Smith (NYSE: AOS) reported sharply higher first quarter earnings that beat analyst expectations.
Under Armour (NYSE: UA) reported higher first quarter earnings and revenue that surpassed analyst expectations prompting the athletic wear maker to raise its full year guidance.
On the downside
Extreme Networks (Nasdaq: EXTR) warned that third quarter revenue and earnings will fall short of previous guidance and cut its full year outlook.
Expeditors International of Washington (Nasdaq: EXPD) warned that first quarter earnings will miss analyst expectations.
Royal Caribbean Cruises (NYSE: RCL) reported lower first quarter earnings and warned of lower income for the current quarter as bookings dropped.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 804.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here