The markets opened mixed with the Dow slipping 10 points to 15,045 while Nasdaq rose 6 points to 3403 as investors paused after a record close yesterday.
On the upside
Electronic Arts (Nasdaq: EA) reported lower fourth quarter earnings and revenue but the video game developer forecast 2014 earnings ahead of analyst estimates.
Teva Pharmaceuticals (NYSE: TEVA) signed an exclusive U. S. license and supply agreement for Alexza Pharmaceuticals’ (Nasdaq: ALXA) agitation treatment Adasuve.
Pioneer Southwest Energy Partners (NYSE: PSE) received an acquisition offer from Pioneer Natural Resources (NYSE: PXD).
On the downside
Fusion-io (NYSE: FIO) chief executive David Flynn resigned and chief marketing officer and company co-founder Rick White resigned.
ValueClick (Nasdaq: VCLK) reported higher first quarter earnings and revenue but revenue fell short of analyst estimates and the online marketing services provider forecast second quarter revenue that fell short of expectations.
Cobalt International Energy (NYSE: CIE) priced its secondary public offering of 50 million common shares at the discounted price of $26.80 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index edged up a point to 1627.
