Higher Close Over Upbeat Earnings

November 13, 2009 1:52 PM |
Despite a drop in consumer confidence, the markets closed higher with the Dow rising 73 points to 10,270 over upbeat earnings. Nasdaq gained 18 points to 2167.

On the upside

Third quarter earnings for Yingli Green Energy (NYSE: YGE) due to low prices but the results topped analyst estimates.

Shares of Netlist (Nasdaq: NLST) continued soaring after the company introduced HyperCloud, the world's first 16GB, 2 virtual rank memory modules for servers.

Rino International (NYSE: RINO) reported sharply higher third quarter earnings as revenue surged.

On the downside

Emergent BioSolutions (NYSE: EBS) completed its acquisition of a manufacturing facility in Baltimore for $8.2 million.

Astrotech (Nasdaq: ASTC) reported higher first quarter earnings as revenue rose but the stock price fell.

Borders (NYSE: BGP) will close 200 stores in January, 2010.  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 586.

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