Persistent Concerns About Greek Debt Weigh Down Markets


Investors concerned that the $144 billion bailout package for Greece is insufficient to avoid bankruptcy sent the markets down to a lower close with the Dow falling 58 points to 10,868. Nasdaq dropped 21 points to 2402.

On the upside

Dolan Media (NYSE: DM) reported higher first quarter earnings as revenue rose.

First quarter earnings for DG FastChannel (Nasdaq: DGIT) surged to surpass expectations by a wide margin as revenue climbed.

Ternium (NYSE: TX) reversed year ago losses to post a better than expected profit for the first quarter.

On the downside

Central European Media Enterprises (Nasdaq: CETV) disappointed with first quarter earnings that tumbled to fall far short of expectations.

Higher revenue lifted second quarter earnings for Sirona Dental Systems (NYSE: SIRO) but the stock price tumbled.

First quarter earnings for Comfort Systems (NYSE: FIX) plunged to miss estimates by a wide margin as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 698.

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This page contains a single entry by published on May 5, 2010 1:27 PM.

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